The big super funds will continue to get bigger and the small keep getting out, but mergers among funds will not necessarily lead to sustainable benefits from scale, the Fund Executives Association Ltd (FEAL) annual conference was told last week.
Suncorp soft closes long/short fund
Suncorp has closed its new long/short trust at just $200 million following a $150 million mandate win from the Australian Reward Investment Alliance (ARIA).
Second Japanese mandate for Absolute Capital
Absolute Capital has just won a second Japanese pension mandate of 1 billion yen, or $11 million, for its structured credit product.
$2b up for grabs in GESB global shares review
Western Australia’s Government Employees Superannuation Board (GESB) is reviewing its $2 billion international equities portfolio.
REST ups property exposure with two unlisted plays
REST Superannuation increased its property allocation from 7 to 8 per cent in order to access $250 million of new unlisted investment opportunities.
Kiefel ‘pre-empts’ conflict with resignation
Charles Kiefel has resigned as chairman of boutique growth style manager Hyperion Asset Management, saying it’s a pre-emptive move to avoid a potential conflict of interests.
More advisers snub listed investment products
The ASX will intensify its lobbying of dealer groups to include listed products on their approved lists in the wake of a new survey that found a decline in the use of such products by financial planners.
IBM alliance opens up Asia for Bravura
Bravura Solutions will be able to take its wealth management platform, Sonata, to China, Korea and Taiwan following an Asia Pacific agreement signed with IBM.
British planners not excited about wraps
British financial planners are doubtful about the benefits of wraps, with only 37 per cent planning to be early adopters of the products according to a survey.
FEAL dissects scale issue for funds – there’s bad with the good
The big super funds will continue to get bigger and the small keep getting out, but mergers among funds will not necessarily lead to sustainable benefits from scale, the Fund Executives Association Ltd (FEAL) annual conference was told last week.
Suncorp soft closes long/short fund
Suncorp has closed its new long/short trust at just $200 million following a $150 million mandate win from the Australian Reward Investment Alliance (ARIA).
Second Japanese mandate for Absolute Capital
Absolute Capital has just won a second Japanese pension mandate of 1 billion yen, or $11 million, for its structured credit product.
