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State Street the largest institutional managerBY KANIKA SOOD | MONDAY, 19 APR 2021 12:32PM
State Street Global Advisors took out first place in Rainmaker's latest rankings of local institutional investment managers by total assets to December end.Read more: First Sentier, QIC, Vanguard, IFM Investors, Pinnacle Investment Management, State Street Global Advisors, VFMC, Victoria Funds Management Corporation, Rainmaker, BlackRock Australia, Macquarie Investment Management
Lifecycle MySuper was a better bet than single strategy default funds for members below 40 years of age in FY21 as the equity markets rebounded after COVID, according to Rainmaker Information.
The advice group has appointed a head in Queensland, reporting to chief executive Terry Dillon.
Australia's exchange traded product market reached $115 billion at the end of June 2021, increasing 76% in 12 months - but according to Rainmaker research, only a small portion of that growth came from performance.
The chair of Clime Investment Management and one of its shareholders are calling for the removal of long-serving executive Neil Schafer.
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