The founding head of Acumen Super, Peter Robertson, will depart the REST-owned corporate pension vehicle and become the chief executive of the Stevedoring Employees Retirement Fund (SERF) early next year.
Robertson worked at the REST industry fund for five and a half years and helped set up Acumen in 2002. The acting chief executive of SERF since July, Ross Taylor, said he would have no further involvement with the fund following Robertson’s transition, and no confirmed future plans at this stage. Robertson will also become chief executive of SERF’s internal administration company, Maritime Financial Services. Talks between SERF and fellow self-administered funds Seafarers Retirement Fund and Auscoal, regarding the sharing of backoffice resources, had been put on hold while a permanent chief executive was found. SERF will introduce income protection insurance for most members from February 2007.
14/11/2006
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Investments
The on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand. And while the event retains the extraordinary intellectual and financial firepower that has always been its signature, something has shifted. The absences are as instructive as what's on the program.
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