The head of non-US business at State Street Global Advisors, Mark Lazberger, was appointed chief executive officer of Colonial First State Global Asset Management.
Homegrown hedge fund-of-funds provider, Everest Babcock & Brown, was awarded a $200 million mandate to customise an absolute return portfolio for Sunsuper.
UniSuper inked a five year contract to use Bravura’s ePASS admin system, for use by non-participating employers that contribute to UniSuper on behalf of ex-university employees who have opted to retain their UniSuper membership.
HSBC confirmed I&T News’ story that it would reestablish a wholesale wealth management business in Australia, appointing former Barclays Global Investors head of consultant relationships, Charles Genocchio, to run the business.
Perpetual transferred the responsible entity and management roles for its infrastructure funds to specialist infrastructure manager, Palisade Investment Partners.
A rare bit of inter-Brisbane poaching as Queensland Investment Corporation appointed Matthew Peter, formerly with Peter Higgs’ Tactical Global Management, as chief economist to oversee strategic investment research and macroeconomic analysis.
AMP Capital Core Infrastructure Fund acquired its first interests in European assets – a direct stake in a pipeline and storage business in Spain, and a small exposure to the wholesale, AMP capital-managed Strategic Infrastructure Trust of Europe.
MLC Implemented Consulting was reappointed by SA’s Construction Industry Long Service Leave Board, after a full tender process, to invest its assets and provide ongoing strategic advice.
Sir John Marks Templeton, the renowned value investor who founded Templeton Investments (now part of Franklin Templeton) passed away aged 86. But his legacy grew stronger in Australia – FT was awarded a $200 million global fixed income mandate by Advance Asset Management, including discretion to invest in high yield, bank loans and emerging market debt.
BlackRock acquired Impact Investing, a Sydney-based software development company specialising in equity portfolio management and analytical software tools.
And I&T News exclusively reported…
The $11 billion investment facility of the NSW Treasury Corporation (TCorp) appointed JANA as asset consultant, continuing a horror run on the traditional consulting front for InTech.
The US Teamsters’ Union pension funds, commanding about $US120 billion, have invested US$300 million into the Industry Funds Management Global Infrastructure Fund and suggested a similar amount may be forthcoming by year end.
The managing director of Standard & Poor’s in Australia, Chris Dalton, left after 18 years while Leanne Milton from Allianz Global Investors was hired as head of manager research.
The $6 billion Qantas Super fund has appointed one of its former lead asset consultants, Andrew Spence, to be its first-ever chief investment officer.
The co-owners of boutique incubator Ascalon Capital Management, St George Bank and Kaplan Funds Management, have called in Investec to assess options for offloading the business.