An ASIC report notes the boom in demand for this asset, saying it heightens the need for “better-quality data” about the size of this sector where estimates range between $1.8 billion and $188 billion.
CPA Australia has weighed into the debate about the cost to oversee the industry, adding its voice to those who argue the fee structure favours the larger funds.
Future Fund builds on equities research
(Pictured: Tanya Branwhite)
The Future Fund has recruited researcher and strategist Tanya Branwhite from Macquarie Bank as a director in its equities team. The move followed the departure this month of Elspeth Lumsden, who is now pursuing post-graduate academic studies at Melbourne University.
Sarah Carne, who is acting head of equities following Lumsden’s departure, said last week: “We’re absolutely delighted that Tanya is joining the fund and bringing her skills and experience to the organisation. Her exceptional qualities as an equity strategist are very well known but she will also play a major role in helping us continue to develop the total portfolio in line with our ‘one-team’ approach.”
Branwhite, who starts at the Future Fund in March, had been at Macquarie for 11 years, most recently as head of Australian macro research. Before that she was head of quantitative analysis at Credit Suisse and before that an equity analyst at Deutsche Bank.
Lumsden, who had been at the Future Fund since 2007, announced her intention to leave late last year. She had a lot of experience in international equities, at VFMC and before that at Northern Trust and AXA in the UK.
