Host Plus staffer wins FEAL scholarship

A staffer at industry fund Host Plus has secured a scholarship to undertake the first two modules of the Fund Executives Association (FEAL)/ Melbourne Business School Executive Education Program, which was created specifically for senior staff at funds.

Umberto Mecchi, executive manager of strategy and marketing at Host Plus, was chosen among 14 applicants for the scholarship. It will see him study modules ‘Foundations in Finance for Fund Executives’, taught by Jennifer George, the School’s Associate Dean of Academic Programs, and Sam Wylie; and ‘Building Brands’, taught by Associate Professor – Branding, Mark Ritson. The scholarship selection panel included the School’s George, Howard Rosario (FEAL Chairman), Guy McAliece (KPMG) and Dean Winterton from scholarship sponsors, AMP Capital Investors. Places are still available for the program which commences 13 April 2008. For more information visit www.feal.asn.au.

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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