Australian institutions will soon have access to high-end Chinese residential property, following a deal between AXA Real Estate Investment Managers and China’s Ping An Trust.
Acid test for local bank in big sub-custody tender
A pool of $45 billion is up for grabs in a tender with the potential to transform Australia’s sub-custody landscape, and it’s reportedly been enough for one of the Big Four Bank CEOs to start hitting the phones.
AvSuper recruits new risk, governance resource
AvSuper has chosen a former lawyer and ASIC employee to become its first manager of compliance, risk management and governance.
Legg Mason win in van Eyk value shift
Favouring value over quality as an investment style, van Eyk has restructured the international equities portfolio of Blueprint, its multi-manager product.
An investment industry veteran and venture capital specialist with Access Capital Advisers has left the consultancy to again run his own business. 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.
State Street creates senior sales role
State 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. 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.
ESI Super flicks 'inflexible' Mercer IC
The $2.5 billion Electricity Supply Industry Superannuation Fund (ESI Super) has terminated its long asset consulting relationship with Mercer Investment Consulting, in preference for a consultant that ESI chair Bob Henricks called “more proactive”.
