Steve Merlicek
Steve Merlicek will control up to $15 billion in multi-manager portfolios when he arrives at IOOF Holdings, after resigning from his long-held position as chief investment officer with the $10 billion Telstra Super.
Licence to sit in rearranged Principle's office
Private equity placement agent Principle Advisory Services has hired former Deutsche Asset Management institutional boss Ken Licence as an executive director, among a number of ownership and personnel changes which will also see Les Fallick step down as managing director.
Fortitude’s moves to get more capital
As funding from its major clients – offshore hedge fund-of-funds (FoFs) – continues to dry up, domestic hedge fund Fortitude Capital has begun canvassing ways of garnering more capital from investors in its home market.
Stock-pickers get TWUSUPER nod in Oz equities overhaul
The $2 billion TWUSUPER favoured stock-picker funds managers in the latest restructuring of its Australian equities portfolio.
Aussie Super parts ways with Comminsure, goes online for group
AustralianSuper will introduce online underwriting and claims assessment as part of a $600 million group insurance deal which has put an end to the fund’s long-standing relationship with Comminsure, with Tower Australia pipping the incumbent and Metlife for the contract to provide death, disablement and income protection insurance for 1.4 million members.
ANZ Staff Super hires Mercer for admin…
Mercer is in the process of hiring 120 new positions across its outsourcing business to cater for a flurry of new super fund clients in recent months, including the $2 billion ANZ Australian Staff Superannuation Scheme which yesterday announced it had switched from Russell Employee Benefits to Mercer for administration and member services.
MAP appoints Bennelong in ongoing portfolio review
Scrapping mandates with two large institutional managers, the superannuation and Australian equity multi-manager products run by the $300 million MAP have both allocated $10 million to the boutique Bennelong Funds Management.
Telstra Super loses CIO
The chief investment officer of the $10 billion Telstra Super is understood to have resigned from the fund on Friday to take a senior position at a large Melbourne-based retail funds manager.
