The industry fund rivals the retail giants of superannuation. How did it get so far and how has it changed? Ian Silk made AustralianSuper’s strategy clear when the fund announced its merger with AGEST Super on December 14, 2011. “AustralianSuper is determined to play a leading role in shaping the future of superannuation in this … Read more
It is casual Friday at Treasury Group. Its chief executive Andrew McGill is sans tie. Still, as befits a former investment banker and private-equity general partner, McGill, 44, has perfectly coiffured hair, cuff links from New Mexico and a black-faced Rolex given to him by his wife. McGill gives off more than a whiff that … Read more
On the 16th floor of Perpetual’s Sydney headquarters there are about a dozen people seeking to find ways to produce “further meaningful cost reductions” at the trustee and asset manager, says a person familiar with the matter who spoke on condition of anonymity. The cost reduction team, made up of about six people each from … Read more
James Crawford, a senior portfolio manager at AllianceBernstein, will leave the company at the end of next month. New York-based AllianceBernstein gave no reason for Crawford’s departure. Crawford, an asset manager in the firm’s value equity investment product, did not return calls seeking comment. The investment product that Crawford helps manage was originally a joint … Read more
The not-for-profit superannuation movement should promote the strengths of its representative trustee system amid criticism that it lacks independence and professionalism, CMSF 2012 heard. Steve Bracks, former Victorian premier and current chair of Cbus, said the representative trustee system not only delivered good oversight but also brought union and employer group officials with skills in … Read more
When Frenchman Pierre Jond’s daughters first arrived in Australia in January 2010 he took them to Bondi Junction. There his eldest tugged at her father’s sleeve to attract his attention. “Papa there are men barefoot and shirtless; aren’t the police going to do anything?” Jond laughingly recalls his daughter saying in French. Jond, like his … Read more
First Super, the $1.6 billion fund, has invited Tony Abbott to attend its board meeting in March or June to give the leader of the opposition experience of how employer-employee industry superannuation fund boards work. First Super co-chair Alan Stewart says the invitation to the opposition leader came about as a result of Abbott’s criticism … Read more
David Kivell has been managing director at Perennial Real Estate Investments for less than two months. But he has grand visions. Kivell, who oversees an investment team of 11 people that manages $1.4 billion in publicly traded or soon to be traded property stocks, wants to bolster funds under management to as much as $6 … Read more
For hedge fund manager David Hobart it’s all about getting one’s head in the right space. That means getting rid of “flawed and reactive” feelings that may interfere with objective investment decisions. Hobart needs to meditate, not in the conventional sense of sitting on the beach and, in his words, adopting the lotus position. What … Read more
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In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
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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.
