Lehman’s loss is Warakirri’s gain

A former executive from the now defunct Lehman Brothers Asset Management yesterday started at Warakirri Asset Management.

Conor Hayes, previously the financial services manager for the Australian asset management arm of the now-bankrupt outfit, has become the company secretary and head of compliance for Melbourne-based Warakirri Asset Management. Graham Fenton had been fulfilling the role on a part-time basis, prior to his retirement. Warakirri is a vendor of Australian equities and alternatives multimanager funds, as well as agribusiness funds.

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Mercer Super expands into frontier market debt, builds out PE program

The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.

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