AUSCOAL Super, a self-administered fund, has become the third client of a relatively new entrant to the member administration software market, while its investment administration manager will put his old shop to the test in a coming custody tender.
Media Super picks master custodian
The $2.2 billion Media Super has finalised its master custody arrangements after a competitive tender which saw BNP Paribas Securities Services and NAB Asset Servicing make the final shortlist.
US power investing to be a gas after 'green' bill
Whatever the US ‘green energy’ bill looks like after it passes the Senate, the importance of gas will be much greater in the medium-term as the “intermittency” problems of solar and wind sources are dealt with, according to the managing partner of a US power industry private equity manager with several Australian clients.
John Fraser's VFMC pledge raises UBS question
The new chair of Victorian Funds Management Corporation, John Fraser, has flagged that he will spend more time in Australia and devote an increasing number of days per month to VFMC duties as the year rolls on, raising doubts over how much longer the native Melbournian will be the chair and chief executive of UBS Global Asset Management.
It’s good to know CFA about ethics
The Sydney chapter of the Certified Financial Analyst Society held a discussion on ‘rebuilding trust in the investment industry’ last month, and members of its employer advisory board were asked what ethical dilemmas they had faced in their careers. Emilio Gonzalez, head of global equities at Perpetual and past president of the global CFA Society, did not have to think back too far for his last curly one. “When the ban on the short selling of financial stocks came on, it was clear there were ways around it.
It’s good to know CFA about ethics
The Sydney chapter of the Certified Financial Analyst Society held a discussion on ‘rebuilding trust in the investment industry’ last month, and members of its employer advisory board were asked what ethical dilemmas they had faced in their careers. Emilio Gonzalez, head of global equities at Perpetual and past president of the global CFA Society, did not have to think back too far for his last curly one. “When the ban on the short selling of financial stocks came on, it was clear there were ways around it.
Happy birthday, at last, for Kathleen Long
About 300 people, many from the financial services industry, attended the annual Awards evening for aid agency Oxfam’s Melbourne Trailwalker, which raised more than $2.3 million for the charity’s March walk. The Sydney event will take place from August 28-30. The major sponsor, State Street, gave the popular ‘Overcoming the Odds’ Award to Kathleen Long who completed the 100km of rough terrain within 48 hours at age 60.
Happy birthday, at last, for Kathleen Long
About 300 people, many from the financial services industry, attended the annual Awards evening for aid agency Oxfam’s Melbourne Trailwalker, which raised more than $2.3 million for the charity’s March walk. The Sydney event will take place from August 28-30. The major sponsor, State Street, gave the popular ‘Overcoming the Odds’ Award to Kathleen Long who completed the 100km of rough terrain within 48 hours at age 60.
Dear Jimmy…
As US banks clambered to repay their TARP proceeds last month, Mark Sainsbury of First State Super made a typically biting point at an AIST forum – will those banks also repay the private capital and additional business income they were able to generate while operating with taxpayer-funded goodwill?
Dear Jimmy…
As US banks clambered to repay their TARP proceeds last month, Mark Sainsbury of First State Super made a typically biting point at an AIST forum – will those banks also repay the private capital and additional business income they were able to generate while operating with taxpayer-funded goodwill?
Bernie: fan of passive management, and passive communication
Bernie Fraser, the former Reserve Bank Governor who’s now an AustralianSuper and Cbus trustee, is known as a champion of the underdog but you wouldn’t necessarily put him at the top of your emergency contacts list. Unbalanced was trying to track Bernie down last month for an insight to his thoughts on active management, given we’re told he was a driving force behind AussieSuper’s momentous decision to index half of its Australian equities portfolio.
Bernie: fan of passive management, and passive communication
Bernie Fraser, the former Reserve Bank Governor who’s now an AustralianSuper and Cbus trustee, is known as a champion of the underdog but you wouldn’t necessarily put him at the top of your emergency contacts list. Unbalanced was trying to track Bernie down last month for an insight to his thoughts on active management, given we’re told he was a driving force behind AussieSuper’s momentous decision to index half of its Australian equities portfolio.
