sector

Hedge Funds

LGS increases Aussie equities risk

Local Government Super (LGS) has converted a passive mandate to an enhanced passive mandate with State Street in a move to increase its active risk. The fund has awarded the manager a $780 million active Australian equities mandate. Chief investment officer Craig Turnbull told IM online the fund is giving State Street “more scope” on […]
CMSF

Funds vow to fight SMSF exodus

Leading superannuation funds are preparing to strike back against the appeal of self-managed super funds (SMSFs) by offering inhouse self-managed options to members. In a panel session which revealed how SMSFs now represent 32 per cent of all superannuation funds, larger than any other sector, HOSTPLUS said it would be offering members a self-managed investment […]
CMSF

Board independence under Q&A microscope

Not unlike a typical edition of ABC’s Q&A, host Tony Jones moderated a robust discussion on yesterday’s Super Q&A panel. Opening CMSF 2013, the panel debated a potential leadership spill in Labor, super reform fatigue and executive pay disclosure. Perhaps most controversial was the debate on equal representation on boards, with Garry Weaven, chair of […]
Investment Strategy

Giving Medicare the clearing house could be a hospital pass

The Federal Government’s choice of Medicare as its free super clearing house for small businesses has baffled private service providers, who say the hasty decision smacks of a Band-Aid applied hastily to cover election promises . However, the Association of Superannuation Funds of Australia (ASFA) is cautiously optimistic that “SupiCare” (as industry wits have dubbed […]
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