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.
Winners and losers over the next five years – Putnam Lovell
Traditional active funds management, where long-only equities and bond managers charge asset-based fees, will plummet to less than half of the total industry market over the next five years, according to a report from the advisory firm Putnam Lovell.
Intech completes shift to alternatives ahead of downturn
Intech has completed a major re-weighting of its investment trusts to alternatives with the introduction over recent months of six new strategies.
Pengana snares Deutsche man for property team
Pengana Capital has appointed Deutsche Bank’s former head of real estate investment banking to a newly-created role sitting between its property teams in Sydney and London.
Dying for a mandate? Cemetery has $80m up for grabs
The trustees of the Necropolis Springvale, administrators of three Victorian cemeteries, are seeking an implemented consultant to consolidate up to $80 million currently managed internally or by sector specialists.
Gibbs flags governance role after final ARIA note…
The outgoing Australian Reward Investment Alliance (ARIA) chief executive, Steve Gibbs, has strongly hinted a role related to corporate governance or sustainability may be his next move after he finishes up in mid-January.
…as ARIA reserves 1% for ‘dry powder’ distressed debt
The $18 billion Australian Reward Investment Alliance (ARIA) has set aside up to 1 per cent of its total assets to a fund which will progressively identify distressed debt opportunities.
Legalsuper puts $30m into aged care, appoints new Oz equities managers
After restructuring its lineup of Australian equities managers, the $1 billion Legalsuper is finalising a $30 million investment in a retirement centre fund.
