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.
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
