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.
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.
Tassie’s biggest fund loses senior investment duo
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.
Select finds alternative support on Navigator
Navigator signed on the multi-manager Select Asset Management Alternatives Portfolio to the platform last week.
AXA Rosenberg seeds 130/30 long/short fund
AXA Rosenberg has launched a global equities fund with a 30 per cent shorting capability and a seed investment of $250 million.
Treasurer rejects transitional rules on super
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.
Equipsuper brings itself into line
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.
QIC awards Principal currency mandate
The Queensland Investment Corporation (QIC) has awarded Principal Global Investors (PGI) a $180 million global currency overlay mandate.
Bravura’s big year keeps on getting bigger
Bravura Solutions, the recently listed financial services systems provider, has beaten its prospectus forecast for earnings after a big increase in revenue in the past 12 months.
