The New Year will herald the first Investment Stewardship Award, with sponsorship of it coming from the Victorian Government.
The award applies to all industry, institutional, charity and non-profit organisations with at least $500 million in assets under management.
Entrants for the award also need to have a performance history of three years or more.
“It’s time to recognise the importance of Investment Stewardship as crucial to a long-term investment approach, recognising not just the importance of investment returns, but also good governance and innovative thinking, as forming part of a modern, responsible investment business,” award judging panel chair John Gall said.
The stewardship award will be presented at the 2007 Melbourne Financial Services Symposium, which also offers a forum for international investment leaders to discuss the major issues for the financial services industry around the world.
