The $61.5 billion Future Fund committed to three private equity funds managers, and awarded its first active global equities mandate, to Lazard Asset Management.

The $3.5 billion Catholic Super & Retirement Fund prepared to recompense 2500 ex-members affected by a tax-related unit pricing error made two years ago.

Melbourne-based boutique incubator Bennelong Funds Management scored its first coup, luring four of the ING Investment Management Australian equities team, including Paul Cuddy and Mark East who have run and rebuilt ING IM’s process since 2004.