Putting the rock into retirement savings Unbalanced is always searching for rock ’n’ roll connections in the buttoned-down world of institutional funds management. You might remember our piece about AllianceBernstein’s Bruce Garratt and his daughter, Laura ‘next Suzi Quattro’ Wilde. Well, we’re pleased to report we’ve found another one, although it’s not so much rock as Stone. Angus and Julia Stone, that is, the globally chart-topping folk duo from Newport on Sydney’s Northern Beaches. Not only did their parents play a big part in their musical development, but mother Kim also happens to be the head of e-marketing for Colonial First State Global Asset Management. Well done all round, ma’am. Another industry folkie deserving of mention is Bernard O’Connor, a ‘survivor’ of the Greenwich Village scene of the ’60s and ’70s, who is best known in these pages as the company secretary of Non-Government Schools Super. By night, however, you are liable to catch Bernard, his mandolin, and singing partner Sarajane, filling a pub somewhere with beautiful harmonies on traditional Irish and bluegrass songs. The duo are known as The Selkies, and Unbalanced highly recommends their debut CD, Shenandoah. Opening the cover, you may notice that Bernard has gone for the very rock ’n’ roll move of adopting a stage name. We’d like to report it was something like “Ramblin’ Jack” or “Blind Willie” O’Connor, but perhaps remembering he is still in the superannuation business, Bernard’s gone for a simple “Michael O’Connor” instead.
Alternatives
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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