More than 22,000 people, many of whom work in the funds management industry, are expected to take part in the annual Mothers Day Classic walk/run on May 14.
The record roll-up will be helped by the event’s expansion into Tasmania, with an inaugural Hobart ‘Classic’ being given a lot of support by local media, according to organisers. Other cities to host the ‘Classic’ are Sydney, Melbourne, Brisbane and Adelaide. The major sponsor is Members Equity Bank. Other sponsors include CMSF, funds manager Marvin & Palmer, PricewaterhouseCoopers, Brooks and Investment & Technology magazine. The event is organised by Women In Super. With this year’s tally, Mothers Day Classic will have raised more than $2 million for the National Breast Cancer Foundation. Tomorrow is the last day companies can register teams at the ‘early bird’ discount prices. The ‘Classic’ also tends to attract a few celebrities. This year, former world champion runner Melinda Gainsford-Taylor is expected to beat most of the field in Sydney, while Olympic gold medallist swimmer Duncan Armstrong will probably also take the run in his stride in Brisbane. Further information: www.mothersdayclassic.org
The $34 billion Brighter Super is set to shift a significant proportion of equities assets in MySuper from passive to active management. Chief investment officer Mark Rider says the move is possible because of the scale created by mergers, and the fund will be looking to its newly appointed active managers to generate performance through the cycle by taking idiosyncratic risks.
Darcy SongJanuary 21, 2025
