The New Zealand Superannuation Fund has slashed its custodian costs by NZ$2.5 million with the appointment of Northern Trust, according to figures just published.
Bonhote to turn fund sales skills to custody
Michael Bonhote, a former head of product and marketing at Intech and Deutsche Asset Management, will resurface at a custodian in August.
BT's Voyager co-founder alive and well in Hong Kong
Leon Christianakis, who left the BT joint venture Voyager Funds Management in March citing illness, has reappeared in Hong Kong as a Deutsche Bank private client executive while his old shop hires up.
Super fund and member adequacy – FEAL conference focus
The Fund Executives Association Ltd (FEAL) national conference in Melbourne next month will focus on various aspects of ‘adequacy’ for super funds – from overall levels of member savings, to adequacy of advice, to adequacy of risk management and strategic development.
CARE reviews Aussie equities lineup
CARE Super is conducting an Australian equities review with the finalisation of a new manager lineup as close as mid-July.
New CEO, new products for Christian Super
Christian Super is searching for a new chief executive, while the board contemplates offering other financial services products under its new public offer status.
Record flows prompts manager fee review at AGEST
The record flows into AGEST have prompted the fund to review its manager lineup and in particular the fee levels agreed in initial contracts.
Schemes double as KiwiSaver kicks off
As the first trickle of retirement savings money winds its way into New Zealand’s pseudo-compulsory superannuation system, 32 KiwiSaver schemes have been registered to accept the flows.
Microcap play shows we can go where megafunds can’t: BUSS(Q)
The chief executive of the $1.5 billion BUSS(Q), David O’Sullivan, said a $10 million allocation to Contango Asset Management’s microcap fund was an example of how small-to-medium funds could access opportunities the “;megafunds”; could not.
Now UBS GAM loses head of research, but clients hold fire
UBS Global Asset Management has suffered the fourth departure in as many weeks from its Australian equities team, with last week’s resignation of research head John Moran.
Senior insto BDM exits Fidelity
A senior institutional business development manager has left Fidelity and will begin work with AMP Capital Investors within the month.
VicSuper backs ‘cleantech’ venture capital fund
An Australian venture capital funds manager that invests in the development of clean technologies has drawn on capital from VicSuper and the Federal Government to launch a $50 million ‘cleantech’ fund.
