Fidelity Investments’ equity funds might be top quartile but it’s also leading the turnover stakes with a rash of recent executive departures, including its operations head to a senior product role at AMP Capital Investors.
QIC snaps up former MLC private equity co-head
Queensland Investment Corporation’s private markets team has added a former co-manager of MLC’s private equity program, to help it achieve a target to almost double its invested exposure to the asset class by mid-2011.
Former ARIA chief to chair responsible investment academy
Steve Gibbs, formerly the chief executive of the $18 billion Australian Reward Investment Alliance, will be the chairman of a new responsible investment educational body in the Australasian region.
LGSS taps MacarthurCook for first CIO
The $6.1 billion NSW Local Government Superannuation Scheme (LGSS) has appointed the former head of real estate securities from MacarthurCook as its first chief investment officer.
UniSuper hires up for private markets focus
The $24 billion industry fund UniSuper has hired eight people to its investment team in the last four months, with a clear focus on further resourcing the private markets team.
Catholic fund to send 2500 cheques after unit pricing error
The $3.5 billion Catholic Super & Retirement Fund (CSRF) will this month recompense 2500 ex-members affected by a tax-related unit pricing error made two years ago.
Timorese sovereign wealth in Australian custody
The sovereign wealth fund of East Timor, the $2.9 billion Petroleum Fund, will have its global custody needs serviced from Sydney.
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.
