(Pictured: Peter Sartori) by Greg Bright Australian institutional investors are generally considered to be among the most sophisticated with their offshore investments. They pioneered international infrastructure and have been enthusiastic participants in overseas private equity, direct property and other real assets. But what about listed equities? While adopting an allocation, on average, of more than 30…
(Pictured:Â Ian Perkins) Ian Perkins has kicked his first goal since becoming acting chief executive of BNP Paribas Securities Services in Australia, with the successful bid for custody and investment administration of TWU Super. The new contract, announced last week, followed a review by the fund with assistance from specialist consultant Drew Vaughan of Dymond, Foulds…
(Pictured:Â Sam Sicilia and Nicolle Rantanen) The CIO and COO Awards, which were presented for the first time last week under the joint production of founding sponsor La Trobe Financial and the Fund Executives Association Ltd, will be expanded next year to include a category for CFOs. The Awards, which carry a cash prize of $10,000…
(Pictured:Â Phillip Weinberg) BestEx, the Australian provider of outsourced trading services to fund managers and super funds, is to launch a new-style trading ‘venue’ which aims to combine the best of the ‘lit’ and ‘dark pool’ markets. To be launched in Australia in the first quarter of next year, the trading venue, called Block Event, will…
(Pictured:Â Rob de Silva) Heuristic Investment Solutions expects to eventually start talking to former members of the van Eyk research team in their new ventures, after the collapse resulted in the loss of one of their major platform clients. “We did some work for them for about seven years,” Heuristic co-founder Damian Hennessy said. Heuristic, which…
(Pictured:Â Adam Lancaster) Two of Ausbil Investment Management’s stalwarts, Adam Lancaster and Mark Reilly, have left the firm to take a break from the industry for a while. Reilly, the chief operating officer, has been replaced by Simon Blakers while a search for Lancaster’s replacement is nearing completion. Blakers, who started at Ausbil last month for…
‘Chief Investment Officer’, the US-based industry magazine, has a bold lead story in its December issue. It says: “By the time you read this sentence, Russell Investments may be no more.” The magazine’s online newsletter, aiCIO, said on November 20: “If you read this in November, Russell will likely remain what its official biography claims…
(Pictured:Â Connie Mckeage) The new Eureka Report and OneVue will charge broker fees or asset-based fees for the range of investment products on their new investment platform brightday. OneVue Group chief executive officer, Connie Mckeage, said the platform was created for the kinds of investors that have some interaction with professional advisers and accountants but like…
 (Pictured: Philip Hind) Over 150 large APRA funds will be receiving contributions via the SuperStream standard by Christmas, according to the Australian Taxation Office. Currently 100 funds are already receiving contributions through the new system with at least 50 more, including one trustee company for small APRA funds or SAFs, coming on by the end of…
(Pictured:Â Ashley Porter) by Patrick Liddy Welcome to the Third Industrial Revolution, it will change the nature of superannuation and, in particular, challenge the current choice of platforms for many, if not all, super fund members. The great economic revolutions in history were infrastructure revolutions. What made those revolutions transformational were technological breakthroughs which lead to…
