Nicole Connolly, head of alternatives at Telstra Super, will leave the big corporate fund to take a senior consulting role.
Already faced with its own million-dollar legal bills, MTAA Super has been hit with an order from the Federal Court to pay legal costs incurred by its former chairman, John Rickus, after unsuccessfully suing him.
The equities team at the Future Fund, which is currently responsible for more than $25 billion in mandates with external managers, has added a fourth member from the senior ranks of a retail funds rating agency.
The University of Sydney endowment will invest directly in hedge funds for the first time, after its investment team identified some sufficiently skilled managers with newfound capacity.
James Packer's Ellerston Capital, which tried unsuccessfully to poach Perpetual Investment's head of equities John Sevior, has now lost its veteran long/short manager to that organisation, which has also just poached from Platinum Asset Management to incubate an Asian equities strategy.
The UBS Institutional Funds Group has made up for the departure of its head, Nick Carrigan, with the poaching of a transition management and overlay expert from a competitor.
The cost of a single-issue piece of financial advice to a super fund member, which funds often subsidise, could be slashed 80 per cent by automating the answers to simple questions around investment options, contributions, insurance and retirement, the makers of a new system claim.
The Australian Custodial Services Association (ACSA) has announced the winners of the 2010 ACSA Awards.
