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.
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.
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.
Funds management software provider, Supercorp Australia, has released new software designed to cope with legislative changes which came into effect in July.
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.
Two senior investment officers at Tasmania’s $2.9 billion Retirement Benefits Fund (RBF) have taken on similar roles at other funds, with chief executive Simon Gillies now in charge of investments.
The Government looks unlikely to make any major changes to its plan to simplify and streamline superannuation, following the closing of the three-month consultation process in August.
The $3.7 billion profit-for-member fund Equipsuper has added two investment choice options and changed the structure of the existing three to “bring them more into line with the nomenclature used by our peers”, according to chief investment officer Michael Strachan.