Pengana Capital’s global volatility fund – the first of its kind in Australia – has been seeded with a $150 million mandate from an unnamed institution.
All Star looks to bring active currency management to retail sector
All Star Funds, the Professional Investment Services-backed multi-manager, may become the first to offer the Australian retail market an international equities fund with actively managed currency overlaid.
Morningstar finally settles legal battle: Graham’s $4m richer
Graham Rich has finally reached a settlement with Morningstar of the US, the Australian arm of which he founded 24 years ago, with the US company agreeing to pay him $4 million plus some costs after a six-year legal battle.
Long-only managers need to change or go the way of other dinosaurs – AQR founder
Long-only managers are dinosaurs and the future of active investing is “something that looks like a hedge fund” according to Cliff Asness, managing and founding principal of AQR Capital Management.
NZ manager to stake claim in Australia
New Zealand-based fund manager Brook Asset Management plans to open an Australian office before the end of the year.
Vale Austin Donnelly – tireless worker for shareholder rights
One of the doyens of the financial services industry, journalist and a tireless worker for small shareholders, Austin Donnelly, died last Friday, aged 84.
Retail investor fights way back from Basis brink
Those who directed monies toward Basis Capital in the days before its initial warning of trouble to investors will need to invoke their right to a ‘14 day free look’ to get monies returned, according to one retail investor.
Asset allocators have all eyes on China
The medium term outlook for global equities is dependent on the extent to which China’s economy is able to decouple itself from a US slowdown, the Australian Super Investment Conference at Port Douglas heard yesterday.
Alleron doubles FUM in one go
With a single mandate, Australian equities boutique Alleron Investment Management has more than doubled its funds under management (FUM).
DeAM manager departs for reclusive hedge fund
Nick Vidale, a former portfolio manager with Deutsche Asset Management (DeAM), will soon begin work with an Australian hedge fund firm.
AIST to examine super funds’ financial literacy liabilities
The extent to which superannuation funds should make themselves responsible for financial literacy among members will be examined during an upcoming lunch organised by the Australian Institute of Superannuation Trustees (AIST).
HostPlus identifies European opportunities in private equity
HostPlus has awarded two new mandates to European international private equity managers with some of the proceeds from last month’s UBS Global Asset Management redemption.
