Superannuation funds invested in Wilshire Private Markets’ locally domiciled private equity funds-of-funds face long and complicated negotiations over the future of their holdings with the manager, which has seen many of its key staff resign recently.
Stronger RMB is 'bad news' for local equities
A renminbi revaluation is bad news for many local equities, Citi analysts have said, but active managers may be able to find a few bright spots. UniSuper's $100m start for internal funds management
The $25 billion UniSuper will ramp up its internal funds management capabilities, with four of its own portfolios set to be running by the end of the year, in conjunction with a project that will see its defined benefit and defined contribution sections adopt differing investment strategies for the first time.
No 'set-and-forget' for sovereign debt: Russell
Rising levels of sovereign debt mean that investors should rule out a passive exposure to government debt and actively manage the risks that come with increasing issuance, says Russell Investments. PRC2010 Sponsor Profiles
Challenger Financial Services Group Challenger Financial Services Group Limited is an ASX-listed investment management firm established in 1985, with offices in Sydney, Melbourne, Brisbane, Perth, Adelaide and London. It is a leading provider of listed and unlisted investment products and Australia’s foremost issuer of retail annuities and similar guaranteed products. Challenger’s APRA-regulated life company manages … Read more
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. 
