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.
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.
IOOF execs reinstated
IOOF has reinstated four senior executives who were suspended last week pending an investigation into alleged accounting improprieties.
IFF seeks funds from insurers for mental health program
The 20 industry fund members of Industry Fund Forum (IFF) are asking their insurers to fund the IFF Mental Health & Wellbeing Program, which could eventually draw government funding as well.
Zurich frees up Constellation Aussie share mandate
Constellation Capital Management has loosened the constraints on its Australian equities mandate with Zurich Financial Services (ZFS), following demands from research houses and dealer groups for a less benchmark-aware offering.
Lazarus resigns as VicSuper investment boss
Vicsuper is looking for a new executive manager of investments, following the recent resignation of Alan Lazarus.
Lower fees among mega trends for platforms
Funds management fees will drop by up to a third and platform fees by up to half over the next few years as competition in the mezzanine sector of the industry intensifies and the main players seek ever more scale.
