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Australia
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Gordon Hagart, who spent four years at the Future Fund, is set to join the Australian Council of Superannuation Investors. The Future Fund has already begun to seek his replacement.
Apec ministers from Singapore, South Korea, Australia and New Zealand agree to develop a framework to facilitate regional cross-border fund sales in a move that could reshape the industry.
The great rotation from fixed income to equities is yet to occur. But the future of the asset class is up for debate as the Federal Reserve looks to taper its QE programme.
There is growing interest among regulators and exchanges in Asia in the introduction of national tri-party collateral platforms to mitigate against counterparty credit risk.
While initially targeting the Australian retail market with three new retirement funds, State Street Global Advisors is likely to bring similar strategies to Asia.
AMP Limited's CEO-in-waiting, Craig Meller, is prioritising growth in China in a drive to turn around its investment management arm's shrinking AUM in Asia following a rout in Japan.
The average superannuation fund in Australia grew by 14.7% in the last fiscal year, the third highest on record, powered by international and domestic equity holdings.
