The $2.5 billion ESI Super will merge with another Queensland industry fund by early 2011.
Wilshire investors seeking 'Continuity', look no further
Six of the biggest names in Australian unlisted investments, including three recently-departed executives from Wilshire Associates’ private markets division, have combined in the formation of Continuity Capital Partners, the June edition of Investment Magazine has revealed.
Super funds must lobby for preventive mental health
Group insurers are paying out up to $200 million a year for mental illness claims and much of this could be prevented through early intervention and treatment. Some experts estimate the on-costs and opportunity-costs reach $30 billion. This gathering of government, mental health experts, counselling services, super funds and group insurer CommInsure discusses funds’ successes and failures in early detection and prevention. Government participation is crucial, but it must be integrated, well-funded and aimed at prevention rather than high-cost emergency, hospital-based care
Mercer stiffens investments arms
Mercer is stiffening its investments arms with the appointment of a market business leader in Australia and a CIO for alt-alpha strategies in the UK.
GESB adds two to investment team
GESB, the $10.4 billion WA-based public sector fund, has added two people to its investment team.
City Super hands reins to acting CEO
City Super, the $1.4 billion Brisbane City Council fund, has appointed its CEO who has been acting in the position since October last year.
Rollover times set to plummet
The time taken for rollovers and contributions is set to drop from up to one month down to less than three days due to an e-commerce pilot with the Industry Funds Forum and Cuscal. Sunsuper snaps up secondary property deal
Sunsuper was one of many investors that bought into a $500 million direct property secondaries offering from another domestic institution in the past week and a half.
We take it all back: Russell re-insources super admin from IBM
Russell Investments has dramatically reversed its 2006 decision to outsource administration of its 220,000 super member accounts to IBM.
