The Future Fund has flagged its intention to overweight its exposure to Australian equities in its annual report tabled in Parliament last week.
Guild Super reviews admin, flicks implemented consultant
Guild Financial Services is reviewing the member administration arrangements for its two super funds totalling 55,000 members and $520 million under management, just after replacing its implemented consultant.
Bpay be paying off for super funds
More super funds are adopting electronic payment systems as consumer control becomes a priority, a Fund Executives Association briefing has been told.
Fidelity's Tom Keenan resigns
Fidelity Australia’s national accounts manager for NSW and Queensland, Tom Keenan, resigned on Friday and will soon resurface at another global asset manager.
Investor rewards for illiquid bets only 50bps: Russell study
The return premium that institutional investors can expect due to the illiquidity of some alternatives, such as private equity, may be as low as 0.5 per cent according to new research.
UTS hosts first gathering looking at market ‘dysfunctionality’
University of Technology Sydney is hosting its inaugural conference on ‘Capital Market Dysfunctionality’ following the receipt of funding for research into the role of funds management in capital market efficiency or inefficiency.
Cuffe to speak out on social responsibility and fin services
Chris Cuffe, the philanthropy sector’s best-known recruit from funds management, will speak at the next UNHCR twilight briefing in Sydney next week.
Wanted: wealth manager for Arab Bank’s 25,000 customers
Arab Bank is seeking requests for proposals to partner it in building a wealth management offering for its burgeoning customer base.
Watson Wyatt seeks senior consultant, fixed interest researcher
Asset consultant Watson Wyatt is seeking to fill two newly-created senior roles.
Alpha triples FUM with two insto mandates
Australian equities funds manager Alpha Investment Management has more than tripled its FUM with two mandate wins in two months.
$1bn in 5 months for Troy Angus’ Paradice broad market fund
After a remarkable show of support from institutional investors, Paradice Investments’ broad markets fund has closed to new applications after raising $1 billion since opening in May.
BNY Mellon to shift $25bn from ANZ to NAB
BNY Mellon Asset Servicing, the global custodian resulting from the merger of Bank of New York and the Mellon group, is to move its $25 billion of Australian assets under custody from ANZ to National Australia Bank.
