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Hyperion joins Packer in taking Magellan profitsBY MARK SMITH | THURSDAY, 22 AUG 2013 11:40AM
Top-performing investment boutique Hyperion Asset Management has joined billionaire entrepreneur James Packer in selling down holdings in global equity and infrastructure fund house Magellan Financial Group.Read more: Hyperion Asset Management, James Packer, Magellan profits, MFG Board, Investment, Australian Securities Exchange, July, Mackay, Magellan Financial Group, ASX, Audit, Captial Markets Group, Consolidated Press Holdings, Director, Dr Cairns, Former Meryll Lynch, General, Hollywood film production finance company Packer, January 2007, Magellan Asset Management Limited, Magellan board member Dr Brett Cairns, Magellan co-founder Chris Mackay, MAM, October 2012, RatPac Entertainment, Risk Committee, Rush Hour producer Bret Ratner, September
Australian super funds growing their in-house asset management teams is having a positive impact on gender equality in investment management, with more women wanting to work with profit-to-member funds than other funds management firms.
AvSuper today advised it has invited a select number of super funds to discuss a potential merger, having determined it would be in the best interests of members to do so.
Fresh proposals from the Australian Law Reform Commission aim to simplify several complex areas of financial advice legislation.
The last sitting day for parliament this year has come and gone without progressing legislation designed to make sure those earning less than $450 a month are paid super.
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