Compulsory superannuation contributions should be raised to 15 per cent and there will be fewer fund managers working in the industry, says Greg Cooper, chief executive of Schroder Investment Management Australia Ltd.
Christian Super: “one of our values is making money”
A clarification to this story was issued on August 3, 2011.
On the walls of Christian Super’s office in Rhodes, Sydney, a poster proclaims it to be “investing your superannuation ethically for a better world”.
Geoff Wilson says end of financial planner commissions will boost listed funds
Geoff Wilson, founder of Wilson Asset Management (International) Ltd. that manages $305 million in three funds listed on the Australian Securities Exchange, says the expected end of financial planner commissions will prompt more investment in listed funds and exchange traded funds.
Fidelity net fund flows $443 million in year to March
FIL Investment Management (Australia) Ltd. had $443 million of net fund flows in the year to March 31.
Towers Watson hires three analysts, seeks researcher
Towers Watson has hired three investment analysts for its Sydney office. The asset consultant is also searching for a researcher who will focus on Australian equity fund managers.
Michael Bargholz resigns as CEO of AllianceBernstein in Australia, New Zealand
Michael Bargholz has resigned as chief executive of AllianceBernstein in Australia and New Zealand after almost 11 years with the firm.
Russel Pillemer sees Pengana managing $2 billion by 2013
Russel Pillemer, chief executive of Pengana Capital Ltd., says by 2013 the firm aims to manage $2 billion in funds under management, up from $1.5 billion at present.
Bennelong hire Mark Burgess, Kristiaan Rehder from Herschel
Bennelong Funds Management, the Melbourne-based boutique funds management company with $1.8 billion under management, has enticed Mark Burgess and Kristiaan Rehder from competitor Herschel to manage its second hedge fund.
QSuper’s Quest
QSuper is reinventing itself. On the eve of marking a century, the $32 billion superannuation fund for Queensland public sector workers has new investment beliefs and a strategy that is purposefully different from those of its peers. In its dynamic pursuit of risk factor exposures, it aims to break the straitjacket of investment benchmarks that … Read more
QSuper's Quest
QSuper is reinventing itself. On the eve of marking a century, the $32 billion superannuation fund for Queensland public sector workers has new investment beliefs and a strategy that is purposefully different from those of its peers. In its dynamic pursuit of risk factor exposures, it aims to break the straitjacket of investment benchmarks that … Read more
Gary Mulcahy on the prowl
Gary Mulcahy, chief executive of NabInvest, wants to take stakes in an infrastructure and a global fixed income fund as the unit of National Australia Bank Ltd. seeks to double its assets to $90 billion.
IRESS’s Andrew Walsh says Chi-X’s entry will accelerate market change
Andrew Walsh, managing director of Australia’s dominant share information and trading system IRESS Market Technology Ltd., says the entry of a second trading venue may attract other venues and further emphasise trading technology and order execution speed for fund managers and brokers.
