The founding head of Acumen Super, Peter Robertson, will depart the REST-owned corporate pension vehicle and become the chief executive of the Stevedoring Employees Retirement Fund (SERF) early next year.
Currency convergence a boon for struggling managers
The convergence of developed and emerging country currency markets will provide forex traders with a chance to break their three-year run of negative returns, according to the head of global macro strategy for State Street Global Markets, Michael Metcalfe.
Bennelong brings internal nous to wholesale market
Bennelong Group, the diversified investment and property company, has gained a wholesale ASIC licence and will offer an Australian long/short equity fund to the market.
Nick Greiner to address investor relations conference
The Australasian Investor Relations Association (AIRA) will hold its annual conference in Sydney on November 23, with an address by former NSW premier and AIRA patron, Nick Greiner, set to be a highlight.
State Street researchers look to attack market impact losses
State Street Global Markets is developing a system to reduce the two largest costs associated with portfolio transitions – market impact and opportunity cost – while at the same time producing new research to show how its off-market trading reduces the other ‘implicit’ costs.
JPMorgan to import private equity admin support
JPMorgan’s Private Equity Fund Services division will import a full-time client contact person from New York to Sydney early next year, acting on feedback that several of its large super fund clients need better administration of their growing private capital portfolios.
Korchinski to get Citistreet start in January
The former boss of Australian Administration Services (AAS), Stuart Korchinski, will start at the helm of competitor member administrator, CitiStreet, on January 2.
Acumen founder becomes CEO of Stevedores' fund
The founding head of Acumen Super, Peter Robertson, will depart the REST-owned corporate pension vehicle and become the chief executive of the Stevedoring Employees Retirement Fund (SERF) early next year.
Interest rates not the main story – it’s US recession possibilities
Despite the likelihood of another small rise in the Australian cash rate tomorrow, interest rates are no longer the main story for investment markets.
Private equity – it’s a bubble, says CHAMP
While opportunities still abound in private equity, recent Australian buyouts have prompted one leading manager, CHAMP’s Joe Skrzynski, to label the current climate a “bubble”.
Member education is not enough, conference told
There is increasing evidence that member-provided education about investments is not leading to a change in investment behaviours, with the Russell Investment Group the latest to weigh in on the subject.
Take infrastructure allocation from bond portfolio: van Eyk
Infrastructure investments are best allocated from fixed interest portfolios, rather than equities, according to the first paper from van Eyk Research’s new Strategic Research Unit.
