VFMC plans to manage more funds internally in a bid to get total investment management, custody, administration and compliance costs down to a goal of 25 bps.
QIC has teamed with UBS Investment Bank to get a leveraged return, via a fixed income note, on the emerging market alpha of BlueBay Asset Management, making it the first investment of its kind in emerging markets fixed interest.
A stronger than forecast dealflow pipeline has prompted ANZ Infrastructure Services (ANZIS) to increase the latest capital raising for the Energy Infrastructure Trust (EIT) to $300 million, after setting a $200 million limit in the information memorandum.
Statewide is upgrading its online service to enable members to make applications and contributions online, a move aimed at increasing the administrative efficiency of the fund.
RBC Dexia Investor Services (RBC Dexia IS) has taken its relationship with Treasury Group offshore, becoming the backoffice provider for Dublin-domiciled TG Treasury Asia Fund.
ClearView Retirement Solutions has become one of the first financial services converts to podcasting, launching a series of downloadable talks to help explain the ‘Simpler Super’ changes.
In a further sign of the growing importance of the Australian funds management industry as a global leader in new products and strategies, the global head of product for Russell Investment Group has transferred from the firm’s Tacoma, US, head office to Sydney.
VFMC plans to manage more funds internally in a bid to get total investment management, custody, administration and compliance costs down to a goal of 25 bps.