While many hedge fund strategies are known
to be positively correlated both with each other and with the equities indices,
some have low or negative correlations, according to research to be released at
the upcoming Absolute Returns conference in Melbourne on September 8.
HOSTPLUS adds analyst, awards swag of mandates
The $7 billion HOSTPLUS has appointed a former asset consultant from Russell Investments as an investment analyst to assist investments chief Sam Sicilia, and awarded opportunistic mandates totaling $320 million to equity and credit funds managers.
CFS GAM restructure costs head BDM
The new managing director of Australia/New Zealand for Colonial First State Global Asset Management (CFS GAM), Joanna Davison, has overseen a restructure in which the head of business development has departed as the region aligns itself with the manager’s other territories.
Industry Super Network vs rating agencies: Chant speaks
The founder of super ratings agency Chant West said Industry Super Network’s call for fund-level performance data would not meaningfully compare industry funds with retail funds, and said the difference between the interim data used by the agencies and the final crediting rate demanded by ISN was “miniscule”. 
Tasmania’s $3.4 billion Retirement Benefits Fund has made a decision regarding the outsourcing of its member administration, with the chosen provider a big player in the defined benefit superannuation market. NGS Super weighs up CIO options
Non-Government Schools Super is deciding whether to directly replace Bill Dwyer, the manager of investments who departed the industry fund earlier this year.
Health Super creates governance role
Health Super has done what few other funds have, and filled a new role for a chief governance officer.
Cbus looks closer at risk on its table
With $3 billion in alternative assets, Cbus has begun searching for an investment analyst to monitor the hefty allocations, which account for almost one quarter of the fund’s capital.
Apostle hires offshore for client service role
Third party marketer Apostle Asset Management has hired a former employee of Renaissance Investment Management in the
UK to a client servicing role, and is looking to beef up its global equity
capability by expanding its fund manager line up.
Global macro correlations lower than other hedge funds – research
While many hedge fund strategies are known to be positively correlated both with each other and with the equities indices, some have low or negative correlations, according to research to be released at the upcoming Absolute Returns conference in Melbourne on September 8.
Climate change as an investment opportunity: where to look
Super funds should be ready to treat climate change as an investment
opportunity, not only an investment risk, according to one of the speakers at
the upcoming Australian Super Investment Conference, to be held on the Gold
Coast September 16-18.
