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The Future Fund’s decision to take risk off the table resulted in a lacklustre return and criticism from the super sector. But advisers know the journey matters as much as the destination.
Active management might be back in a big way but asset managers need to make sure they’re getting what they pay for: skill, not luck. Figuring out manager style and factor biases is key.
Lee Hatton has departed Suncorp as its chief executive of banking and wealth after just three months in the job. Hatton acknowledges that her departure is due to the impacts of the commute from Sydney to Brisbane on her family.Bruce Rush has been appointed as acting chief executive of banking and wealth until a permanent…