Kate Farrar, the chief executive-elect for the combined LGIAsuper and Energy Super, says the funds are looking to build something that’s a bit different – “a boutique at scale”. “Both funds had the same strategy going into this,” she said after her role was announced last week (March 8), to take effect on July 1…
NAB Asset Servicing is expected to be confirmed as the asset servicing partner of the combined LGIAsuper and Energy Super following competitive pitches between the incumbents of both funds. Thomas Murray was adviser to the new $20 billion fund. The win is a major victory for NAB Asset Servicing (NAS). It is the biggest contested…
Fossil fuel investments held by the world’s largest fiduciary funds – sovereign wealth funds and public pension funds – have risen to their highest level since 2011, according to a report by SWF Global. The State-Owned Investor (SOI) data collected by the US-based organisation for its March quarter report, show fossil fuel assets jumped in…
Last year’s early release scheme for super fund members was a major event for both members and their funds, according to a report by advisory firm EY. For many funds it was an opportunity, too, which was largely missed. The EY report and short video, ‘Rethinking Member Engagement’, says: “As a result of the Government’s…
Fullgoal Asset Management, one of China’s first fund managers to attract offshore shareholders, is widening its international distribution base. It has joined with third-party marketing firm 3PD for Australasia. A subsidiary of Shanghai-based Fullgoal Fund, which was established in 1999 and has about US$151 billion (A$195 billion) under management, as at December last, Fullgoal has…
Mantis Funds, Australia’s latest multi-affiliate manager, launched last year by Timothy Cheung and Damien Hatfield, has strengthened its governance alongside its fund manager portfolio. Rodney Green, a founder of what is now known as Pacific Current Group, a pioneer in the multi-affiliate space, is to join the board of Mantis Funds. As co-founder and managing…
Insight Investment has put the case for active asset allocation for investors over the market cycle, but especially now when both traditional defensive and growth assets are at troubling levels. In a webinar last week (February 25), Bruce Murphy, the Australia and New Zealand country head for Insight, a BNY Mellon company, said that there…
Even a passive portfolio consisting entirely of Aussie equities can provide some of the defensive and yield-bearing characteristics that retirees usually need with a couple of smart-beta-type tilts. The latest short research note from Parametric, the implementation-focused manager, examines what such a strategy, which it calls ‘Keep Calm and Carry On Investing’ would have done…
Michael Power, the high-profile head of strategy for global fund manager Ninety One – formerly Investec Asset Management – presided over a research project last year, called ‘The Road to 2030’. He now says: “2030 is closer than you think.” Power spoke at an investor webinar last month (February 16) in which he laid out…
Hyperion Asset Management is Morningstar’s ‘Fund Manager of the Year’ as well as the top Australian large and small-cap manager, it was announced at the annual awards gathering on Friday night (February 26). A contender with Morningstar for the past three years in a row, the manager has already picked up the Money Magazine ‘Best…
