GESB

Governance

Super Salary Survey: How do they line up?

Two philosophies dominate superannuation remuneration – those who believe top dollar and bonuses attract the best, and those who believe this is the antithesis of the profit-to-members ethos John Pearce, chief investment officer of UniSuper, was the highest paid employee in industry superannuation in 2014.  In a not-for-profit sector where there is widespread unease at high […]
Administration

Northern Trust offers operational alpha

Operational alpha is a major means of providing custody service and enabling businesses, said Rohan Singh, managing director of Northern Trust in Australia. Northern Trust’s technological platforms covering unit pricing, accounting and Australian tax, are citied by Singh, as very attractive features to institutional investors. “We provide what some have termed operational alpha,” Singh said. […]
Hedge Funds

GESB gains control of fixed-income portfolio

Moving away from aggregate or composite-bond portfolios that mix credit and sovereign debt to awarding specific mandates will give the $12.8 billion Government Employees Superannuation Board (GESB) greater control of its fixed income portfolio. GESB recently announced $2.28 billion of new fixed-income mandates to three managers, and a wide-ranging restructure of its fixed-income portfolio. Steve […]
Investment Strategy

GESB eyes infrastructure and debt

The $12.8 billion GESB fund, responsible for the superannuation of Western Australian public servants, wants to increase the diversity of its portfolio, investing more in infrastructure and different types of debt and credit. Acting chief investment officer Steven McKenna says the fund is looking for different risk exposures in the overall portfolio and is interested […]
Investment Strategy

GESB awards $2.28 billion to managers

Increasing the global focus of its fixed-income portfolio, including gaining greater access to international credit markets, is behind a decision by GESB to award mandates worth a combined $2.28 billion to three fixed-income managers. Steve McKenna, GESB’s acting chief investment officer, said that Wellington Management Company was awarded a $706 million mandate to manage part […]