Qantas Superannuation Ltd. has sold its 50 per cent stake in Constellation Capital Management Ltd. to the management of the $700-million Australian stock fund manager for an undisclosed amount.
Bennelong hires Tara Bell as relationship manager, Kardinia Capital keen to grow
Bennelong Funds Management Ltd. has hired Tara Bell as a client relationship manager for its five fund management companies which manage about $2 billion.
Commonwealth Superannuation Corp. hires Peter Carrigy-Ryan as CEO
Peter Carrigy-Ryan, the former chief operating officer of Australian Reward Investment Alliance, has been hired as chief executive of the $24-billion Commonwealth Superannuation Corp.
Platypus, Altius wary of stocks, bonds; Australian Unity likes office property
Simon Bonouvrie, portfolio manager of Platypus Asset Management, an Bill Bovingdon, chief investment officer of Altius Asset Management, are wary of volatile stock and bond markets.
Hazel McNeilage will quit QIC by year end
Hazel McNeilage, the head of funds management at the $60.2 billion Queensland Investment Corp., will leave by year end and possibly go back to New York.
Ryan fights age-old prejudices
Susan Ryan is putting everyone on notice that age discrimination is prejudice. Her mission for the next five years is to expose offenders and reward those working for its eradication. Ryan, who recently became Australia’s inaugural age discrimination commissioner, had first-hand experience of prejudice early in life. As a student teacher, she became engaged to … Read more
New board ends MTAA Super’s rocky road
Pressure from the superannuation regulator, the Australian Prudential Regulation Authority (APRA), has forced MTAA Super to change its board structure. The $6 billion industry fund formerly had four employer and four member representatives as well as an independent chairman. It will now have three employer and three member representatives and three independent directors. Bob Allen, … Read more
Super’s success is not guaranteed
Jack Gray has been a contrarian voice as superannuation marks 20 years of existence. The academic and company director has criticised the industry for its migration away from a defined benefit system. Meanwhile, Pauline Vamos, CEO of ASFA, paid tribute to both Labor and Coalition Governments and their recognition of the “desirability, indeed the necessity, … Read more
September 2011
In this Month’s Investment Magazine Hedge FOFs Vs Consultants Special Fix in Superannuation The activism of Ian Robertson Views from the world’s end
CareSuper CEO Julie Lander hopes merger will be completed next year
Julie Lander, chief executive of the $4.6 billion superannuation fund CareSuper, says she is hopeful a merger with AssetSuper will be approved by the two funds’ boards by year-end, and completed in 2012.
AvSuper hires Scott Malpass as its first investment officer
Scott Malpass, a former aircraft engine and airframe technician for the Royal Australian Air Force, has been hired by AvSuper as its first investment officer. He begins work tomorrow.
FRM’s Richard Keary: some Australian hedge funds lack infrastructure
Australian superannuation funds don’t place much money with local hedge funds because their size may overwhelm the funds and some hedge funds lack the infrastructure to satisfy a fiduciary investor.
