SuperRatings has acquired a controlling interest in its web-building service provider and rolled out two web-based member tools for super fund sites.
The fund research and ratings firm has a acquired a majority stake in Toowards Pty Ltd, a web design and development company started by Stuart Edwards and Tim Toohey in 1997. The company also builds financial caluclators and comparators as well as customer and content management systems. Jeff Bresnahan, SuperRatings managing director, said the two companies had been working together for the past two years and his company wanted to ensure continuity in the development of new web-based services. The two new tools for funds are a “RateMySuper/RateMyPension” comparison tool and an accumulation and retirement calculator. The comparator can be tailored on content and display, allowing funds to differentiate their competitive advantages to members. First clients are AGEST and MTAA Super. The retirement calculator can also be tailored, allowing users to vary insurance premiums, input multiple career breaks, vary retirement income as well as contributions and returns assumptions. First clients are Health Super, Cbus and InTrust.
Hedge Funds
Funds hooked on equity and bonds need sophistication in alternatives: Mercer’s Nuzum
The senior investment leader describes the governance challenges as “huge” for funds moving into alternative asset classes because of the complexity and also because of the gap between the best and worst performing general partners and investment managers.
Hedge Funds
China consumption story trumps US trade concerns
This year’s single-best trade was Chinese mid-cap semiconductor and tech stocks, according to UBS O’Connor's Kevin Russell. This illustrates how China’s domestic consumption economy allows it to combat any trade wars with the US.
Hedge Funds
Alternative strategies in the eye of the storm: Sunsuper’s Bruce Tomlinson
While Sunsuper's access to cash and public market meant its alternatives allocations weren't tapped for liquidity to facilitate early release payments, Tomlinson said he could take advantage of some more liquid ‘hedge fund-type’ investments during tumbling markets.
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