Up to 25 per cent of a handful of super funds was in cash, as of last month, while others had between 6-8 per cent cash, according to Frontier Investment Consulting.
The $28 billion AustralianSuper terminated several mandates with active equities managers last week and directed most of the freed-up capital to passive exposures, in an effort to simplify its portfolio by trimming excess managers.Perennial Growth looks for new senior resource
Australian equities boutique Perennial Growth Management aims to recruit a senior equities analyst from the supply of local and expatriate candidates looking for work in
Melbourne.
Aussie platform technology in Asia
OneVue has entered a partnership with a Hong Kong technology company, WealthCraft, to assist the expansion of its administration platform in Asia.
Tassie's RBF to outsource administration
The $3.4 billion Retirement Benefits Fund
of Tasmania (RBF) is preparing to outsource its member administration service for the
first time.
More of Fortitude to be staff-owned after McGowan exits
John Corr, chief investment officer of Fortitude Capital, will become majority owner of the hedge fund after fellow co-founder Tim McGowan exits in May.
Workshop to critique changing role of institutional investing
The Paul Woolley Centre for Capital Market Dysfunctionality is to hold a special afternoon workshop next month to discuss several upcoming research projects of particular relevance for super funds and managers, including a questioning of the role of active management and the proposal of a new regime for institutional investing.
Lachlan Callander exits Invesco, firm restructures fixed income
Lachlan Callander, who spent nearly five years heading up Australian fixed income at Invesco before migrating to the
London office, has left after nearly 12 years with the firm.
From Hong Kong to Chennai for BNP global custody
BNP Paribas Securities Services Australia will end the global custody relationship begun with Citi out of Hong Kong 14 years ago, as it seeks to shift clients to its parent’s own global custody network, which means they will be serviced from Chennai, India.
The man many considered a successor to Doug McTaggart as chief executive of Queensland Investment Corporation (QIC) has instead taken a permanent position as CIO of its largest client. 
In only the second change of leadership at value manager Maple-Brown Abbott, managing director and chief executive John Kightley will soon retire, to be succeeded by a long-standing colleague.
