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.
SSgA taps Old Mutual for new chief
State Street has made the unusual move of going outside the firm in the recruitment of a new head for its funds management arm, State Street Global Advisors (SSgA).
Future Fund studies how to assess ESG issues
The Future Fund is looking to introduce a framework by which it can make investment decisions as they may be impacted by environmental, social and governance (ESG) issues.
Portfolio Partners hires new head BDM
Portfolio Partners has hired a head of business development as chief executive Craig Bingham finds Asian investors receptive to the manager’s new Resources Trust.
Mayday for Russell implemented clients after run on hedge FOF
A Russell hedge fund-of-funds which speaks for 3 per cent of both the Russell Growth and Russell Balanced funds commenced winding up with effect from 22 March, following a rush of redemption requests spurred by poor performance.
AustralianSuper mulls more active currency stance
AustralianSuper is running a review of its currency management, to determine if there’s merit in moving to a more active position.
Financial Facts seeks senior researcher after MacPoaching
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.
