FEAL award open for nominations

The Fund Executive of the Year nominations are now open, with the winner set to be announced at the Fund Executive Association Ltd 10th anniversary dinner in Melbourne, August 12 – prior to the annual conference.

The award, sponsored for the past seven years by AMP Capital Investors, is for a $20,000 education grant at an international business school. It was won last year by Anne-Marie Corboy, chief executive of HESTA, who is to participate in a ‘high potential leaders’ program at Wharton University in Philadelphia.

The FEAL conference, on August 13, will focus on the search for “green shoots’ in the recession. Keynote speakers include social commentator Hugh McKay and former funds manager Linda Nicholls.

The conference is the only event on the FEAL calendar which is open to all industry participants.





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AustralianSuper’s call for leverage is bold but unnecessary

AustralianSuper's chief liquidity officer Chandu Bhindi has publicly proposed the idea of allowing some super funds to directly use leverage, enabling them to better manage liquidity requirements in crisis situations rather than being forced to sell assets at stressed prices. While the idea has some merits, overall it is not necessary and could increase system risk.

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