The $1.4 billion funds manager Pengana Capital has hired three new staff to open its firstSingapore office, among them a Platinum Asset Management departee, in what it has called a “strategically timed” move intoAsia.
Head BDM among five who lost roles at Warakirri
The head of marketing and business development with Warakirri Asset Management was among five employees across the business whose roles were recently cut.
Legg Mason taps Citi after veteran analyst exits
The Australian equities division of Legg Mason has recruited a small caps co-portfolio manager to help fulfil duties previously covered by Tony Pearce, who exited the business in late 2008 after a 26-year tenure.
Super SA beefs up insurance thresholds
Super SA has modified the default death and total and permanent disablement (TPD) insurance offering for members in its Triple S investment option, adding an extra unit of limitation-free cover and increasing maximum claim thresholds.
Wellington International’s Australian chief axed
Wellington International Management’s first downsizing since the 1970s has claimed the managing director of the Australian office.
Wellington International's Australian chief axed
Wellington International Management’s first downsizing since the 1970s has claimed the managing director of the Australian office.
Industry fund tax guru crosses street
A guru on tax matters for corporate and industry superannuation funds has moved from Deloitte to Mercer Outsourcing.
Citistreet clients review admin after sale to SunSuper
Equipsuper and Non-Government Schools Super are understood to be reviewing their administrator options, after their incumbent provider, CSA Retirement Services (formerly CitiStreet), was bought by SunSuper last November.
AMP private equity pair launch mid-market boutique
Two private equity veterans have left AMP Capital Investors to open a boutique in the Pinnacle Investment Management stable, which will seek $300 million from institutional investors for a mid-market fund, a sector the principals say has a strong appetite for deals that promote succession planning and industry consolidation.
Aberdeen boss to keep both jobs despite business trebling
Aberdeen Asset Management (Australia) chief executive, Bill Bovingdon, intends to continue in his dual role running Australian fixed income even when the size of his business trebles, assuming the April 30 completion of the assets-for-equity swap with Credit Suisse’s investment arm.
On for young and old in post-retirement pow-wow
It stands to reason that Vision Super, with more than half its members over 50 years of age, would differ markedly from the youthful Host Plus in the way it is positioning its post-retirement offerings. In the lead-up to Conexus Financial’s Post-Retirement Conference in Melbourne on February 10, see Amanda White talk to executives from both funds about their approach to the decumulation phase, in the latest Conexus Financial/FTV on-line video.
