Gold derivatives trader GoldLink Capital has completely unwound positions in one of its listed investment vehicles, and is in the process of realising those held in another, after plunging volatility in the gold market undermined its investments.
CSRF doubles exposure to emerging markets
Catholic Superannuation and Retirement Fund (CSRF) has increased its allocation to emerging market equities from 3 to 6 percent, reducing some of its weighting in Australian equities.
State Street win to increase master custody competition
In a major fillip for competition among Australian-based master custodians, State Street Investor Services has won its first major client since returning to the business last year.
CitiStreet expands to meet super fund service needs
CitiStreet has announced that several new appointments have been made within its Australian team to enable the member administrator to meet client demand for more specialised services.
AustralianSuper to cash up 'til market settles down
The $28 billion AustralianSuper will hold all inflows in cash until “;the market picture becomes clearer”;, chief executive Ian Silk told a gathering of participating employers last week.
Lam's Suncorp role to be more than strategic
Stephen Lam’s new role within the merged Suncorp group will include hands-on responsibility for the $1.6 billion international equities portfolio.
Hedge fund 'beta' should be cheaper, says hedge fund manager
Returns generated by well-established hedge fund strategies could be categorised as ‘hedge fund beta’, and manager fees correspondingly lowered, according to Gregor Andrade, AQR Capital Management vice president.
IAG looks to outsource Aussie equites team for MLC-backed boutique
Insurance Australia Group (IAG) is facilitating the outsourcing of its Australian equities team to form a new boutique to be backed by MLC.
Challenger rejigs investment reporting lines
Challenger has reorganised its investment reporting lines following the departure of chief investment officer, Allan Sheen, with Chris Durack moving to a general manager, investments role.
Sunsuper alternatives head takes job at Virginia endowment
The former head of alternatives at Sunsuper, has left the fund to take a role at the University of Virginia Endowment Fund, and his role at Sunsuper has been split in three.
First State Super appoints Smith to board, finalises consultant
First State Super has appointed former ASFA chief Philippa Smith to its board, and finalised an investment consultant review.
NGS Super to offer in-house financial planning
The Non Government Schools Superannuation Fund (NGS Super) will change its licence in order to set up a fully-owned subsidiary company to provide financial planning advice.
