Surf Life Saving Rescue Fund
The Surf Life Saving Rescue Fund (“Fund”) is a charitable investment scheme operated by The Surf Life Saving Foundation. The Fund can accept investments only on behalf of Surf Life Saving entities that are members of, or affiliated with, Surf Life Saving Australia.
The objective of the Fund is to maximise the net (after fees) earnings of the funds under management at an acceptable level of risk that protects the capital value of the investments.
The Fund has total funds of $45.7 million under management as at 30 June 2018 in two components:
- The Perpetuity component ($18.0 million) – which includes funds held in trust by the Foundation in accordance with the terms of the Trust Deed of the Foundation Perpetuity Trust; and
- The Withdrawable component ($27.7 million) – which includes funds that have been directly invested by SLS entities.
All of the monies in the Fund are pooled within three investment options (short-term, medium-term and long-term), all with their own distinct investment allocations. By pooling funds into these three investment options, the Fund is able to access large scale and specialised investment resources that would not otherwise be available to SLS entities, to maximise their net investment returns.
The cost of administering the Fund is borne by The Surf Life Saving Foundation, with no fees charged to investors or retained by the Fund.
An independent Investment Committee provides oversight and strategic advice on the effective investment of the Fund.
The Fund has total funds of
$45.7 million under management as at 30 June 2018
Richard has worked in the financial and investment markets for 35 years. He was a founding partner and director of JCP Investment Partners, a specialist investment management organisation with over $6 billion in funds under management.
Ed Prendergast is Co-manager of the Pengana Emerging Companies Fund which he established with Steve Black in 2004. He was previously a Director at Citigroup, and Head of the Small Companies research team. In total, Ed spent 10 years researching small companies for stockbrokers – primarily at Citigroup and ABN Amro, and was top-ranked by BRW in 2003 and 2004. Ed has a Bachelor of Economics from La Trobe University and a Graduate Diploma in Applied Finance (SIA).
Richard has worked in the financial and investment markets for 35 years. He was a founding partner and director of JCP Investment Partners, a specialist investment management organisation with over $6 billion in funds under management. Previously, Richard was a Director of ABN AMRO (and BZW) for over 10 years. He was a Director of the Australian Rail Track Corporation and a Trustee Director of the Commonwealth Public Service Superannuation Schemes (CSS/PSS) between 1998 and 2004. Richard is a Trustee/Director of several charitable organisations including the Baker Foundation, Olivia Newton-John Cancer Research Institute and the Lord Mayor’s Charitable Foundation.
Martin Walsh is the Chairman of The Surf Life Saving Foundation and an Independent Director of Surf Life Saving Australia Limited. He is a member of Lorne SLSC and Life Member of Life Saving Victoria. He is also a previous Director of LSV. Professionally, Martin is a Non-Executive Director and Consultant. Previously a Partner of Deloitte and Ernst & Young, he is a currently a Director of the IOOF Superannuation entities, and the Royal Australian College of General Practitioners. In addition he is a past director of Hastings Funds Management Limited and StatePlus Limited. He is a Fellow of the Institute of Chartered Accountants, a Fellow of the Governance Institute, and a Graduate Member of the Institute of Company Directors.