Martin Currie Investment Management, the Edinburgh-based equities manager, is looking for a country head to open an Australian office.
NZ Super takes alternative view of alternatives
The New Zealand Superannuation Fund has reiterated its preference for long-term growth assets with private market investments in particular earmarked for a more significant weighting in its portfolio.
MTAA Super drops claim that former chair breached Corps Act
The $6 billion Motor Trades Association of Australia Super (MTAA Super) has dropped the allegation that its former chairman, John Rickus, breached the Corporations Act by supplying private information about the fund’s alternative investment strategies to a specialist alternatives advisory business with which he was seeking employment.
Principal buys overweight stakes in Centro LPTs
Principal Global Investors has increased its allocation to the beleaguered Centro listed property vehicles, believing the group is capable of surviving its liquidity shortfall.
Cerulli uncovers target-date fund boom in US
Many US asset managers have turned to target-date/lifestyle funds in a bid to satisfy investors’ competing needs of wealth accumulation and retirement protection, according to a new report from consulants Cerulli.
Industry Funds Management opens second offshore office
The funds manager owned by industry superannuation funds, Industry Funds Management, will open its second offshore office next week.
APRA’s ERF review won’t target ‘excessive’ fees
Many in the super industry are hopeful that an APRA investigation into eligible rollover funds (ERFs) will uncover what they argue are questionable practices by some of the vehicles, however APRA said much-criticised ERF fees would not be part of its review.
Getting its shorts right boosts Macquarie-backed Artefact
Shorting US old-media companies, real estate companies and financials has stood UK-based long/short manager Artefact Partners in good stead over the past few months.
Citistreet exits stand-alone corporate game
Member administrator Citistreet has after two years exited its long-term contract to service Watson Wyatt’s stand-alone corporate superannuation clients, with the work to be performed by IBM Superlife from April 1.
APRA's ERF review won't target 'excessive' fees
Many in the super industry are hopeful that an APRA investigation into eligible rollover funds (ERFs) will uncover what they argue are questionable practices by some of the vehicles, however APRA said much-criticised ERF fees would not be part of its review.
Bank of America seeks head for new Aussie funds management office
Bank of America plans to open an Australian office, in Sydney, for the launch of its investment management arm.
Star appeal for refugees at Christmas
Ian Chappell and Jane Turner, two of the patrons of the refugee aid agency Australia for UNHCR, have launched a Christmas ‘Star Appeal’ for families in need.
