State Super is building its inhouse team, appointing former AMP Capital chief investment officer, Mark O’Brien, to general manager of investments. In a move that echoes a rising industry trend of hiring outside the sector, State Super’s chief executive, John Livanas, says industry silos are being broken down and it’s a good thing for the … Read more
Industry funds are taking to social media engagement, but an aversion to risk and leaner resourcing means Australian funds still lag behind other countries. An analysis of the social media footprint of 34 super funds shows that only approximately one-third of funds have a searchable social media presence, with levels of engagement varying significantly. “There’s … Read more
At the recent Conexus Financial Fiduciary Investors Symposium Chair Forum on the Mornington Peninsula, Sandy Grant, chair of Care Super, spoke to IM Online about super fund reforms.
The general framework for occupational pension plans can be described as intra- and intergenerational hybrid pension plans, with risk-sharing mechanisms between members and with sponsors. We define the degree of hybridity of a pension plan as the extent of risk sharing with the sponsor. At one end of the spectrum lie traditional defined-benefit (DB) funds, … Read more
When Nicholas Allen, the friendly new face of fund manager Eaton Vance, bumped into me in the street and asked me if I had been behaving myself, he didn’t know the half of it. Sadly, Nicholas and I were traveling in different directions as he assiduously expended shoe leather in the cause of his new … Read more
Infrastructure investor Industry Funds Management believes that 2013 could be a good year to invest in GDP-linked assets after significant investment in regulated assets in recent years. Kyle Mangini, IFM’s Melbourne-based head of infrastructure, says that valuations for GDP-linked assets, such as airports, seaports and toll roads are at an attractive point in the cycle, … Read more
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
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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.
