After a year that will live in infamy for the construction industry fund, Cbus has announced double digit returns across two of its products. Meanwhile, CIO Brett Chatfield is scrutinising the potential market impact of Trump’s policy agenda.
Jun Bei Liu and Jason Todd want to shoot the lights out with their newly-launched long-short hedge fund, but they also want to explore new distribution models and client segments as they strike out on their own.
Turner takes a package as Harwood readies to close
Mike Turner, the manager of communications at the Harwood super fund, has taken a redundancy package ahead of the proposed outsourcing of the fund to a master trust or industry fund (see separate report this edition). Turner, a former securities servicing and super administration executive, said last week that he was taking a holiday before considering his options.
Turner left Harwood, the CSR Ltd and associated company fund, last week after four years. He had previously spent three years at Australian Administration Services but is probably best known in the industry for his five years at Pillar Administration before that.
As general manager of marketing at Pillar, Turner drove the NSW Government-owned body’s expansion into the wider marketplace, winning its first non-government clients and implementing a contemporary marketing plan.
Turner said he wanted to take some time to decide on the next phase of his career. He began in financial services as a broker and later moved into securities servicing at what was then National Australia Custodian Services (now NAB Asset Servicing), heading up the Sydney presence.
