The board of JUST Super, the journalists and entertainers fund, will study the merger of Finsuper with STA/ARF before deciding on whether to consider going down the same route, according to the fund’s chair, Gerard Noonan, who was awarded the Trustee of the Year at last week’s CMSF conference.
Praemium to spend $10 million conquering the UK
Praemium intends to use $10 million of the $18 million it hopes to raise in its initial public offering to fund its expansion plans in the UK. According to the Praemium prospectus, the portfolio administration provider has made presentations to over 50 UK firms and has received expressions of interest from a number of them.
Government to leave commissions alone
Chris Pearce, the Parliamentary Secretary to the Treasurer, told I&T News yesterday that the Government has no intention of legislating to cap or outlaw commissions on financial services products.
Putnam gets ready to go it alone in Australia
US mutual fund giant Putnam Investments has hired a former investment specialist at Zurich Financial Services, Peter Walsh, to head up the group’s Australian retail business.
Sunsuper chief executive
Don Luke, the chief executive of Queensland multi-employer fund Sunsuper, has not resigned from the fund, as was incorrectly reported in last week’s I&T News, in a report on generational change among super funds. We apologise for the error.
Macquarie opens HK private equity office
The Macquarie Funds Management (MFM) alternatives division has hired its first staff in Asia, luring two private equity analysts away from Deutsche Bank to its Hong Kong office last week.
Single and loving it: why solo advisers won’t fade away
The single practitioner financial planner has been labeled a dead-end business in most parts of the world but a new study by US consultancy firm Moss Adams has found there is life in the old dog yet.
Ramifications of fund mergers: beware cultural and financial damage
With the latest APRA estimate of super funds to survive post July 1 dropping to 320, the ramifications of the structural changes occurring in the industry are starting to bite. And what better place to discuss this than at the CMSF conference on the Gold Coast last week?
Fincorp Diversified Property Fund
Fincorp launches a diversified property fund, with high quality anchor tenants, for wholesale & retail investors.
Russell borrows best ideas for new concentrated equities fund
Russell Investment Group has brought to Australia a unique equities fund strategy which takes its overweight positions from the stock selections of other managers in its multi-manager lineup.
JUST watches Finsuper/STA merger before deciding its future
The board of JUST Super, the journalists and entertainers fund, will study the merger of Finsuper with STA/ARF before deciding on whether to consider going down the same route, according to the fund’s chair, Gerard Noonan, who was awarded the Trustee of the Year at last week’s CMSF conference.
Praemium to spend $10 million conquering the UK
Praemium intends to use $10 million of the $18 million it hopes to raise in its initial public offering to fund its expansion plans in the UK. According to the Praemium prospectus, the portfolio administration provider has made presentations to over 50 UK firms and has received expressions of interest from a number of them.
