State Street is the latest global bank to cut back its workforce, by 1600-1800 people worldwide, with the small local redundancy list including the managing director of State Street Australia.
Bellwether rejects incubator overtures, hires third party marketer
With only $20 million under management, some would say Australian equities boutique Bellwether Partners should be reconsidering its future in this environment, however founder Bruce Bell has so far rejected advances from incubators and has even appointed a third-party marketing firm to target institutional investors.
Sovereign supremo among Watson Wyatt hires
Asset consultant Watson Wyatt has made two senior appointments, including a former executive of Sovereign Investment Research, as it goes against the prevailing industry trend of job cuts.
From REST to the rest: what trustees are paid and why
At REST they’re all volunteers. At UniSuper they’re pushing six figures. The December edition of Investment & Technology Magazine investigates what super fund trustees are paid, and why.
Ambos to get extra cover, thanks to First State
NSW Ambulance officers have secured additional insurance benefits, to be funded by their employers.
From REST to the rest: what super fund trustees are paid and why
At a time when boards across Australia have come under increasing pressure to review the high sums paid to top executives, the cover story in the October edition of Investment & Technology found a number of people arguing that the pay of executives in superannuation could probably be increased.
This month, we examine the great disparities in how the boards themselves are remunerated. For instance, at the $23 billion industry fund UniSuper, more than one director is paid a six-figure salary. Meanwhile, at the $13 billion retail fund REST Super, all board members are volunteers. STEPHEN SHORE investigates what super trustees are paid and why.
From REST to the rest: what super fund trustees are paid and why
At a time when boards across Australia have come under increasing pressure to review the high sums paid to top executives, the cover story in the October edition of Investment & Technology found a number of people arguing that the pay of executives in superannuation could probably be increased.
This month, we examine the great disparities in how the boards themselves are remunerated. For instance, at the $23 billion industry fund UniSuper, more than one director is paid a six-figure salary. Meanwhile, at the $13 billion retail fund REST Super, all board members are volunteers. STEPHEN SHORE investigates what super trustees are paid and why.
One transitions boss too many at Morgan Stanley
A joint head of transition management at Morgan Stanley, Graham Cook, has left the firm.
…as asset management head helps QSuper gain control
QSuper will appoint its first chief investment officer in 2009, aiming to harness internal investment skill, control and oversight as it becomes an APRA-regulated fund, and has appointed Brad Holzberger of Queensland Investment Corporation (QIC) to temporarily fill the role.
Alan Beasley and tumbleweeds at Ascend AGM
The chairman of collapsed boutique Ascend Asset Management, Alan Beasley, led a deserted general shareholders meeting last week in Sydney, in which only one proxy vote was lodged in person. Step by step with The Future Fund
Not since the STA and ARF merged to form AustralianSuper have the eyes of our industry been so firmly focused as they were on the Future Fund this year. And funnily enough, it was a former boss of STA, Paul Costello, in the hot seat.
The general manager of the Future Fund and his chief investment officer, David Neal, had been leaving it to their chairman, David Murray, to make most of the public comments on investment philosophy. That is, until they sat down with MICHAEL BAILEY to tell the story behind their world-beating return of -0.2 per cent for the first fifteen months of operation.
Step by step with The Future Fund
Not since the STA and ARF merged to form AustralianSuper have the eyes of our industry been so firmly focused as they were on the Future Fund this year. And funnily enough, it was a former boss of STA, Paul Costello, in the hot seat.
The general manager of the Future Fund and his chief investment officer, David Neal, had been leaving it to their chairman, David Murray, to make most of the public comments on investment philosophy. That is, until they sat down with MICHAEL BAILEY to tell the story behind their world-beating return of -0.2 per cent for the first fifteen months of operation. 
