Insurance Australia Group (IAG) is facilitating the outsourcing of its Australian equities team to form a new boutique to be backed by MLC.
Challenger rejigs investment reporting lines
Challenger has reorganised its investment reporting lines following the departure of chief investment officer, Allan Sheen, with Chris Durack moving to a general manager, investments role.
Sunsuper alternatives head takes job at Virginia endowment
The former head of alternatives at Sunsuper, has left the fund to take a role at the University of Virginia Endowment Fund, and his role at Sunsuper has been split in three.
First State Super appoints Smith to board, finalises consultant
First State Super has appointed former ASFA chief Philippa Smith to its board, and finalised an investment consultant review.
NGS Super to offer in-house financial planning
The Non Government Schools Superannuation Fund (NGS Super) will change its licence in order to set up a fully-owned subsidiary company to provide financial planning advice.
Zero cents in the dollar: dire prediction for Basis Yield investors
Basis Capital’s Yield Alpha Fund, run by Stuart Fowler, is full of what has become ‘toxic waste’ and faces a near 100 per cent loss, according to several hedge fund observers.
HFA focuses on sales with additional BDMs
Hedge funds-of-funds manager HFA Asset Management has made additions to its sales team across three states.
Mercer beefs up responsible investment team with UniSuper hire
Mercer Investment Consulting has further recognised the growth in the demand for socially responsible investments by creating a new senior consulting role to lead its responsible investment (RI) business across the Asia Pacific.
Portfolio Partners gets tough on equities analysts
An equities analyst has been sacked from Australian equities funds manager Portfolio Partners after not meeting performance requirements, according to chief executive, Craig Bingham.
Opportunity for custodians to step up to tax management role: Vilgan
The continued demand for after-tax returns and reporting presents a business opportunity for custodians, according to chief executive of QSuper, Rosemary Vilgan, who has just implemented QIC’s Omega investment technology.
ITG signs 20 funds managers to crossing service
Investment Technology Group has signed 20 Australian funds managers to POSIT Alert, the indications-based equity crossing system which alerts its users when trade matches are found.
HSBC transition project manager heads for Greece
The project manager for HSBC Securities Service’s Westpac transition is indefinitely moving to Greece as head of securities services.
