merger

Hedge Funds

Super funds reveal merger motivations

Building scale and operational capability, and new regulations are driving the desire for more superannuation fund mergers, according to a recent report by State Street. The paper, ‘Super fund mergers: Benefits, challenges and keys for success’ features a roundtable debate with representatives from institutional super funds Prime Super, AustralianSuper and Media Super, and is contained […]
Governance

Insurance key in Asset-CareSuper merger

More available and flexible income-protection insurance is a key reason why the Asset Super and CareSuper merger is good for Asset members, says the fund’s chief executive, John Paul. Both funds today formally announced their deal would proceed, with the new $6.5-billion fund formally merging on October 26. Both boards gave in-principle support for the […]
Investment Strategy

Equipsuper stops merger with Vision Supermerger

Equipsuper Superannuation Fund has halted its merger with Vision Super because it felt its investment team was not going to be supported. Equipsuper manages $4.6 billion in assets, of which about $2.1 billion is managed by external fund managers and $2.5 billion is managed by its chief investment officer and eight others. “The investment team […]
Investment Strategy

Equipsuper, Vision Supermerger off

Equipsuper Superannuation Fund has halted its merger with Vision Super because it felt its investment team was not going to be supported. Equipsuper manages $4.6 billion in assets, of which about $2.1 billion is managed by external fund managers and $2.5 billion is managed by its chief investment officer and eight others. “The investment team […]
Investment Strategy

Super funds seek J. P. Morgan advice

When Robert Bedwell was talking to J. P. Morgan Chase about a new job that would help manage relationships with the bank’s biggest asset management customers, he was concerned that he would not get the cooperation of the 1,400 people in Australia and New Zealand working for the company. Bedwell fears have not been realised. […]
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