Sackings and signings clicked with you in '08

As our loyal readers will know, I&T News covers the waterfront when it comes to Australia’s institutional investment industry, with everything from regulation, backoffice technology, to investment trends getting airtime. But no matter what the subject, it’s the stories you can’t find on any press release that have the greatest appeal – both for us to report and, as our trusty click-counter shows, for you to read.

We’ve got nothing against press releases, even if none of the stories mentioned above came from one. They often contain helpful information, and as a means of broadly communicating a particular version of events, they are no doubt effective.

However, they tell you nothing about what really makes this industry tick.

I&T News’ aim is to find out what does, and share it with you every Tuesday morning.

Thank you for your support in 2008. I&T News will be back with a somewhat truncated edition next week, but for the many of you who won’t be in the office – have a great Christmas break, and I&T News will return to your inbox on Tuesday, January 6.

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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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