FEAL turns 10

From CEO’s Union to Industry Pillar

The role of what used to be known as the fund secretary has grown enormously in the past 10 years.

Helping that growth, through the professional development of the chief and other fund executives, has been the Fund Executives Association Ltd, which marks its 10th anniversary year this month with its annual national conference and members’ dinner in Melbourne.

GREG BRIGHT, a former FEAL interim board member prior to its formalisation in 1999, traces the association’s history and looks at its likely future.

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Aussie hedge funds ‘stand to lose millions’: AIMA

Australian hedge funds, which manage hundreds of millions of dollars on behalf of offshore investors, risk being locked out of the European Union if a new European directive is ratified, the Alternative Investment Management Association (AIMA) has warned.

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Prime Super bucks industry norm with trauma cover

In what is understood to be an industry first, the $1 billion Prime Super has begun providing trauma insurance to members as an additional product alongside default group cover.

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State Street creates senior sales role

Greg O'SullivanState Street has created a new senior sales role straddling its Investor Services and State Street Associates businesses, reflecting that clients of a core custodian are increasingly requesting a broader array of services from that provider.

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LGSS completes active equities restructure

The $4.7 billion NSW Local Government Superannuation Scheme (LGSS) has terminated two mandates with active Australian equity managers and awarded a new mandate worth $110 million to a Sydney-based active boutique in the final stage of the restructure of its domestic equities portfolio.

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