First State, State Super talking with Nick Greiner

First State Super and State Super, who together manage about $60 billion, are talking about the potential of investing in New South Wales infrastructure, says Nick Greiner, chairman of Infrastructure NSW. “The question is: how do you get superannuation funds to be early stage infrastructure investors,” says Greiner, who was NSW Premier between 1988 and … Read more

Perpetual hires Sandi Orleow, Jeremy Rolleston

Perpetual Investments has hired Sandi Orleow and Jeremy Rolleston to raise money for a new fund that will invest in multiple asset classes. Orleow, who left Towers Watson as head of private markets in 2009, will sell the fund by trying to tailor it to a superannuation fund’s investment objectives, says Richard Brandweiner, group executive … Read more

Insourcing, outsourcing costs not too different

Australian asset managers who manage about $500 billion say there is little difference in the cost between managing front to back office operations internally and outsourcing such functions, says SimCorp. SimCorp, which provides investment and portfolio management software, says it surveyed 40 organisations including investment managers and software companies and found that many asset managers … Read more

Bill Shorten’s tax changes for foreigners

Australia will implement the final element of an investment regime that aims to attract investment from foreign asset managers by excluding their Australian gains and losses from tax. The exemption will be restricted to foreign managed funds domiciled in countries recognised by Australia as engaging in effective exchange of information, says the office of Bill … Read more