Super funds reduced new commitments to alternative investments in 2008 amid a tepid decline globally in alternative assets due to capital calls and some hedge funds freezing redemptions, new research has found.
Australian super funds could pass on significant cost savings to members by controlling trading costs within their portfolios, according to the director of sales and trading at Investment Technology Group (ITG).
Asset consultant Watson Wyatt has made two senior appointments, including a former executive of Sovereign Investment Research, as it goes against the prevailing industry trend of job cuts.
Twenty three years ago Stuart Piper was the fixed interest manager for the fledgling asset management business of the broking firm known as Dominguez Barry Samuel Monatgue, who had just won a new big client – MLC.
The Australian Custodial Services Association (ACSA) has re-elected as chair the managing director of State Street Investor Services, David Travers, while the release of its industry statistics has been delayed due to definitional problems.
The Australian Custodial Services Association (ACSA) has re-elected as chair the managing director of State Street Investor Services, David Travers, while the release of its industry statistics has been delayed due to definitional problems.
Zurich Financial Services Australia has decided to exit the member administration business for big super funds, outsourcing its only industry fund, the Accountants Superannuation Fund, to the administrator and trustee of Recruitment Super.