REST Superannuation is expecting another significant boost to its funds under management as June 30 approaches.
Portfolio Partners loses financials analyst to sell-side
Six months after starting at Melbourne-based Australian equities manager Portfolio Partners, a financials analyst has been lured to the sell-side at Credit Suisse in Sydney.
Prepare for the first post-Choice year of bad returns
The Australian Institute of Superannuation Trustees (AIST) is hosting seminars on how superannuation funds can communicate negative returns to members.
Gibbs to build bridge between super funds and investment bank
Former ARIA chief, Steve Gibbs, has been hired by a major investment bank to help distribute its synthetic and alternative investment products to not-for-profit super funds.
ComSuper seeks tenders for admin system overhaul
ComSuper, the administrator of Commonwealth public sector super funds, is inviting tenders for a new IT platform to run its clients’ defined benefit schemes.
White Outsourcing sees past IRESS, joins SWIFT
Accounting and administration provider to funds managers, White Outsourcing, has joined the SWIFT network through a service bureau solution.
HSBC Asset Management is back – and look who's at the helm
Three years after selling out for a bargain price to Challenger, HSBC is bringing its global asset management capabilities back to Australia – and has hired a well-known Barclays Global Investors insto BDM to help.
Going boutique a sure way to see red
It would be the last thing on the minds of those PMs and analysts who shed institutional restraints to ‘go boutique’, but they soon end up debating, mid-flight, the best ways to deal with bleary eyes and muddled heads. Without the expenses budget of a big player to fall back on, many start-up managers find … Read more
Super and mental health: bringing government to the table
This is the third in a series of roundtables sponsored by CommInsure, organised in conjunction with Conexus and Industry Funds Forum (IFF), in which members of the superannuation and insurance industries explore how they might make a tangible difference in reducing the incidence of psychiatric disorders. According to the mental health professionals, research and early … Read more
Goldman Sachs endowment fund makes first grants
The Goldman Sachs JBWere Charitable Endowment Fund (CEF) last month made its first annual distribution of grants. Over $40,000 was distributed between 34 different charitable organisations, including those supporting international aid, health and medical research and help for the socially disadvantaged. Concurrently, GSJBWere said it had reduced the minimum investment amount into the CEF from … Read more
Asset consultant finds challenging alternative
Young Australian aid volunteers, like JANA principal Michael O’Dea, are undertaking and themselves funding domestic and overseas community-development projects beyond the remit of governments, writes SIMON MUMME. Qualifying for the Vincent Fairfax Fellowship ethics and leadership program required Michael O’Dea to trek through Katherine Gorge in 40 degree heat while carrying a 20 kilogram pack. … Read more
Top marks for not-for-profit funds
It’s a well known fact – at least among independent commentators and ratings agencies in the super industry – that the not-for-profit super funds are winning the race in terms of delivering superior retirement outcomes for members. Even before the release last year of landmark Australian Prudential Regulation Authority research showing that the not-for-profit sector … Read more
