The $520 million Combined Fund feels no impetus to merge as a bigger fund may not provide the same quality of service its 10,000 members currently enjoy, says the fund’s independent director Brett Lazarides.
Towers Watson replaces Mercer
AMP Capital Investors’ Future Directions funds and Responsible Investment Leaders Funds have dumped Mercer as their asset consultant.
ASX may extend trading hours
ASX Group is examining its traditional trading hours in response to global changes and may extend them, says Richard Murphy, the ASX’s general manager of equities.
Steve Keen: super funds inflating a bubble
Superannuation funds have “gambled” and played a role in driving asset prices to unsustainable levels, exposing their members to a bubble that may take decades to deflate, says the academic Steve Keen.
Sydney Uni explores its alternatives
The University of Sydney’s $800 million endowment fund is exploring boosting its investment in so-called alternative investments, such as private equity, in an effort to garner 8 per cent annual returns.
AIST awards recognise excellence
NGS Super was awarded several prizes by the Australian Institute of Superannuation Trustees in the AIST Awards for Excellence, announced on November 24.
Hedge Funds: Gillard key to expansion
Foreign hedge funds such as CQS are awaiting the Gillard government’s new investment management regime before deciding on whether to expand in Australia.
Dean Paatsch criticises share placements
Dean Paatsch, the co-founder of corporate governance firm Ownership Matters, says the share placement process is rife with conflict.
Leeanne Turner new CEO of MTAA Super
Leeanne Turner is the new chief executive of the $6 billion Motor Trades Association of Australia Superannuation Fund Ltd.
Sunsuper invests $600 mln in emerging markets
Sunsuper, the $19 billion fund, has boosted its investment in emerging markets by allocating $600 million to three equity fund managers from the U.S. and the U.K.
Super increase passes lower house
Australia’s House of Representatives has passed a measure to increase compulsory superannuation to 12 percent. The Senate will debate the bill today.
Alleron may cap fund at $5 billion
Alleron Investment Management, which recently received a $440 million mandate from AustraliaSuper, says it may not want to manage more than $5 billion as its clients returns may suffer.
