US private equity fund-of-funds manager Lexington Capital Group has continued a successful 2006 in Australia, receiving a $26 million mandate from Queensland’s ESI Super.
Print Super to reconsider overseas investment limits
The $1.1 billion Print Super will review the limits on international investments which remain in its fund rules.
Big changes afoot at Macek-less Vertex
Embattled market neutral manager Vertex Capital Management will be party to a “joint announcement” about its future in a few weeks time, according to managing director Kim Ivey.
Proxy voting advisers become ‘kingmakers’
Institutional investors’ growing sensitivity to corporate governance issues has turned Australia’s proxy voting advisers into ‘kingmakers’, activist Stephen Mayne told the Australian Super Investment conference in Cairns yesterday.
Don’t outsource unless you’re tiny: Cuffe
Backoffice outsourcing makes sense for nobody but the smallest start-up funds manager, former boss of Colonial First State and Challenger, Chris Cuffe, told an audience in Sydney last week.
Praemium cements UK presence
Portfolio administration provider Praemium has landed what it says will be its cornerstone client in the UK.
Supercorp releases new software
Funds management software provider, Supercorp Australia, has released new software designed to cope with legislative changes which came into effect in July.
Deutsche plots return to retail with income fund
Deutsche Asset Management (Deutsche) has begun a concerted push to regain a presence in the retail market with the launch of a new fixed income product and a number of new hires for its adviser services team.
Future Fund targets year-end for fund manager appointments
The Future Fund Management Agency (FFMA) has put out an RFP for a custodian and hopes to appoint funds managers by the end of the year now it has secured the services of NZ Superannuation Fund chief Paul Costello as its general manager.
Challenger considers Australian LPT
Challenger Financial Services is considering launching an Australian listed property trust as part of plans to grow its asset management capabilities.
Corporate master trusts narrow their performance gap with industry funds
The outperformance of industry superannuation funds may not necessarily continue, according to Warrant Chant of Chant West Financial Services, who says their outperformance compared to corporate master trusts is gradually being eroded.
ESI Super gets closer to alternatives target benchmark
US private equity fund-of-funds manager Lexington Capital Group has continued a successful 2006 in Australia, receiving a $26 million mandate from Queensland’s ESI Super.
