Up to one-third of Australians will not be home owners when they retire. Tis Australian dream-turned-nightmare will force super funds to profoundly re-think their strategies and communications with members.
Staunch Opposition in the face of reform
As superannuation reforms are assessed by the industry and advocated to the public, the Federal Opposition has been absent from the debate. Until now. In an exclusive roundtable convened by Investment Magazine and supported by Fidelity International, Joe Hockey and Mathias Cormann respond to the Government’s plans for super. Back in 1992, an Act of … Read more
Senator Mathias Cormann speaks to Simon Mumme
Senator Mathias Cormann, Shadow Minister for Financial Services and Superannuation, speaks to Simon Mumme, Investment Magazine editor, about superannuation and the opposition’s position on the governments financial services reform. The interview took place at a recent roundtable conference on financial services in Sydney.
Sevior wants to stay at Perpetual
John Sevior, the 17-year Perpetual Investments veteran on a six month sabbatical, wants to stay.
Ian Webber returns with big U.S. manager
Ian Webber, who marketed Axa Rosenberg funds to domestic institutional investors until August 2010, will soon represent a $US50 billion funds manager in Australia.
UBS’s Heap faces tough decisions as business expands
Ben Heap, head of UBS Global Asset Management in Australia, has some tough decisions to make.
Burns quits Integrity, Fiani seeks replacement
Shawn Burns, who faithfully followed Paul Fiani to Integrity Investment Management from UBS, has quit the firm.
Sisson envisages spending rest of career at Templeton
Andrew Sisson, who sold his Balanced Equity Management to Franklin Resources Inc. on June 21, said he expects to spend the rest of his career at the $735 billion asset manager.
Dimensional gets $165 Million from LUCRF
Labour Union Cooperative Retirement Fund (LUCRF) has allocated $165 million to Dimensional to invest in two of the Austin, Texas-based firm’s funds.
Pengana changes tact in tough market
Pengana Capital will stop marketing standalone funds to institutional investors.
Avoca, new fund, seeks $170 million in two years
Former UBS AG fund managers John Campbell and Jeremy Bendeich hope to raise as much as $170 million in two years for their Bennelong Avoca Emerging Leaders Fund.
Colonial, LGS differ on carbon risk management
(A correction to this article was made on July 5, 2011)
Colonial First State Global Asset Management, which manages about $152 billion*, says funds should wait for government regulations before starting to hedge carbon risks.
