15 February 2010 13:00
Merlicek hoped a “partnership” with Russell would develop, pointing out that both were “turnaround situations”.
Indeed, the IOOF CIO is starting with a blank sheet of paper after an acquisition spree instigated by Australian Wealth Management left him with three multimanager teams (Skandia has since been dissolved), while Russell was until recently thought by many to be a spent force in asset consulting, having lost most of its sizeable ‘traditional’ clients.
The $205 billion Aware Super says that around 15 per cent of assets in its high-growth option are exposed to the AI thematic, but says that finding the portfolio's true concentration will require looking beyond simple dollar aggregation. Head of investment strategy Michael Winchester unpacks the approach and why the fund has to be “really discerning” with where it allocates to in the future.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
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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