CSAM chief won’t deny boutique rumours

Aberdeen has already announced its global equities process will take over from the Capital International process, for which CSAM had been retail distributor and currency manager since 1997. The move has inspired Capital International to address Australia more directly, using Singapore-based Mark Speciale to try and convince as many investors as possible to stay with it and not migrate to Aberdeen. Speciale also plans to service institutional clients more directly, with pending implications for the National Capital Alliance joint venture with nabInvest.

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Blue skies and lawsuits power MLC Super returns higher

Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.

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