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.
Founder of Souls Funds Management departs, brands backer 'impatient'
A founder of Souls Funds Management has been sacked by its backer, Washington H. Soul Pattinson (WHSP), after disagreements over FUM targets and the level of staff equity in the business.
Cuffe and others offer guidance for tough times
Chris Cuffe, funds manager-turned philanthropist, will address industry breakfasts in Melbourne tomorrow morning and Sydney on Thursday on ‘Difficult Times – Tough Questions – Brave Answers’.
VFMC hires prominent expat to eye European deals
Victorian Funds Management Corporation has not only completed its first Australian direct infrastructure deal, but has contracted the former head of infrastructure investments at Abbey National to be its eyes and ears in Europe.
Investors Mutual departee heads north
The Queensland Investment Corporation has completed the replenishment of its small caps team with a hire out of Investors Mutual.
…and prepares D.I.Y hedge fund-of-funds
The implemented equities team of Queensland Investment Corporation (QIC) has drawn on only six underlying managers to build its own hedge fund-of-funds.
QIC awards big mandate to endowment-style manager…
The $80 billion Queensland Investment Corporation (QIC) has invested in a second manager with strategies modeled on those of elite US university endowments.
Short sellers deliver highest YTD hedge fund returns
Short selling strategies continued to add to positive year-to-date gains in July, despite another drop in returns from hedge funds tracked by Greenwich Alternative Investments.
HESTA hires former AWB secretary to implement UN PRI
The $13 billion HESTA industry fund has hired the former company secretary of the Australian Wheat Board as an investment analyst, overseeing the fund’s implementation of the United Nations Principles for Responsible Investment.
Aussie Executor Trustees streamlines with Touchstone
Australian Executor Trustees has hired Touchstone Group to administer its Corporate Trust division.
