While hopes that the resources sector will keep the Australian economy, at least, from slowing and the Australian share market from tumbling are long gone, there are some bright spots in the sector to maintain investor interest.
Countdown is on for AIST fund staff awards
Registrations close soon for the Australian Institute of Superannuation Trustees’ inaugural Awards for Excellence.
NZ insto appoints first master custodian
New Zealand’s second-largest community trust, the $500 million Canterbury Community Trust, has appointed its first ever master custodian.
Currency crunch: Gottex halves hedge, super funds scrounge for collateral
The steep depreciation of the Australian dollar has forced hedge fund-of-funds Gottex to halve its currency hedging level and freeze redemptions, while some super funds have been forced to seek cash from their funds managers following a sharp rise in the collateral required to roll over hedging contracts.
FuturePlus scores $12b coup with new CIO
FuturePlus, the investment manager for the Energy Industries Super Scheme and Chifley Financial Services, has attracted the head of investments for a $12 billion fund as its new CIO.
Local hedgie cleans up after Lehman at EQT
Equity Trustees (EQT) has appointed a Sydney hedge fund to manage the $150 million locked in its High Income Fund, formerly managed by Lehman Brothers Asset Management until it abruptly closed Australian operations in May.
SSgA Australia retrenches veteran bond boss
State Street Global Advisors Australia has retrenched its head of fixed income and cash and shut down its Sydney-based global fixed income capability.
CIO quits Health Super
Health Super’s chief investment officer of five years, Brendon Shepherd, will leave the fund at the end of this year.
I&TV: war stories from Richard Borysiewicz
In the latest I&T News/FTV broadcast interview, Credit Agricole Asset Management’s Australian chief, Richard Borysiewicz, talks to Amanda White about his experiences establishing a new funds management business in Australia.
