Australian super funds have the lowest allocation to bonds of any pension funds in the major markets, and among the highest allocations to equities and alternatives, according to the latest Global Pension Asset Study by Towers Watson.
New hedge fund mandates from Future Fund
The Future Fund has underscored the re-emergence of hedge funds, after two difficult years, with the new appointment of several international managers employing sophisticated investment strategies.
Harper calls for new inquiry into financial system
Professor Ian Harper, one of Australia’s most respected economists, will tell this month’s 13th Annual Investment Administration Conference that he would like to see another inquiry into the financial system, given the repercussions of the global financial crisis.
ANZ custody client picks Citi over JPMorgan
A global wealth manager which was using ANZ Custodian Services for custody and clearing of Australia/NZ assets has switched to Citi Global Transaction Services, despite the ANZ division being purchased by JP Morgan Worldwide Securities Services.
AvSuper picks manager for culled AllianceBernstein mandate
The $1 billion AvSuper has allocated the $50 million mandate it redeemed from AllianceBernstein to a high-conviction global equities manager. MTAA Super could rescue stricken MTAA
The executive director of the Motor Trades Association of Australia (MTAA Ltd), Michael Delaney, has admitted the body cannot continue in its current form following the resignation of the NSW Motor Traders Association in December, and has proposed it be rescued by the $6 billion MTAA Super, the buyer of MTAA Ltd’s secretarial services for which Delaney also acts as principal executive officer and fund secretary.
Face of UBS transition management moves on
The UBS Institutional Funds Group, which famously performed last year’s massive domestic equities transition for AustralianSuper, will soon have a new head following the incumbent’s promotion within UBS.
LGSS completes Chifley divestments, buys small-caps offshore
The $5 billion NSW Local Government Superannuation Scheme (LGSS) has cut all investment ties with Chifley Financial Services, the services provider it part-owns, after allocating a redeemed $50 million international small-caps mandate with Chifley to another manager.
Sponsors
Ausmaq is a specialist managed fund sub-custodian, administration service provider and fund data specialist. Our premium Fundstreme service currently administers in excess of $3 billion in wholesale managed funds on behalf of institutional clients. Ausmaq also holds a market leading position in pricing and information services through Pricestreme, the preferred source of wholesale fund valuation … Read more
IFM lures infrastructure talent from ING
Industry Funds Management (IFM) has recruited a new infrastructure associate into its London office.
Five Oceans starts with $50m for ‘Chindia’ fund
Global equities boutique Five Oceans Asset Management has been chosen to run a China- and India-themed fund offered by a Melbourne high-net-worth advisory, and has been supplied with an initial $50 million to invest. 
