ESSSuper named top-performing balanced fund in FY23
Emergency services industry fund ESSSuper was the top-performing balanced super fund for the 2022-23 financial year, returning 13.3 per cent for its balanced growth option, according to researcher SuperRatings.
July 17, 2023
Nanuk appoints portfolio manager
Sustainable investment-focused fund manager Nanuk Asset Management has appointed John Lobb as a portfolio manager. Lobb has over 32 years of experience as an equities analyst and portfolio manager. Before joining Nanuk, he was a global equities portfolio manager and senior analyst at Insync Funds Management. Previously, he held key investment positions at Orion Asset
July 17, 2023
MA Moelis expands equity research team
MA Moelis Australia has appointed Paul Hissey and Tom Tweedie as executive director and vice president of its equity research team, respectively.
July 14, 2023
APRA told to increase efforts to identify superannuation risks
The Financial Regulator Assessment Authority has handed down a report into the effectiveness and capability of the Australian Prudential Regulation Authority. It found the prudential regulator plays a key role in ensuring Australia has a safe and stable financial system. But it also made five recommendations for APRA to improve its resolution function. The recommendations
July 13, 2023
Australian ETF industry breaks $150b barrier
The Australian ETF industry reached $150 billion in funds under management during June 2023, according to analysis of security exchanges ASX and CBOE by Betashares.
July 13, 2023
ASFA urges closure of retirement savings gender gap
Peak body ASFA is calling for the government to close the gap in retirement savings between women and men.
July 12, 2023
Mason Stevens appoints Toussaint as CFO
Specialist wealth platform provider Mason Stevens has appointed Laurent Toussaint as chief financial officer. He will commence in the role after he departs Count, which was announced yesterday. Toussaint will replace Wayne Twomey, who will work to ensure a smooth transition before his retirement. Toussaint has 25 years of experience in finance, mergers and acquisitions,
July 12, 2023
Global equity funds most popular Australian launches
Global equities are the go-to choices for Australian investors, capturing a 22 per cent slice of the pie in the latest 100 funds launched by Equity Trustees. Of the 100 funds, there are 53 domestic fund managers and 47 global fund managers. Thirty-five (66 per cent) of the domestic managers are based in Sydney, 16
July 12, 2023
Managed funds experience $2.8b outflows
Managed equity funds have seen the worst quarter in five years, with outflows across all fund types totalling a net $2.80 billion in Q2, according to the latest Fund Flow Index from global funds network Calastone. Australian investors have fled the funds for the perceived safety of fixed income and cash, Calastone concluded Q2 marked
July 11, 2023
State Street appoints global sustainability head
State Street Corporation has appointed executive vice president Jessica Donohue as head of global investment insights, sustainability, and impact; replacing Rick Lacaille, who announced his retirement earlier this year. In this role, Donohue will oversee State Street’s sustainability efforts and bring together investment insights and solutions to deepen the consultancy’s relationships. Donohue has held a
July 11, 2023
Rest appoints WTW as asset consultant
Profit-to-member super fund Rest has appointed Willis Towers Watson as an asset consultant to its board and the board’s investment committee. The appointment follows a competitive tender process that began in October 2022, and will improve independent advice within Rest’s investment governance framework. JANA Investment Advisers will continue as the asset consultant to Rest’s investments
July 11, 2023
AZ NGA bolsters legal and M&A teams
AZ Next Generation Advisory has appointed Andrew Symes as general counsel and company secretary, and Yasemin Onat as head of mergers and acquisitions. Symes will head AZ NGA’s legal, risk, and corporate governance function. He previously held the same role at Yellow Brick Road. His career has spanned advice, lending, broking, and wealth management, also
July 10, 2023
