Financial Facts, investment researcher for ING’s 1400 affiliated advisers, is seeking a research strategy manager after the five year incumbent took a new senior product sourcing role at Macquarie Private Wealth.
First non-IFM infrastructure mandate from AGEST
The $2.9 billion Australian Government Employees Superannuation Trust (AGEST) has for the first time dealt an infrastructure mandate to a manager other than Industry Funds Management (IFM).
Ex-Zurich sales head brings Swiss alternatives to Sydney
Martin Scott, formerly the head of investment sales at Zurich, has been recruited by a Swiss alternatives manager as co-head of its newly-established Sydney office.
Salvos nationwide appeal targets youth homelessness
The 2008 Salvation Army Red Shield Appeal, focused on youth homelessness, was launched last week ahead of the screening of documentary about a Sydney homeless refuge this week on the ABC.
BUSS(Q) nears infrastructure target with new mandate
The $1.6 billion industry fund BUSS(Q) is finally getting close to its infrastructure target allocation following a new appointment.
Austsafe to offer advice through AAS relationship
The $900 million industry fund for rural and regional Australia, Austsafe Super, has partnered with Money Solutions to provide financial advice for its members.
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.
Invesco hires big in bid for Aus shares recovery
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.
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
Industry funds risk losing competitive advantage – Lally tells FEAL
Many industry funds are losing their competitive advantage – their fees are going up while commercial fund fees are coming down because of increasing scale and technology. “If we’re not careful, they’ll pass us in the middle,” according to Tony Lally, the chief executive of Sunsuper. “Our competitive advantage is going and for many it’s … Read more
