NSW State Super has abandoned plans to sell the State Super Financial Services financial planning business, instead buying Australian Reward Investment Alliance out of its 22.5 per cent stake, and seeking to revamp the business to exploit a “post-Cooper world”, according to State Super chair, Don Russell.
…as Watson Wyatt rains on Russell’s ETF parade
Just as one of the world’s major consulting and multimanager groups is about to launch Australia’s first active exchange-traded funds (ETFs), an arch-rival consulting firm has questioned the attractiveness of the investment vehicle for institutional investors.
Merli-click:Telstra Super CIO exclusive tops I&T News’ 2009 charts
When Steve Merlicek unveils his new investment team at IOOF, as he is expected to do soon, it will be a well-read story on I&T News if the former Telstra Super CIO’s track record is anything to go by.
Chris Cuffe's Christmas cheer
Chris Cuffe’s Third Link Growth Fund outperformed its benchmark by 23.7 percentage points in the year to November, lifted its funds under management by 75 per cent and was able to pay over to charities about $40,000 a month via his association with the Social Ventures Australia (SVA) group. …as Watson Wyatt rains on Russell's ETF parade
Just as one of the world’s major consulting and multimanager groups is about to launch Australia’s first active exchange-traded funds (ETFs), an arch-rival consulting firm has questioned the attractiveness of the investment vehicle for institutional investors.
Merli-click:Telstra Super CIO exclusive tops I&T News' 2009 charts
When Steve Merlicek unveils his new investment team at IOOF, as he is expected to do soon, it will be a well-read story on I&T News if the former Telstra Super CIO’s track record is anything to go by.
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CFS GAM hires new face for insto business
Colonial First State Global Asset Management (CFS GAM) has ramped up its campaign to attract wholesale investors, with Australia/NZ managing director Joanna Davison creating a role running institutional marketing and communications, and filling it with a former Vanguard executive.
The tenders that could put $6bn up for grabs
Warren Chant and Deloitte’s Wayne Walker are each currently running big corporate superannuation outsourcing reviews, both of which have claims on being the most important ever done in Australia.
Facebook wins the day for HESTA
An innovative marketing campaign involving Facebook Advertising has seen HESTA Super take out AIST’s platinum Communications Award at the Institute’s annual awards for excellence.
End of an era at NAB as Liddy departs custody, again
Patrick Liddy has left NAB Asset Servicing where he has worked as head of sales and marketing, apart from a short spell in transition management, for most of the past 14 years.
ING taps Taiwan for new CEO
ING Investment Management Asia/Pacific has appointed Steven Billiet as chief executive, replacing David McClatchy who leaves at the end of the month.
