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Sunsuper appoints QIC to guard new pension strategy

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The $12 billion Sunsuper has appointed
Queensland Investment Corporation (QIC) to provide capital protection for one
of its investment options, called Retirement, as part of the ‘Today and
Tomorrow’ pension strategy, which provides an up-front two year supply of cash
while investing the remaining balance mostly in high income-yielding shares. The
capital markets team at QIC, led by Troy Rieck, will use a range of options
strategies to provide some protection against poor performance by Australian
and US
shares, the dominant growth assets in the Retirement product.

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Sunsuper appoints QIC to guard new pension strategy

by
Normal 0 false false false MicrosoftInternetExplorer4 st1:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:””; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} The $12 billion Sunsuper has appointed Queensland Investment Corporation (QIC) to provide capital protection for one of its investment options, called Retirement, as part of the ‘Today and Tomorrow’ pension strategy, which provides an up-front two year supply of cash while investing the remaining balance mostly in high income-yielding shares. The capital markets team at QIC, led by Troy Rieck, will use a range of options strategies to provide some protection against poor performance by Australian and US shares, the dominant growth assets in the Retirement product.

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Pages: 1 2

Ironbark seeks alpha growers wanting retail leg-up

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Ironbark Asset Management, the retail distribution business which has just been formed by 14 former Deutsche Asset Management (DeAM) employees, is on the hunt for alpha generators with whom it will launch its own funds. The former head of retail distribution at DeAM, Chris Larsen, said he was looking forward to running a business for the first time, alongside cofounder Brendan Carpenter, a former chief operating officer at DeAM who crossed to Aberdeen when it purchased the German banks’ equity and fixed income businesses in 2007.


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Ironbark seeks alpha growers wanting retail leg-up

by
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Losses mount in Sydney’s letterbox ‘super scam’

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The ‘super scammers’ thieving personal financial information from Sydney letterboxes have stripped millions from members’ balances, and the amount is rising, according to the NSW police unit investigating the crime.“We’re talking seven figures, and it’s increasing,” Andrew Gill, detective senior constable with Strike Force Gamut of the Harbourside Police, the unit investigating the criminal syndicate accused of the crimes, said.


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Losses mount in Sydney’s letterbox ‘super scam’

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The ‘super scammers’ thieving personal financial information from Sydney letterboxes have stripped millions from members’ balances, and the amount is rising, according to the NSW police unit investigating the crime.“We’re talking seven figures, and it’s increasing,” Andrew Gill, detective senior constable with Strike Force Gamut of the Harbourside Police, the unit investigating the criminal syndicate accused of the crimes, said.

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SSgA reassures investors on sec lending collateral

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State Street Global Advisors Australia (SSgA) has reassured investors in 13 of its trusts with exposure to securities lending, which have increased buy/ sell spreads and introduced redemptions mixing cash and collateral due to ongoing illiquidity in the asset-backed markets in which sec lending capital was invested. In a letter to clients following an I&T News article on the matter last month, SSgA senior managing director Rob Goodlad rejected investor protests made in that article that the collateral assets were “toxic”, saying there had been no impairments and that majority of the assets retained the AAA rating they had originally required.


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SSgA reassures investors on sec lending collateral

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Pages: 1 2

CFS GAM becomes sustainability source to NSW govt

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The NSW government has tapped into the intellectual property of Colonial First State Global Asset Management (CFS GAM) to produce an online resource advising on the sustainable development and maintenance of commercial properties. 

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Another global equity manager calls the bottom

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The US$13 billion global equities manager Trilogy Global Advisors has joined the growing list of funds managers prepared to call the bottom for equity markets, and is already overweighting stocks leveraged to global economic recovery such as technology and consumer discretionaries.

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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.

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