AUSTRALIA - Crédit Agricole Asset Management will be strengthening its Australia and New Zealand focus by opening an office in Sydney to target the pension fund markets in the both countries.
The firm appointed Richard Borysiewicz, formerly of Skandia Australia, to head up the Sydney branch. He will be in charge of presenting CAAM products in the global fixed income, absolute return, currency,...
AUSTRALIA - The wheels were finally set in motion to raise the contribution limit in Australia to 12% from 9% with the introduction of a new bill today.
AUSTRALIA - The A$73.2bn ($78.2bn) Future Fund lost 2.9% in the third quarter, though moves to decrease equity exposures helped stave off more drastic losses.
AUSTRALIA - The median balanced superannuation fund has fallen for the fifth consecutive month returning -1.8%, -4.9% for the September quarter and -3.8% for the past year, SuperRatings finds.
AUSTRALIA - The merger between the A$2.4bn (US$2.5bn) StatewideSuper and the A$1.7bn Local Super will move to the next stage, beginning the due diligence process following approval in principle from the funds' major shareholders.