Asset Super, a $1.6 billion multi-industry superannuation fund, says it is not in any hurry to merge.
State Street’s Robert Goodlad sees appetite for stocks
State Street’s senior managing director in Australia Robert Goodlad says investors are “cashed” up and looking to invest in local stocks.
BNY Mellon Asia CEO Alan Harden seeks Australian retail investors
BNY Mellon Asset Management Asia Chief Executive Alan Harden says he is “more bullish on China than the commentary” and with his Australian colleague Bruce Murphy is seeking to build retail product the company can offer to individual investors.
Carlyle targets super funds with first Australian sales hire
Carlyle, the global private equity firm, has hired Natasha Nankivell from Macquarie Group as its first Australian sales person.
Andrew Sisson pays $5.2 million for a Correggio
Andrew Sisson found himself “sucked in more and more” into the art world as trustee of the National Gallery of Victoria. So much so that he spent $5.2 million of his own money to buy for the gallery the first Correggio painting to go on sale in half a century.
Sam Macqueen: funds have outgrown stock markets
Superannuation funds and fund management companies that own significant stakes in companies have outgrown stock markets, says Sam Macqueen, the head of Liquidnet in Australia.
Platypus hires academics to study Australian corporate governance
Platypus Asset Management, which has garnered 12 per cent annual net returns since its inception 13 years ago, has commissioned a study by academics to analyse corporate governance and the value premium.
Colonial seeks US$5 billion for new bond fund
Colonial First State Global Asset Management will have a team of five managing an emerging market bond fund that will invest in sovereign and corporate debt.
Cbus, Professional Associations Super looking for merger opportunities
Construction and Building Industry Super is looking to merge with other funds to meet changing demographic demands and regulatory changes designed to lower costs.
MTAA CEO Michael Delaney to quit in November
Michael Delaney, the former private secretary to Gough Whitlam, will retire as chief executive of MTAA Super in November, after 22 years.
Palisade buys Tasmanian gas pipeline
Palisade Investment Partners has acquired the Tasmanian Gas Pipeline from WestNet, a former Babcock & Brown company, for about half of its $400 million construction cost.
Patrick Fanning leaves Citigroup’s joins JPMorgan; Jim Kerelas joins ConvergEx
Patrick Fanning, a director at Citigroup Inc.’s transition management team in Australia, has left the company to work for rival JPMorgan Chase & Co.
