Baltimore-based multiaffiliate funds manager, Legg Mason, has found a buyer for its $1.3 billion Australian corporate super master trust.
…and drops BGI in favour of boutiques
Catholic Super has terminated an international equities mandate with Barclays Global Investors (BGI) in favour of three boutique managers.
CSRF drops Macquarie currency overlay, bids for more infrastructure
Catholic Superannuation and Retirement Fund has replaced Macquarie Funds Management as the currency overlay manager on its international equities portfolio, and is bidding to increase its existing investment in an energy infrastructure trust.
Invesco takes long/short road to Aus equities recovery
Invesco Australia has reached the final stage in rebuilding the Australian equities portfolio that almost collapsed last year, with plans to open a long/short Australian equities fund next month following the hire of former senior JANA consultant Arthur Roumeliotis in April.
Catholic Super changes asset consultant…
The $3 billion, Melbourne-based Catholic Super Fund (CSF) will have a new asset consultant from November, only the second in its long history, and has also switched group insurer.
Equity Trustees moves up the Bravura ranks
Equity Trustees aims to upgrade to Bravura’s Garradin wealth management platform by next July.
JANA hires implemented ops exec, builds emerging markets trust
The implemented consulting side of JANA Investment Advisers has recruited a superannuation administration specialist from Mercer to run its operations, while it builds up an emerging markets trust with one manager hired so far.
MIR dropped, BGI mandate split among long/shorts at CSRF
In its first ‘alpha extension’ play the Catholic Superannuation and Retirement Fund (CSRF) has split a $200 million Barclays Global Investors (BGI) mandate among long/short funds, while also culling MIR Investment Management.
Lonsec beefs up investment consulting
Lonsec has expanded its Sydney-based team with the hire of another investment consultant.
ING IM begins Aussie equity rebuild
ING Investment Management has found the first replacement member for its Australian equities team, several of which departed to run a boutique in June.
Holiday almost over for Telstra Super and sponsor
Telstra Group has come critically close to ending its ‘contributions holiday’ in regard to Telstra Super, after the fund’s assets dipped to only one percentage point above where the sponsor is obliged to top it up.
LUCRF selects relative newcomer as Atune replacement
Self-administered superannuation fund, LUCRF Super, has selected its new IT solution five months after announcing it was looking to replace the incumbent provider, AAS’s Atune platform.
