Melda Donnelly, the founder of the Centre for Investor Education and director of Victorian Funds Management Corporation, has agreed to be acting chair of the funds management group as well as deputy chair, while the search continues for a permanent candidate.
…as fund awards $515m in new PE mandates
The $21 billion UniSuper expanded its private equity portfolio by allocating 10 mandates in the course of 2008.
UniSuper's head of infrastructure and PE walks…
The head of infrastructure and private equity at UniSuper has left the fund less than six months after he started full-time.
Select drops hedge fund salesman
Select Asset Management has dropped the institutional marketer for its fund-of-hedge-fund manager Gottex Fund Mangement, after alleged fraud in an underlying fund, dismal performance, and a freeze on redemptions made the prospect of investor appetite less likely.
Mercer takes the plunge with managed futures
Mercer’s multimanager funds have taken note of stellar performance from managed futures managers over the past year, making their first ever allocation to the asset class at the same time as helping break the mandate drought in global equities, awarding $400 million to RCM Global Investors and $300 million to Martin Currie.
Christmas cheer: marketing jobs still coming up
AustralianSuper, Mercer’s multi-employer master trust, NAB Custodian Services and Invesco have given some hope to displaced sales and marketing professionals, all making hires in that area in recent days.
Platinum poaches from Watson Wyatt for insto foray
Australia’s most successful global equities manager, Platinum Asset Management, has hired an investment consultant from Watson Wyatt to spearhead its first major push into the institutional market.
Sunsuper brings pension fund tech provider aboard
Sunsuper has appointed a financial services processing solutions specialist to enable its integration of CSA Retirement Services, formerly Citistreet Australia, which it bought in November and has since renamed.
Blown-out spreads brings action back to corporate bonds
Widening credit spreads in the domestic corporate bond market have prompted one manager to advocate selective long-term buying in the sector, while a major superannuation fund sees better rewards for active credit in offshore markets.
