The economic and financial environment still favours equities, according to Russell’s July Market Barometer report which also found that the US housing downturn is not over yet, and the bond sell-off is unlikely to be sustained in the wake of the US sub-prime mortgage upheaval.
…while, Absolute Capital lists among two redemption-halting funds underlying NZ credit issuer
Two structured credit funds included in PINs Securities NZ (PINS NZ) portfolios have temporarily halted redemptions.
NGS Super’s defensive move to absolute return funds
NGS Super will trim its exposure to Australian equities and reallocate assets to absolute return funds.
Invesco loses more analysts, more money
A senior equity analyst has left Invesco, as its funds under management in large cap Australian equities dwindles to $120 million.
Future Fund’s executive recruitment spree
The Future Fund’s new chief investment officer, David Neal, has revealed for the first time plans to recruit four to six investment executives in the key areas of portfolio construction, the hunt for alpha, and private markets.
SuperRatings’ new data hub interacts directly with funds
SuperRatings will launch its new research centre next week, a data hub between the 300-plus products and funds it reports on and its own research capabilities.
IRESS links front-end to automated insurance application
The recently launched multi-insurer application software, AppCentral, is connected to the Xplan front-end and will be connected into VisiPlan by the end of the year.
BNP personnel pain eased by big NZ win
BNP Paribas Securities Services (BNP PSS) bade farewell to its head of transition management last Friday, but good news came in the form of a master custody contract for a $1.2 billion NZ client.
Hedge fund replication strategies taking off locally…
Merrill Lynch has launched its ‘Synthetic Hedge Fund Replication Platform’ in Australia, the latest in an expanding range of funds management products from investment banks which are looking to provide better liquidity and lower costs among alternative strategies.
Catholic Super attributes outperformance to asset allocation
Catholic Super added more than 330 basis points from asset allocation alone in the year to June 30, making it the best performer of the year as measured by SuperRatings.
Westscheme reveals creative side with radio jingle
For the first time in 20 years, Westscheme is taking out a sizable marketing campaign, using radio jingles to alert members to upcoming mailouts.
ING IM hopes to lure talent with ‘deputy CEO’ search
ING Investment Management has responded to a hot financial services jobs market by appending the title ‘deputy CEO’ to a new senior sales role it is attempting to fill.
