GESB has split its non-core assets into three new risk buckets as it adopts a more risk-aware approach to its investments, and has invested in private equity secondaries through its private markets program.
The chairman of collapsed boutique Ascend Asset Management, Alan Beasley, led a deserted general shareholders meeting last week in Sydney, in which only one proxy vote was lodged in person.
The Australian Securities and Investments Commission has told superannuation funds they will be temporarily allowed to give limited financial advice to members, following a spike in call centre enquires in the midst of the financial crisis.