Colonial First State Global Asset Management has lost its head of superannuation business development to a newly created position at Industry Funds Management.
Melbourne-based Eddy Schipper finished up at CFS GAM last Friday. On October 16, he will join IFM in the fund’s first appointment of a business development manager. Damian Moloney, chief executive officer at IFM, said that while the fund had always worked closely with its network of industy funds, IFM was now looking to widen its client base to include broader industry funds, as well as corporate and government funds. Schipper’s role, the title of which is yet to be determined, would involve working with the funds management team at IFM and liaising with various asset consultants, Moloney said.
There is one investment area where Insignia’s $180 billion super arm has not lost money for the past 17 years, which is what it calls the insurance-related investments. The alternatives strategy is gaining popularity among asset owners due to its diversification benefit, but Insignia’s super and asset management investment chief Dan Farmer warns it is a space where investors can suffer if they “stumble in without doing the homework”.
Darcy SongJanuary 23, 2025
