There are fewer super funds, and associations that represent them, than ever before. But multiple layers of industry representation working at cross-purposes means that true unity has remained elusive, according to the Financial Services Council.
The world’s largest sovereign wealth fund just made its largest return ever. But the probability of extreme market events has “arguably risen”, and it’s carrying out stress tests for a more uncertain future.
Treasury’s Walsh heading to Rotterdam
(Pictured: Peter Walsh)
Peter Walsh, the director of distribution at the listed multi-affiliate manager Treasury Group, is heading overseas in the new year to take up a big job at Robeco in Rotterdam, in the Netherlands.
Walsh, who has been a researcher, lecturer and funds management marketer in his career, has been at Treasury for three years. He had previously established the Australian presence of Putnam Investments in the mid-2000s, before that relationship was subsumed in the merger of BT, Westpac and Rothschild.
Treasury Group recently announced it was selling its small Asian equities manager affiliate, Treasury Asia Asset Management, to Nikko Asset Management.
Walsh said he would remain with Treasury until the end of the year and then look to start at Robeco in February. Family reasons were a big part of the move, he said, as his Swedish-born wife and their young daughter would be a lot closer to his in-laws.
Walsh’s new job is head of consultant relations at Robeco. The firm is the former funds management arm of Rabo Bank. It has about US$250 billion under management.
