The $2 billion-plus Energy Industries Superannuation Scheme of NSW has shortlisted two international asset consultants as potential replacements for Russell, and has revealed the extent of the investment transformation overseen by FuturePlus CEO Richard Powis and general manager of investments, Michael Block, who arrived in January.
Everest turnover triggered Sunsuper redemption
Sunsuper’s decision to pull a $200 million mandate with Everest Financial Group was caused by the departures of key executives from the alternatives manager, which triggered a contractual termination clause. 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.
Jobs at risk in BlackRock-BGI merger
Product and staff rationalisation is an expected by-product of the acquisition of Barclays Global Investors by BlackRock, which would see the creation of the world’s biggest fund manager with assets under management of more than US$2.7 trillion.
The builders of the Melbourne Convention Centre have partnered in the latest boutique from Pinnacle Investment Management. QIC bolsters risk defences with new platform
Queensland Investment Corporation (QIC) aims to strengthen and fully integrate its risk management capabilities by implementing a software platform enabling coverage of all asset classes and investment instruments.
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.
