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First State Super, VicSuper merger talks progress

JAMIE WILLIAMSON  |  TUESDAY, 23 JUL 2019
... terms of investment returns, MySuper investment returns from June 30 show VicSuper has achieved a five-year return of 8.23%, close to First State's 8.3%. Over a 10-year period, VicSuper has outperformed First State, achieving 9.17% and 8.77% respectively. ...

Super fund hires strategy lead from MLC Life

KANIKA SOOD  |  MONDAY, 22 JUL 2019
An $80 billion industry superannuation fund has hired a former MLC Life chief customer officer. Anand Thomas is joining UniSuper as chief strategy and marketing officer, in a role that will work closely with the chief executive Kevin O'Sullivan. ...

New investment role at industry fund

ELIZABETH MCARTHUR  |  MONDAY, 22 JUL 2019
... leadership at the fund. The role will involve overseeing middle and back-office functions of the investment team and creating a close partnership between execution and investment management to strengthen the fund's internal investment team. HESTA chief ...

FPA launches Tinder for advisers

ELIZABETH MCARTHUR  |  FRIDAY, 19 JUL 2019
... the future of financial advice. He added: "We are very excited about this tool and we feel it has the potential to really close the information gap that seems to prevent a consumer from taking that next step."

Russell launches next gen managed accounts

ELIZABETH MCARTHUR  |  THURSDAY, 18 JUL 2019
... goals - not tracking or beating a benchmark," said Hampshire. Russell said the Australian managed account market now has close to $65 billion in funds under management. The investment manager's research suggests the surge in popularity of managed accounts ...

APRA forced to overhaul culture, capabilities

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
The prudential regulator has been criticised for its poor culture, leadership and regulation of the superannuation sector following a landmark review that will force it to overhaul its entire structure. The Australian Prudential Regulation Authority ...

Investment bank names new APAC markets head

KRISTI CHENG  |  TUESDAY, 16 JUL 2019
... Pecot joined Barclays in 2018 as head of equities, where he was responsible for leading the Asia Pacific franchise. He has close to 25 years of industry experience, and was head of Prime Services and head of equities distribution at Credit Suisse in ...

Wealth jobs in demand

HARRISON WORLEY  |  MONDAY, 15 JUL 2019
The wealth management labour force is set to continue expanding in the second half of the year according to recruitment firm Hays. Releasing its 2019/20 Salary Guide into Australia's job market, Hays said 47% of wealth management employers surveyed ...

Coolabah buys retail fund manager stake

KANIKA SOOD  |  THURSDAY, 11 JUL 2019
Christopher Joye's Coolabah Capital Investments is taking full ownership of a retail fund management business it developed as a joint venture with Yellow Brick Road. Smarter Money Investments offers fixed income and cash strategies managed by Coolabah. ...

Small caps boutique shuts doors

KANIKA SOOD  |  WEDNESDAY, 10 JUL 2019
A Sydney small caps manager set up by telco entrepreneur James Spenceley has shut down its only fund after it failed to swell funds under management. Mhor Asset Management kicked off in August 2016 with the former Vocus chief executive joining forces ...