Sustainability manager with Industry Funds Management, Louise Davidson, will soon leave the business to take a similar role with a big industry fund client.
Building cheaper tailored hedge FoFs for big super funds
With the trend to seek greater transparency fuelled by the financial crisis, tailored solutions for the requirements of big super funds are gaining popularity, especially in the previously opaque world of hedge funds.
BlackRock retrenches head of marketing
The Australian arm of BlackRock Investment Management has let go its head of marketing.
Macquarie private equity veteran Brakey to depart
The long-time head of Macquarie Funds Management’s private equity funds-of-funds, John Brakey, will leave to join another household name in the unlisted assets space.
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.
