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 May 2008 00:00
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Investments
Ryan Riedler, head of ASX core strategy, Australian equities at Cbus, says the fund will look to generate alpha locally through engagement and that internalisation will help it strengthen its connection with other market participants, as well as its brokers and service providers.
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