Russell Investment Group is seeking its first Australasian portfolio manager for ‘short term investments’, to handle a spike in clients’ need for cashflow management.
Following strong domestic growth in derivatives usage, due to activities such as securities lending, Russell has decided to expand its implementation team in order to manage the increase in collateral cash-flows. John Moore, director of Russell implementation services Australasia, said that the implementation business had grown at close to 100 per cent per annum since inception two-and-a-half years ago. This hire will bring the team to six members. Russell is still canvassing for potential candidates
13/05/2008
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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