Custodians are facing off for the right to provide custody and administration to a $22 billion Australian funds manager, and for once they won’t be trying to wrest the business from one of their rivals.
UniSuper wires $300m into global tech
UniSuper has invested $300 million in a global technology mandate as an alpha-seeking play to complement its indexed exposure to large-cap equities in developed markets offshore.
Rock on: Orbis analyst to set up shop
Brett Rock, a six-year veteran of 2010’s top performing Australian equity manager, Orbis Australia, will leave to establish a “true contrarian” boutique.
Let's work together…quickly: Stronger Super chair
The chair of the Stronger Super Committee, Paul Costello, said the time for ideological argument was over and the industry should work constructively to implement the Government’s response to the Cooper Review, a report on which he will hand to the Treasury as early as May.
Local Govt Super to ‘index’ for itself
The $6 billion NSW Local Government Super (LGS) plans to manage an international equities portfolio internally from next month, using a systematic enhanced indexing methodology that may eventually allow it to replace active managers.
AMP Australia to manage Kiwi property empire
AMP Capital Investors Australia looks set to take over the management of about NZ$3 billion of property assets after the New Zealand business dumped two more senior executives.
Equities headwinds to hit funds as boomers divest
Super funds would meet strong headwinds in the next 10 to 15 years as baby boomers retired and moved away from equities as income sources, said Schroders’ CEO, Greg Cooper.
Funds chief goes in OnePath rethink
The ANZ-owned wealth management group OnePath NZ has shaken up its leadership structure losing two senior executives in the process.
Frontier is where the action is
Both debt and equity in emerging and frontier markets should be targets in 2011 for investors looking for undervalued growth and high quality companies, according to Investec Asset Management.
UniSuper de-scales private markets team
UniSuper’s private markets chief, Gautam Rajamani, has exited the fund in a restructure that has seen its private equity and infrastructure assets delegated to a newly appointed head of unlisted investments.
Former ING IM deputy resurfaces
Six months after being restructured out of ING Investment Management, Martin Donnelly is back, running business development and client relations for the local arm of a New York-based private equity giant.
