WorkCover SA and Suncorp in New Zealand have signed National Australia Bank (NAB) for custodial services following recent tenders. NAB and fund administrator MMc Ltd gained Suncorp’s New Zealand business, which provides general and life insurance, banking, superannuation and investment services, in a strategic partnership, according to a June 27 NAB statement. NAB, which is … Read more
Global transfer agency and wealth-management software provider Bravura has announced that asset consultant Russell Investments will use its Sonata software solution on its new retail wrap offering. The global asset consultant recently launched its Russell iQ suite into the retail wrap market, with the platform allowing retail clients and advisers to invest directly in Russell’s … Read more
Ascalon Capital Managers’ head of investments, Nelson Lam, is to leave the business to join partner H3 Global Advisors as chief operating officer. Lam will join H3 on July 16. Ascalon’s head of boutique partnerships, Jason Collins, says Lam had been “intimately involved with H3” for a number of months and will join the business … Read more
Russell Investments plans to rank managers quarterly on their after-tax performance, with the results informing the consultant’s manager-selection decision-making processes. Raewyn Williams, Russell’s director of after-tax investment strategies, says the consultant has launched an after-tax benchmarking survey, which it sent out to more than 110 Australian equity managers this week. The survey aims to provide … Read more
Robin Solomon will lead the Asia-Pacific business of Mercer Sentinel following a seven-month period in which six staff members, including principals and senior associates, exited. Solomon, a Sydney-based principal with the investment operations consultancy, will replace Lounarda David, who led Sentinel for 13 years before leaving in late April, as new hires are made to … Read more
Listed wealth-management firm Perpetual has started a global executive search to fill the newly created position of group executive, investments, to oversee the firm’s Australian-domiciled investment-management teams. The position has been created as part of the Transformation 2015 program, which is designed to cut $50 million from the company’s cost base by the start of … Read more
The Australian dollar is as much as 30 per cent overvalued and Australian investors should consider their currency exposures on the back of slowing growth in Asia and falling demand for commodities, says the global head of currency management at State Street Global Advisors (SSGA). Boston-based senior managing director Colin Crownover says SSGA’s analysis indicates … Read more
So-called alternative hedge-fund beta allows investors to gain the returns generated by hedge-fund strategies without the pressures of finding alpha, says Fama family professor of finance at the University of Chicago Booth School of Business, Tobias Moskowitz. Moskowitz says there are three components to hedge fund returns: alpha, or the unique skills of managers; broad … Read more
CareSuper and Asset Super will merge into a $6.4-billion superannuation fund on October 26 this year after keeping tax credits worth more than $30 million. The funds’ initial plan to merge on June 30 was stalled amid uncertainty that the federal government would not allow merging super funds to offset capital gains tax (CGT) losses … Read more
The $6-billion Qantas Superannuation Plan has hired Chris Grogan, the former acting-general manager of investments at WorkCover Authority of New South Wales, to reduce the costs of investing. Grogan and Matt Wacher, who joined the fund in February from Russell Investments, are responsible for limiting foreign exchange and tax losses and improving the fund’s risk … Read more
Some of the most dangerous risks that investors face today are reported in news headlines. Underpinning stories about Greece’s potential exit from the shared euro currency and anaemic United States economic growth is a key theme that Patrick Farrell and his investment team use to oversee $9.8 billion in multi-manager funds at Advance Investment Solutions. … Read more
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
