Super funds which sit alongside MTAA Super as defaults in motor industry modern awards have been approaching executives from the Australian Automotive Industry Association (AAIA), which broke away from the MTAA in May taking 80 per cent of the membership with it, trying to convince them to divert employer contributions away from the Canberra-based fund.
AustralianSuper tests possibilities of internal investment teams
AustralianSuper will seek an Asian investment specialist, the first to be employed by a local super fund, while a new ‘head of equities’ position may open the door for internal active management, chief investment officer Mark Delaney revealed exclusively to the September edition of Investment Magazine.
Tyndall insto head steps up
The head of institutional business at Tyndall Investment Management has left to take on a wider distribution role at another funds manager, as Suncorp continues to review the future of its asset management subsidiary.
Cost and delay of medical reports for group cover slashed
Two group insurers are using a technology which claims to cut the cost and turnaround times of doctors’ reports by one-third.
Fund executive turns asset consultant
The former chief of a $650 million corporate super fund will run the Perth office of CPG Research & Advisory, filling one of three vacancies created following its purchase by implemented consulting aspirant, Sigma Alpha International.
First chief investment officer for AMIST
The $1 billion Australian Meat Industry Superannuation Trust (AMIST) has hired its first chief investment officer.
Group therapy for hedge funds
Hedge fund managers based in Melbourne and Sydney are being given the opportunity to gather together in tough times.
Levinson transitions into top spot at Goldies
Mark Levinson has become head of the Goldman Sachs Partners transition management group, two years after joining the firm, following the departure of his predecessor.
Mercer SRI fund part of wider brief from Anglicans
The Anglican Diocese of Sydney has given Mercer a socially responsible mandate across a range of its implemented consulting portfolios, resulting in a new socially responsible Australian shares fund which is available to other clients.
Shane Oliver takes over New Zealand
AMP Capital Investors’ asset allocation and investment strategy team, headed by Shane Oliver, will take responsibility for the managers’ New Zealand diversified portfolios, resulting in one senior redundancy across the Tasman.
Ankura takes aim at low flying core–satellites
The success of the core–satellite approach in multimanager investing has been debunked by new research from domestic boutique Ankura Capital.
Big WA insurer tenders for custodian
For the first time in five years, a WA insurer with a $2.5 billion investment pool has put its custody contract out to tender, I&T News can confirm.
