The $28 billion Australian Super is considering its options for providing financial advice to members, including employing salaried financial planners, as part of a project launched in response to ASIC’s simple advice relief.
LUCRF flags decrease in Aussie share allocation
The LUCRF industry fund has almost completed an overhaul of its Australian equity portfolio, but has flagged a decrease in its size relative to the international shares portfolio, itself about to be formally reviewed.
New ANZ Infrastructure owners to staff up
The sale of the ANZ Infrastructure Services (ANZ IS) business has been completed, and the new owners, which include asset class pioneers Mike Fitzpatrick and John Clarke, are looking for two additions to the investment team.
Australian ‘fundamental’ index introduced
Fundamental indexing has received a fillip with the launch of a FTSE index that weights 200 Australian stocks according to the Research Affiliates methodology, which ignores price to focus on ‘fundamental’ factors such as book value, revenue and cash flow.
Australian 'fundamental' index introduced
Fundamental indexing has received a fillip with the launch of a FTSE index that weights 200 Australian stocks according to the Research Affiliates methodology, which ignores price to focus on ‘fundamental’ factors such as book value, revenue and cash flow.
Senior Macquarie Funds Management figure jumps ship
A senior figure in Bruce Murphy’s distribution team at Macquarie Funds Management has jumped ship, joining a global asset manager that will shortly launch a new suite of retail funds.
New start at old fund for BDM veteran
One of Australia’s oldest corporate super funds has created a new position of manager, member services and communication, and a well-known administration BDM has bounced back from retrenchment to take it up.
Future Fund picks private equity admin platform
The Future Fund has selected an administration platform for its growing private markets investment program.
