REST Superannuation has added a new “growth alternatives” sub-asset class to its portfolio and awarded two new mandates worth a total of $300 million.
HESTA investment analyst departs
A key member of the $13 billion HESTA fund’s investment team has departed, prompting a search.
BDM found for Legg Mason platform accounts in NSW
Legg Mason has appointed a new business development manager from the property sector to promote its products and affiliate funds managers to the platform market.
Cap-weighted benchmarkers beware: GWA and RAFI now both in Oz
Global Wealth Allocation (GWA) has opened an Australian office, joining Research Affiliates as a provider of wealth-weighted indexing methodology with a local presence.
NSW electrician's fund puts its $300m into implemented
The $300 million NSW Electrical Superannuation Scheme (NESS) has ended its long-running partnership with Mercer Investment Consulting (Mercer IC), appointing a different provider and opting for an implemented service.
Vision Super goes beyond Frontier for private equity advice
The $3.7 billion Vision Super has appointed two new specialist asset consultants covering private equity and property, with the former moving outside the general consultant’s responsibilities for the first time. Cuscal general manager gone in executive streamlining
Banking services provider to super funds, Cuscal, has merged its executive strategy and marketing roles, ousting its former general manager – customers.
Prime Super signs with up-for-sale administrator, adds to investment staff
The $1 billion Prime Super has recruited an internal investment resource from Media Super while renewing a contract with its administrator, Pillar, despite it being up for sale by the NSW Government.
AGEST in the mix
As the Minister for Superannuation confirms plans to include AGEST in the already-announced merger of the ARIA and Military Super boards from 2010, AGEST chief executive Michael Seton has argued the case for his $3 billion fund remaining stand-alone.
Responsible risk taking – the new landscape under discussion
Responsible risk taking – is there a new set of rules for super funds and fund managers? This is the theme of the 12th annual Investment Administration Conference, at the Sydney Convention Centre on March 3, where 26 speakers will address issues surrounding the nitty gritty of investment management. Link to the full program
CMSF addresses the ‘GEC’
The ‘global ethical crisis’ will be the subject of the Conference of Major Super Funds 2009 opening plenary session, with World Vision chief executive Tim Costello discussing the effects of the financial meltdown beyond the headline economic figures.
