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.
Sales stalwart departs DST after 16 years
One of the architects of DST International’s domination of the institutional investment systems market has left the company after 16 years.
SMSF trustees forced to invest outside super
Having largely escaped the wrath of the Cooper Inquiry, the SMSF market, led by its representative body, has started to flex its muscles with a call for higher caps on superannuation contributions.
CFS GAM takes charge of $5 billion offspring
The Commonwealth Bank has confirmed the investment arm of its New Zealand subsidiary will be absorbed into the Colonial First State Global Asset Management (CFSGAM) business by July 1.
Tussle for 22 bil under custody commences
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.
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.
