Industry funds are maintaining a performance lead over their commercial master trust competitors but the gap is continuing to narrow, according to figures from Chant West.
Mega-merger partners clear board hurdle early
Would-be merger partners First State Super (FSS) and Health Super have already agreed the structure of the successor fund’s board, with the smaller funds’ directors appearing willing to sacrifice for the sake of member interests. HostPlus shuts two of 10 single manager options
The $8.3 billion industry fund, HostPlus, has closed down single-manager member investment choice options with AllianceBernstein and Bridgewater Associates – but for very different reasons.
FuturePlus seeks redundancies as fee cuts bite
FuturePlus, a service provider to the separate Local Government and Energy Industries super funds in NSW, is seeking 50 voluntary redundancies as it prepares for reduced fee income.
Mercer sounds new warning on global fixed interest
Mercer has sounded a further warning about allocations to global bonds and global credit in its latest dynamic asset allocation (DAA) report, putting both in the “overvalued” category.
Funds obstructing rollovers, says tech provider
Some super funds are requiring draconian amounts of paperwork to discourage members from rolling over to another fund, says technology provider Cuscal. Aussie investors ‘should get out more’: Urwin
Roger Urwin
Responsible investment buoys funds
Responsible investment is boosting funds’ bottom lines with core responsible investment (RI) portfolios rising 13 per cent in the last financial year.
New boss for CPG Research & Advisory
A former senior multimanager executive from IOOF has become the managing director of CPG Research & Advisory, replacing Simon Ibbetson at the asset consultancy.
AMP creates infrastructure mandate servicing role
AMP Capital Investors has attracted a well-known RREEF Infrastructure executive to a role servicing the separate accounts managed by Paul Foster’s Australasian infrastructure team.
IOOF pulls 16 mandates, signs two in big portfolio play
Steve Merlicek
Future Fund will need new private markets chief
The $69 billion Future Fund will shortly have a new boss for its $8 billion-plus private markets portfolios, following the incumbent’s decision to move on.
