operational

Administration

Average operational costs per member rising

Operational costs are on the rise and on a per member basis have nearly doubled in ten years, shows analysis carried out by consultant group Bridge. APRA data on operational and administration costs and released in January shows that in 2004 the average per annum amount spent on operational costs per member was $94, but […]
Investment Strategy

JANA halves hedge fund fees, reins in risk with managed accounts

JANA Investment Advisers believes identifying the beta drivers in hedge fund returns has enabled it to halve fees in the notoriously expensive asset class, as the consultant recommended clients allocate as much as 15 per cent of their portfolios to the strategies. Michael O’Dea, portfolio manager of JANA’s Triplepoint hedge fund-offunds (hedge FoFs), said investors […]
Investment Strategy

JANA halves hedge fund fees, reins in risk with managed accounts

JANA Investment Advisers believes identifying the beta drivers in hedge fund returns has enabled it to halve fees in the notoriously expensive asset class, as the consultant recommended clients allocate as much as 15 per cent of their portfolios to the strategies. Michael O’Dea, portfolio manager of JANA’s Triplepoint hedge fund-offunds (hedge FoFs), said investors […]
Investment Strategy

… as fund gets financial health check

In a first for the superannuation industry, Mercer has produced a financial condition report – required by legislation in the insurance industry – for NGS Super assessing the operational risks within the fund, and now plans to roll out the service to other large superannuation funds.
Investment Strategy

AGEST mulls merger offer as CEO gets FEAL honours

Invited to join the merger between the Australian Reward Investment Alliance (ARIA) and Military Super, the $3.3 billion AGEST Super will accept or reject the offer only after the form and operational details of the new entity become clear. The $17.4 billion ARIA and $2.9 billion Military Super are scheduled to operate under one trustee […]
Investment Strategy

AGEST mulls merger offer as CEO gets FEAL honours

Invited to join the merger between the Australian Reward Investment Alliance (ARIA) and Military Super, the $3.3 billion AGEST Super will accept or reject the offer only after the form and operational details of the new entity become clear. The $17.4 billion ARIA and $2.9 billion Military Super are scheduled to operate under one trustee […]
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