Battles and big appointments the top stories of ’07

As I&T News closes for another year, tales of conflict and big name poaching proved once again to be the stories you loved to read.

One of the best-read stories of 2007 was our revelation that MTAA Super was suing its former chair of 10 years, John Rickus. Our exclusive on the bare-faced cheek of Paul Fiani calling his UBS breakaway boutique ‘Integrity’ – his way of commenting on the Qantas saga without saying a thing – was another blockbuster. As ever, appointments and disappointments were also popular fare. We were first out with the news that David Neal had jumped from Watson Wyatt to the Future Fund; that Watson Wyatt had got one back with the hiring of Mercer’s Melbourne chief Martin Goss; that Marcus Fanning was being lured back to funds management at Colonial First State; and that Invesco top bananas Luke Sinclair and Rohan Walsh were throwing in their lot with David Slack. All were among our most widely read stories of the year. Of course, some tales of innovation were popular too – our scoop on the MLC deal to buy out IAG’s Australian equities team and FUM rated strongly. I&T News is taking a break, and we look forward to returning, with more stories you want to read, on January 8. Have a great Christmas and the team will speak to you next year.

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Geopolitical risks rewire asset allocation ‘operating system’: GIC

Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.

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