This is the last edition of I&T News for the year – we will next publish on January 9, 2007 – and we wish all our readers a safe and happy holiday period.
A look at our readership statistics for the year show that the old journalism maxim that bad news beats good news every time has rung true, for us at least. For the record, the most read story on I&T News this year was: ‘Cuffe gone in Challenger executive purge’, while the story which attracted least reader interest was: ‘SWIFT forecasts further 5 per cent rebate for customers’. The rest of the top five in the readership stakes, in order, were: ‘Commission comparison rate needed, Lucy tells government’; ‘Westpoint complaints stack up at FICS’; ‘Asplin exits Challenger, Gaden promoted’; and ‘Tassie’s biggest fund loses senior investment duo’. Michael Bailey, our editor, Penny Pryor, Simon Mumme, David Chaplin and myself look forward to bringing you more news, good and bad, next year.
The $34 billion Brighter Super is set to shift around $10 billion of assets from passive to active management. Chief investment officer Mark Rider says the move is possible because of 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
