National Australia Bank’s Asset Servicing business continues to win mandates from mid-ranking fund managers with the announcement of two new contracts with investment manager, Atrium Investment Management, and Fitzpatrick Private Wealth. NAB AS will provide administrative services to Atrium, a Sydney based multi-asset manager with just over $600 million in funds under management. Fitzpatricks is … Read more
The ASX-listed financial planning and funds management group, SFG Australia (SFG), has appointed the former head of investments for Zurich, Matt Drennan, as chief investment officer at Mosaic Portfolio Advisers. Mosaic is the portfolio construction and management arm of the SFG business, and produces investment products for SFG’s financial planning network, which includes Shadforth, Outlook … Read more
JP Morgan’s Australian head of custody sales, Bryan Gray, is anticipating a wave of custody reviews from superannuation clients in the second half of 2013, after funds navigate the transition to the MySuper regime. Yesterday JP Morgan was confirmed as the custodian for the $21-billion HESTA superannuation fund, which represents the health and community services … Read more
At the recent Conexus Financial Fiduciary Investors Symposium Chair Forum on the Mornington Peninsula, Michaela Healey, group executive of group governance and legal at National Australia Bank, spoke to Investment Magazine about board composition, sub-committees and take-outs from the conference.
Perpetual Investments major new hire, Michael Gordon, commenced his role as group chief executive for investments at the listed-funds manager this week. Perpetual has styled the appointment of Gordon, formerly chief investment officer at BNP Paribas Investment Partners, as the last piece in assembling its new leadership team, following the hiring of Mark Smith as … Read more
The unique governance structure of state government funds has led public sector fund Super SA to develop a new scheme in response to the Commonwealth’s Low Income Superannuation Payment (LISC). Introduced last year, LISC helps low-income earners save for their retirement, by refunding the 15-per-cent tax deducted from concessional contributions (salary sacrifice and/or employer contributions) … Read more
VicSuper and Australian Ethical Superannuation (AES) have both implemented a new FTSE after-tax benchmark for their Australian equity portfolios, which collectively amount to more than $2.4 billion of assets under management. The move signals a greater push among super funds to report after tax to investors, with a focus on the return after tax and … Read more
The critical political, social and economic circumstances in Europe are top of mind for many investors. Last month Conexus Financial, publisher of Investment Magazine, hosted a group of Australia’s leading investors to discuss the opportunities in European distressed debt. Investors were joined by guest Sir David Cooksey, former board member of the Bank of England, … Read more
Australia likes to boast about its well regulated financial and banking system, but out there in the shadows of the industry some strange things have happened. Firstly, the spotlight was on the so called “shadow brokers” – around 650 of them who trade the ASX and Chi-X markets through intermediaries and thereby avoid regulation from … Read more
It’s not “rocket science,” says Anne Ward, but QANTAS Super has a set of six guiding principles that it believes is guiding good governance and improving fund performance. The QANTAS Super mission statement, said Ward, is to be a “fund of choice” for QANTAS employees and their families, and while, as corporate fund, it may … Read more
With a scarcity of good local assets, property investors are increasingly looking at the UK and Northern Europe Australian property investors continue to be encouraged by valuations in the global market, with AMP Capital announcing its first US acquisition since the global financial crisis. The AMP Capital Global Direct Property Fund, which counts man key … Read more
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
