Boards urged to focus on strategy, not implementation

A greater focus on strategy and asset allocation rather than smaller matters is a simple step for boards and investment committees to improve fund performance, delegates at the Conexus Financial Chair Forum heard last week. Discussing the relationship between good governance and investment performance, chair of the investment committee at Equip Super, Andrew Pickering, said […]
Investment Strategy

AvSuper mandate for Perpetual

The aviation industry-based superannuation fund AvSuper has awarded a $75-million mandate to Perpetual Investments, to be managed in a concentrated Australian equity strategy. AvSuper has about $1.4 billion in funds under management and 6100 members. The concentrated equity strategy is managed by Paul Skamvougeras, who says the concentrated equity portfolio typically holds about 30 stocks. […]
Investment Strategy

AvSuper custody contract rubs salt in NAB wound

Pierre Jond, the man in charge of BNP Paribas’ custody business in Australia, confidently predicted this year there will be “good news” for his bank in winning new business. The statement by AvSuper that the $1.25 billion fund has chosen the French bank as its new custodian is good news, even if the modest size […]
Investment Strategy

Integrity at Integrity Investment Management

At Integrity Investment Management’s offices near a leather couch that visitors sit on before seeing Paul Fiani and his team, various awards are displayed. On one wall a certificate proclaims the firm was a finalist for Morningstar’s 2007 fund manager of the year. Trophies on a table show Integrity was Lonsec’s 2009 and 2010 fund […]