Julie Lander, chief executive of the $4.6 billion superannuation fund CareSuper, says she is hopeful a merger with AssetSuper will be approved by the two funds’ boards by year-end, and completed in 2012.
Mark Genovese, chief executive of the $700 million Maritime, Mining & Power Credit Union, says he is pursuing a similar strategy to Australia’s four largest banks by establishing close relationships with superannuation funds AusCoal and Maritime Super as the funds seek “solid returns”.
The hedge fund industry is facing a transformational crisis. For firms to survive, they have to address key shortcomings. If they do, they represent the future of active asset management. This is a key theme in a new report from the US consulting firm Casey- Quirk, which provides research and advice on the funds management […]