Those that have made high returns by overpaying for higher-risk/lower-quality credit have been lucky and credit conditions are unlikely to be so easy in the future, writes Michael Block. Now is the time to take a very thorough look at one’s credit exposures.
Scale is a double-edged sword but fund managers with the right model can make it work. And while other super funds are internalising as fast as they can, Aware Super will never completely abandon outsourced management.
Mulligan takes up Netwealth board spot
(pictured: Kate Mulligan)
Kate Mulligan, the chief executive of the investment industry legal services firm King Irving Consulting, has joined the board of the wealth management firm Netwealth, increasing the number of independents on the board to three.
Netwealth is one of the largest privately owned wealth management and advisory companies. It is controlled by the Heine family.
The company’s chair is Jane Tongs, a former partner at PwC. The other independent director is Davyd Lewis, a former partner at Mallesons Stephen Jaques. The managing director is Michael Heine.
Mulligan is a former managing director of the boutique multi-manager All Star and Ventura Funds Management and, before that, managing director of Advance Asset Management.
