Group insurers are paying out up to $200 million a year for mental illness claims and much of this could be prevented, according to Australian Of The Year and mental health advocate, Patrick McGorry.
JANA consultant poached to run client’s private equity book
The $10 billion Telstra Super has hired a private equity specialist from its asset consultant, JANA Investment Advisers, to manage its private equity portfolio as it recovers from the loss of former alternatives head Nicole Connolly.
US hedgie takes big strategic role at CBA
The Commonwealth Bank has appointed the former operations chief of a $2 billion Lehman Brothers-owned hedge fund to a senior strategy role overseeing its major wealth management businesses: Colonial First State (CFS), CFS Global Asset Management (CFS GAM) and CommInsure.
Wilshire to import US staff to keep Aussie business alive
Wilshire Associates will relocate two executives from its US business in an attempt to shore up its Australian private equity fund-of-fund operation, following the departure of its founder and other key staff who secured commitments from an array of superannuation funds.
Pengana snaps up former MIR operations chief
Boutique funds manager Pengana Capital has appointed the former chief operating officer of MIR Investment Management to a role supporting director and COO Katrina Glendinning.
No better time for post-retirement industry gathering
As speculation about the future market for lifetime annuities intensifies, the author of a pivotal recommendation to the Henry Review will present at an upcoming conference on post-retirement products.
New chapter in MTAA Super saga
The trustee of MTAA Super will directly employ its secretariat staff for the first time, as the fate of previous secretarial provider MTAA Ltd is shaped by a national meeting of motoring associations later this month, while the future of both organisations’ founder and boss, Michael Delaney, remains the subject of intense speculation.
Patrick McGorry's plea to group insurers
Group insurers are paying out up to $200 million a year for mental illness claims and much of this could be prevented, according to Australian Of The Year and mental health advocate, Patrick McGorry. JANA consultant poached to run client's private equity book
The $10 billion Telstra Super has hired a private equity specialist from its asset consultant, JANA Investment Advisers, to manage its private equity portfolio as it recovers from the loss of former alternatives head Nicole Connolly.
Hazel signs on at QIC…literally
Hazel signs on at QIC…literally As the global head of sales for Principal Global Investors, Hazel McNeilage was a high-profile hire for Queensland Investment Corporation late last year. But her reputation doesn’t precede her with everybody at the organisation. Meeting in the reception area of QIC’s Sydney office for an interview with the new head of funds management last month, Unbalanced was tickled to see the girl at the front desk insist that McNeilage sign in – and sign out when she left too, if she wouldn’t mind. Despite it being her third visit to the Pitt Street outpost, McNeilage admirably resisted any Belinda Neal-style “don’t you know who I am?”, and humbly signed in for access to the workplace of which she is now 2IC.
What’s wrong with our balanced approach?
Born out of the establishment of the industry super fund movement in the late 1980s, the Conference of Major Superannuation Funds (CMSF) celebrated its 20th anniversary last month. In this edited address to conference delegates, AIST CEO Fiona Reynolds outlines some of the major economic and social challenges facing Australia’s retirement incomes system and the $450 billion not-for-profit super sector.
Hedge funds down but investor interest up
Australian hedge funds [including offshore hedge funds offered to Australian investors] reported minus 1.14 per cent on average for the month of January 2010. Equity based hedge funds outperformed their long-only rivals that were hammered by the 6.18 per cent per cent drop in Australian equity markets. Australian long/ short equity hedge funds were down 2.45 per cent while market-neutral equity hedge funds reported a positive 0.08 per cent in January.
