The $2.6 billion Catholic Superannuation Fund has boosted
member retention at retirement from 15 per cent to 80 per cent since taking its
member advice model back in-house.
GESB has split its non-core assets into three new risk buckets as it adopts a more risk-aware approach to its investments, and has invested in private equity secondaries through its private markets program. 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.
Liquidnet smells end of ASX monopoly
One of three applicants to be a market licensee in competition with the ASX, Liquidnet, has welcomed the proposed transfer of financial market supervision to ASIC as a “positive first step”, which Minister For Financial Services, Chris Bowen, confirmed paved the way for new market entrants.
Advert
{loadposition contentad}
Advert
{loadposition contentad}
Member engagement could hurt super returns: ISN
The Henry and Cooper reviews of the superannuation industry should consider the implications for portfolio construction of having too many active and engaged members, including the prospect of funds being forced to adopt a more conservative asset allocation which coud ultimately hurt their returns, a major industry body has argued.
State Street links Investor Services and Global Markets at the top
State Street in Australia has followed its European and Asian businesses by linking up the Investor Services and Global Markets divisions under the one head.
Former RBA chief gives crisis autopsy
The third annual conference of the Paul Woolley Centre for Capital Market Dysfunctionality – October 28-30 – will see a former Reserve Bank Governor discuss the topic: ‘The Crash of the Financial System: Bad Luck or Bad Structure?’. 
Multimanager ipac has signalled it won’t allocate to passive managers, but will aim to minimise redundancy among active managers as it nears the implementation stage in the review of its $4 billion Australian equities portfolio. 
