Master trust marketers have had a busy Christmas, scrambling to respond to a BHP Billiton tender which is likely to see the resources giant consolidate its four superannuation funds, which are at present outsourced to four different external trustees.
AMP CI overhauls Capital Approach
AMP Capital Investors has overhauled its Australian equities Capital Team, which manages $2 billion, replacing three of its members.
Bennelong continues putting band back together
It’s taken eighteen months, but the Bennelong Australian Equity Partners (BAEP) boutique has added a sixth former ING Investment Managment staffer to its ranks.
Why this is the year of ‘emerging Asia’ – Pain
Jonathan Pain, respected investment consultant and former funds manager, says 2011 is the year for the emerging Asian nations, predicting investors will be cautious in investing in the European market and suggesting instead that the emerging Asian nations will be investors’ best choice in the year to come.
Citi goes live with Milestone’s pControl
Citi has gone live with Milestone’s unit pricing and valuation platform, pControl, in the latest move to improve funds management industry administration efficiencies.
Change at the top of Lonsec may signal shake-up
In a move which may herald a shake-up in the retail advisory market, Norm Graham, the long-term managing director of Lonsec, quietly exited the business towards the end of last year.
NZ Super goes with NY women’s quant shop
New Zealand Super, the NZ$17.6 billion ($A13.4 billion) sovereign pension fund, has appointed a new quantitative manager for in global equities.
Chinese law firm hires Aussie quant for risk advice
Academic and former funds manager Frank Ashe has joined a leading Beijing-based law firm as specialist risk management consultant.
REST changes custodian after 18 years and 14 long months
Australia’s biggest super fund by membership, REST Industry Super, has switched its custodian after an 18-year relationship and a review which lasted about 14 months.
Cooper speaks at post-retirement conference
Jeremy Cooper will be the keynote speaker at ‘Investment Magazine’s’ conference on post-retirement solutions for super funds on Thursday March 10 in Melbourne.
Share surge gives funds a happy Christmas
Surging share markets in December, both in Australia and overseas, have contributed to the strong results for Australia’s super funds over the past six months revealed in the final figures for 2010 from SuperRatings.
