The $7 billion Health Super has hired a fund investment manager with previous experience as chief investment officer of Tower Australia and, more recently, MFS Investment Management.
Russell to take more trade execution from managers
Managers wanting a piece of Russell Investment Management’s $3.5 billion core Australian equities multimanager fund will have to swallow their pride and surrender at least some of the trade execution, as the multimanager plans to expand its ’emulation’ program within the fund after encouraging early results.
Lessons from a fund merger: Maritime case study
With more mergers between super funds tipped for the next few years due to action on capital gains tax relief, NAB Custodian Services and KPMG are presenting a timely case study with Maritime Super, the result of the merger between SERF and Seafarers’ super funds.
Ex-Mercer Oz equities head returns to fold
Mercer’s former head of Australian equities research, who left in 2006 to join HSBC Investments, has rejoined Mercer in a senior research role.
Ray King hires two senior investment consultants
Ray King’s Sovereign Investment Research has replenished its ranks with two well known institutional investment figures.
Aussie administrator bags $45bn South African client
South Africa’s third-largest investments manager, STANLIB, will use software from an Australian funds administration vendor to perform fund processing functions across its institutional and retail businesses.
Much talk, scarce action from funds on climate change investing
The financial crisis and negative member returns have sidelined many super funds’ plans to combat the risks of climate change, but commitments to factor these risks into investment portfolios is still strong, a survey from the Climate Institute and the Australian Institute of Superannuation Trustees (AIST) has found.
Former Wallaby switches code to funds management
Former Wallaby flanker-turned corporate broker, Simon Poidevin, will soon end a long tenure at Citi to become an executive director with an Australian funds manager, focusing on global volatility strategies. BUSS(Q) nails admin down for next 5 years
BUSS(Q), the $1.4 billion Queensland-based industry fund, has determined which administrator will manage member accounts for the next five years.
Qantas Super creates senior investment role
Qantas Superannuation Plan is searching for a senior addition to its internal investment team, which will free up chief investment officer Andrew Spence to spend more time on overall investment strategy.
Headcount follows FUA down at CFS, Challenger
Colonial First State and Challenger Financial Services have conducted rounds of redundancies within days of each other in the past fortnight.
David Adiseshan resurfaces
Veteran institutional funds management marketer and product developer, David Adiseshan, has joined a local hedge fund marketing business.
