Invesco Australia has hired a senior JANA consultant to spearhead the rebuilding of its Australian equities large cap fund more than 12 months after its top two managers exited, leading to mandate losses over $2 billion.
Pentafin and Direct Portfolio getting together
Unit registry systems provider Pentafin and separately managed account provider Direct Portfolio are finalising details of a merger.
LUCRF fixes 'uncompetitive' group insurance
LUCRF Super has renegotiated its contract with ING Life a year before it was due to expire, and secured an increase in cover for members at no additional premium.
Access inspires revolution at Prime Super
The $1.1 billion Prime Super has transformed its portfolio following the appointment of Access Capital Advisers as asset consultant.
Vision Super swings into action after March investment review
Vision Super has swapped managers for a $95 million international equities mandate, and made commitments to three new private equity funds following its March-quarter review.
Perennial Real Estate in ESG world-first
Perennial Real Estate Investments is on the cusp of rolling out what is believed to be the world’s first listed global property securities fund that formally incorporates environmental, social and governance factors into the investment decision process.
First AASpire client goes live…
The NSW Electrical Superannuation Scheme (NESS) last month became the first AAS client to transfer to the member administrator’s new system, an overhauled version of Atune known as AASpire.
…as Atune’s true believer finally looks elsewhere
The long and troubled relationship between AAS and LUCRF Super is coming to an end.
The Fear of being a Loaner – keeping the sharks out of your fund's lending pool
Until recently, securities lending had all the hallmarks of a ‘free lunch’. It was modest, but easy money for superannuation funds. Securities were usually lent through a principal program, in which the custodian took on the counter-party and collateral risk, and provided that custodian was reputable, very little could go wrong. The custodian on-lent the … Read more
Tyndall plucks investment specialist from Series' boutique
Tyndall has recruited an analyst from DVA Capital, the boutique being wound-up by founder Kerry Series, to its institutional team.
Hannover Re loses Rei Super's backing
Rei Super has ended its long-term relationship with group insurer Hannover Re, opting for another provider following a tender.
We'll help pay for 12 per cent SG: the people
The Australian Institute of Superannuation Trustees has found fresh ammunition for its call to raise the compulsory super contribution to 12 per cent by 2012.
