Russell is back: wins $10b traditional advisory client

Merlicek hoped a “partnership” with Russell would develop, pointing out that both were “turnaround situations”.

Indeed, the IOOF CIO is starting with a blank sheet of paper after an acquisition spree instigated by Australian Wealth Management left him with three multimanager teams (Skandia has since been dissolved), while Russell was until recently thought by many to be a spent force in asset consulting, having lost most of its sizeable ‘traditional’ clients.

 

 

 

 

 

 

 

 

 

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As the Magnificent Seven fade, CFS looks further afield for returns

Colonial First State chief investment officer Jonathan Armitage says a shift away from reliance on US mega-cap tech stocks is reshaping portfolio resilience, with emerging markets, private debt and catastrophe bonds helping to drive returns across the portfolio.

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