11/01/2010
“You could streamline the investment strategies and improve the cost structure…instead of two PDSs, you’d have one PDS.”
But it is understood that EISS is the more eager of the two funds to merge. Ian Robertson, trustee with LGSS, derisively likened the smaller fund to “the ugliest, drunken person in the bar trying to shag someone far more attractive”.
Aware Super has axed TelstraSuper’s entire investment team, including its acting CIO Kate Misic, as a result of the merger between the two funds. A TelstraSuper spokesperson confirmed to Investment Magazine that a “decision was made not to duplicate TelstraSuper’s investment functions” due to Aware’s existing 150-person strong investment team across Australia and the UK.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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