The Federal Government must ensure that MySuper funds have a representative trustee model of governance so that members are ensured of maximum returns, said industry peak body AIST.
JPMorgan claims tri-party sec lending first
JPMorgan Treasury & Securities Services has completed what it claims is Australia’s first tri-party securities lending transaction, allowing the borrower to post securities as collateral instead of cash – something only previously facilitated, on a bilateral basis, by National Asset Servicing.
Plato recruits from SSgA, unleashes dividend-yield philosophy
Plato Investment Management has lured a regional equities chief from State Street Global Advisors (SSgA) as it makes its case against passive high-dividend yielding strategies.
Towers Watson’s Military coup
Towers Watson has displaced Strategic Capital Management (SCM) as the main investment consultant to the $3.3 billion MilitarySuper, with SCM continuing to advise on specific areas, according to the fund’s chair, Tony Hyams (pictured). Heavyweight tapped for Wilshire renewal
Wilshire Private Markets has gone out of its way to appease Australian investors rocked by the exodus from its Asia-Pacific business earlier in the year, appointing a well-known private markets investor to replace Ovidio Iglesias at the helm of its advisory and fund-of-fund activities in the region.
Industry funds cling to performance lead
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.
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.
