The $2.8 billion industry fund AGEST has appointed a former National Custodian Services (NCS) accounting and tax specialist to the newly-created position of investment officer, and is down to the wire in an asset consulting tender.
Jacky Herron departs Nestle Super after 23 years
Industry stalwart Jacky Herron is leaving her position as fund secretary at Nestle Australia Group Superannuation Fund, following the outsourcing of trustee responsibilities to Russell’s Total Risk Management (TRM).
NGS Super hires start-up ahead of manager cull
Industry fund NGS Super has awarded Australian equities start-up Integrity Investment Management an $85 million mandate, but will progressively decrease its number of local share managers following a review.
UniSuper to ‘test’ unlisted team rather than replace Gabriel
UniSuper’s investment team has a new manager for its governance and sustainability responsibilities following the departure of Helga Birgden last month, and will not look to replace departing head of private markets Gary Gabriel in the foreseeable future.
MainstreamBPO gets $10 million war chest
Business process outsourcing group MainstreamBPO has struck a $10 million acquisition financing deal with Investec, as it seeks to add SMSF, SMA and mortgage administration capabilities to its existing fund and super admin offerings.
Westpac planners gripe, BT unbundles wrap pricing
BT Financial Group (BTFG) has changed the way it charges Westpac financial planners for using BT Wrap, after advisers complained the wrap was available cheaper to independent financial planners.
AIMA offers 10,000 reasons to promote Aussie hedge funds
The Alternative Investment Management Association (Australian chapter) has launched a writing competition with a $10,000 purse, the aim of which is to promote the institutional investment case for local hedge funds.
UBS GAM shuts Sydney trading desk for Aussie shares
UBS Global Asset Management will no longer trade Australian equities from Sydney.
MTAA Super sues former chair
MTAA Super has taken the unusual step of instituting court proceedings against its former chairman, John Rickus, in a case where the Australian Prudential Regulatory Authority (APRA) has intervened.
QIC seeds hedge fund with $US150m
Queensland Investment Corporation (QIC) has emerged as the seed investor behind Pengana’s global volatility fund, committing a $US150 million mandate to the strategy, which is built to profit from market turbulence through options-trading.
AGEST gets first investment officer, reviews asset consultant
The $2.8 billion industry fund AGEST has appointed a former National Custodian Services (NCS) accounting and tax specialist to the newly-created position of investment officer, and is down to the wire in an asset consulting tender.
Jacky Herron departs Nestle Super after 23 years
Industry stalwart Jacky Herron is leaving her position as fund secretary at Nestle Australia Group Superannuation Fund, following the outsourcing of trustee responsibilities to Russell’s Total Risk Management (TRM).
