m&a

Too many funds, too much under performance, fees still too high: Rowell

While the 'numbers' in the super industry are broadly positive APRA's outgoing deputy chair Helen Rowell said some of them are still working against the best interests of members.

Stewart HawkinsMay 19, 2021

Suncorp and Energy Super were LGIA’s two top targets: Kate Farrar

The deal announced today by LGIA to acquire Suncorp Portfolio Services was funded out of general reserves; the fund accumulated $100 million in general reserves over the last 10 years, mostly a result of capital it had set aside from conservative crediting rate estimates.

Matthew SmithApril 28, 2021

Investment Strategy

Treasury Group to add another asset manager

Treasury Group is looking for more acquisitions. After adding a seventh asset manager to its stable of boutiques, Treasury Group’s chief executive Andrew McGill expects to sign an agreement with an eighth asset manager before year end. “We’re in active dialogue with a number of parties,” says McGill. “I expect an announcement before the end […]

I & T NewsJune 1, 2012

Investment Strategy

Merger pressure builds for super funds

Superannuation funds, which collectively manage about $1.4 trillion, will be forced to merge to satisfy capital requirements imposed by the Australian Prudential Regulation Authority, says merger adviser Nigel Lake. APRA’s new capital requirements, to be enacted in July 2013, will force some of the funds to find capital, says Lake, joint chief executive of Sydney-based […]

I & T NewsMarch 28, 2012

Investment Strategy

Treasury Group’s bold ambitions

It is casual Friday at Treasury Group. Its chief executive Andrew McGill is sans tie. Still, as befits a former investment banker and private-equity general partner, McGill, 44, has perfectly coiffured hair, cuff links from New Mexico and a black-faced Rolex given to him by his wife. McGill gives off more than a whiff that […]

I & T NewsMarch 26, 2012

Investment Strategy

New Nikko CEO ever acquisitive

Charles Beazley, the soon-to-be chief executive of Nikko Asset Management, has a personal story of rejection. Henry Jenner was consecrated Anglican bishop of Dunedin, New Zealand, in 1866. The prospective congregation feared the new clergyman was a papist. Shunned by the locals, Jenner had no choice but to return to England. The man’s ancestor is […]

I & T NewsMarch 14, 2012

Investment Strategy

At asset manager Perpetual it is all smiles

Under a glass covered case at Perpetual Ltd.’s Sydney headquarters medals are displayed. One hundred employees enlisted for active service in 1940. Staff raised a fund for employees who served abroad during World War II. Now the firm’s employees are in another fight. Perpetual is the subject of takeover speculation. Investor Gary Weiss, says the […]

I & T NewsFebruary 20, 2012

Investment Strategy

Brogden expects more fund mergers

As many as six foreign asset managers come through the doors of the Financial Services Council every year interested in acquiring a stake in an Australian fund manager in order to enter an $1.8 trillion market. “Four to six times a year foreign fund managers come through our doors seeking opportunities to enter the market,” […]

I & T NewsFebruary 15, 2012

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