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.
Seafarers fund angles for member-specific insurance
The $1.2 billion Seafarers Retirement Fund (SRF) has narrowed its shortlist of potential insurers down to five and expects to make a final decision within the month.
CSAM appoints new custodian
State Street Investor Services has won the backoffice, middle office and custody for Credit Suisse Asset Management’s (CSAM) $23 billion in funds under management.
Garradin’s Bowhill and ING exec join Bravura brood
Bravura Solutions has completed its share acquisition of investment admin software developer Garradin from Powerlan, and announced the appointment of Garradin CEO Stephen Bowhill as head of product.
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.
