BlackRock Investment Management (Australia) Ltd. will manage 45 per cent of VicSuper assets after the not for profit Melbourne-based fund gave it $3.8 billion to manage.
Greiner: super funds wary of infrastructure
Two New South Wales superannuation funds are speaking with Nick Greiner as the chairman of Infrastructure NSW puts together a 20-year infrastructure plan for Australia’s most populous state.
Australian fund managers must innovate
The $1.8 trillion Australian fund management business must embrace innovative investment products if they are to provide investors with adequate returns, says the former head of strategy at the Future Fund.
Ipac’s Jeff Rogers: “fear is dominant”
Fear is trumping greed in global markets, says Jeff Rogers, chief investment officer of Ipac which manages about $12 billion in assets.
Combined Fund feels no impetus to merge
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.
