With what is looming as the worst year for super funds since the Superannuation Guarantee was introduced in 1992, AIST has called on the Government to prioritise a restoration of confidence in its reviews of the super system.
Russell to launch new portfolio management service
A former BT Financial executive has joined Russell Investments’ corporate super team as it prepares to roll out a new service for its large superannuation clients.
Alcoa backs active management for Aussie shares
The $1.1 billion Alcoa of Australia Retirement
Plan has overhauled its Aussie shares line up, awarding new mandates to two
boutique active Australian equities managers.
QIC gets new main man for multi-manager
Queensland Investment Corporation’s $10 billion ‘implemented solutions’ multi-manager business has a new leader after a surprise resignation on Friday.
Navigator acquisition adds scale for NAB
Navigator’s $12 billion life insurance and investment platform, including $1.1 billion in multi-manager product, will be transferred to NAB under an agreement with Aviva
Australia to buy its wealth
management business for $825 million.
Australian fundie veteran returns home
A 30-year funds management veteran has returned to Australia after a six-year overseas stint with Principal Global Investors, determined to work for himself.
Accommodation 2009
Accommodation Details The conference is being held at the Park Hyatt Melbourne. We recommend this hotel for conference accommodation and have secured special conference rates for the Absolute Returns Funds Conference. The conference rate is $275 per room per night in a standard Park King room. For bookings please contact the reservation department on 13 … Read more
Qantas Super recruits in-house operations resource
The $6 billion Qantas Super has recruited from the local office of JP Morgan for its head of investment operations.
SSgA offers ‘non-lending’ options
State Street Global Advisors (SSgA) has offered ‘non-lending’ equivalent trusts to four of the thirteen trusts which experienced difficulties relating to the liquidation of securities lending collateral.
Aboriginal council re-allocates culled Chifley mandate
A shift in allocations to global equities managers was the latest move by the statutory fund of the NSW Aboriginal Land Council (NSW ALC) as it unbundles its terminated investment mandate with Chifley Financial Services and assumes control of its assets.
Russell transforms 'best ideas' fund
Russell has tweaked its Australian Select Holdings Fund which combines fund managers’ ‘best ideas’ in a single concentrated portfolio, increasing the frequency with which it rebalances and enhancing the weighting algorithm that skews the portfolio to those stocks with the strongest signals.
Everest's alternatives chief finds big super fund home
The former head of absolute return funds at Everest Financial Group, Steve McKenna, will soon resurface at an $8 billion superannuation fund to implement its credit and alternative investment programs.
