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State Super names new chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 21 JAN 2021
State Super has appointed a new chief investment officer, replacing Gary Gabriel who departed for VFMC last year. Charles Wu has been affirmed in the role, promoted from deputy chief investment officer and general manager, defined contribution investments. ...

Ophir readies new fund

KANIKA SOOD  |  THURSDAY, 21 JAN 2021
The equities boutique will launch a new mid-cap focused equities fund, as its last fund readies for a hard close at January end. The Ophir Global High Conviction Fund will be an extension strategy to the $773 million Global Opportunities Fund, with ...

TAL continues successful FASEA course

ELIZABETH MCARTHUR  |  THURSDAY, 21 JAN 2021
Life insurer TAL has launched another round of its FASEA exam masterclass, which aims to prep financial advisers for the exam. The masterclass, run through TAL Risk Academy, has proven very popular with TAL noting it is one of the most attended courses ...

Zenith partners with MSCI

ELIZA BAVIN  |  WEDNESDAY, 20 JAN 2021
Zenith Investment Partners has partnered with MSCI to enhance the delivery of institutional-grade portfolio analysis, service scalability, insights and reporting to its managed account portfolio clients. Zenith said it will roll out the MSCI BarraOne ...

MySuper eyes growth asset returns

KARREN VERGARA  |  MONDAY, 18 JAN 2021
... sector. Its volatility was much closer to balanced (7.6% p.a. versus 7.4% p.a.) than it was to growth (9.5% p.a.)," the report read. Rainmaker's quarterly scorecard anlayses investment returns, volatility and other standard risk measures, aiming ...

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
The longer the Eurozone takes to get on top of the resurgence, the longer the lockdowns, the greater the risk of a double-dip recession. COVID-19 infections in Europe started re-appearing and multiplying sometime around October last year. The growth ...

Platforms start to shake ERS impact

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... includes a significant drop in outflows (to A$0.5bn) which should see platform flows inflect positive in 4Q CY20," the note read. Credit Suisse thinks the ERS's end in December 2020 should benefit the institutional platforms like IOOF, who were the most ...

Macquarie IM the nation's largest manager

KARREN VERGARA  |  THURSDAY, 14 JAN 2021
... Capital. "Australia's total FUM market, including overseas sourced and sub-advisory, amounts to $4.3 trillion," the report read. Australian-sourced FUM reached $2.7 trillion at September end.

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
MLC Life has appointed a new chief life insurance officer, as Sean McCormack gets ready for a February 26 departure. The role is going to Michael Rogers, who has worked as QSuper's general manager for insurance while it set up its own insurer QInsure. ...

Crypto fortune hinges on forgotten password

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
... New York Times. On Twitter, he saw the funny side of his situation, saying that he loved the suggestion from someone who read the article that it be turned into a movie where he "reconnects with some long-lost love that he thinks is the basis for the ...