New industry award in 2007
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.
Recommended for you
Multiple industry organisations have shared their thoughts on AFCA’s proposed rules amendment, supporting the idea of firms being named publicly when they fail to comply with determinations.
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
