J.P Morgan’s backoffice triumph at OnePath (nee ING Australia) is complete, with the transfer of the servicing contract for a $10 billion slice of the business being announced to stakeholders last week.
No pay-per-deal for KPMG consulting arm
KPMG’s new real assets consulting business, aimed squarely at superannuation funds, will not be incentivised to originate deals for clients but will instead advise them on the many implementation and governance factors surrounding transactions, James O’Leary, head of KPMG Investment Consulting, said.
Super Cheap Super – Funding Retirement at Bargain Costs
Just over two years from now, the first MySuper vehicle is scheduled to roll down the gangway, and swallow up all the default members of whichever super fund has created it. In building the vehicle, however, many stakeholders worry that ‘low-cost’ will have been too much of an imperative. Where will these cost savings have come from? Talk to member administrators or group insurers today, and they’ll tell you that they have no fat to spare. So funds management costs seem to be the obvious target for this new austerity. MICHAEL BAILEY and SIMON MUME report on how a ‘race to the bottom’ on costs may affect the institutional investment industry. Global equities golden child stumbles
A Chicago-based global equity manager which has raised roughly $4 billion in Australia since 2006, remarkably without any local marketing presence, faces review from local supporters like JANA following the departure of the founding chief investment officer and two portfolio managers.
Deep value, deep turnover at GMO
Olivia Engel
Zurich gets ex-BlackRock dealer group deal-doer
Zurich’s revamped investments team has secured the services of a BlackRock researcher and platforms relationship manager who resigned last year.
Record turnout for CMSF’s 21st
The Conference of Major Superannuation Funds (CMSF) is turning 21 at a time of unprecedented change for the industry, so it’s no surprise a record number of delegates will attend – but service providers need to hurry if they haven’t registered yet.
Australian funds lose marks for disclosure
The Australian funds management industry has once again been judged mediocre by research house Morningstar in its latest global comparison study.
Record turnout for CMSF's 21st
The Conference of Major Superannuation Funds (CMSF) is turning 21 at a time of unprecedented change for the industry, so it’s no surprise a record number of delegates will attend – but service providers need to hurry if they haven’t registered yet.
