Macquarie Financial Services has been attracted to the technology platform of foreign exchange provider, OzForex, leading it to buy 51 per cent of the company.
Boutiques clamour for DSTi’s HiPort/3
DST International (DSTi) has signed up the $543 million Catholic Church Insurance to its HiPortfolio/3 system and is receiving increased interest in the investment administration solution from boutique fund managers.
Boutiques clamour for DSTi's HiPort/3
DST International (DSTi) has signed up the $543 million Catholic Church Insurance to its HiPortfolio/3 system and is receiving increased interest in the investment administration solution from boutique fund managers.
Weight of money and new asset allocation mean caution, FEAL told
The weight of money in the markets generally as well as structural changes in the way super funds are approaching their asset allocation are combining to ring warning bells, the first of the Fund Executives Association Ltd June briefings was told yesterday.
Ausbil fills analyst gap
Ausbil Dexia has hired a new financial sector analyst replacing Vilhair Ross, who left the firm in April to join the Packer-backed outfit Magellan Financial Group.
Andrew Spence finds his fundie job
Andrew Spence, former principal and senior consultant at Watson Wyatt, has fulfilled his desire to return to funds management.
David Neal to be Future Fund chief investment officer
David Neal, the head of Watson Wyatt’s investment consulting practice, will become chief investment officer of the Future Fund on July 16.
BT profit-share scheme lures ABP executive
BT Financial Group’s attraction of a senior investor from Europe’s largest pension fund shows an imminent profit-sharing structure is already beginning to work, according to general manager Dirk Morris.
Lloyd George loses key consultant support
Emerging markets manager Lloyd George looks set to lose most of its roughly $500 million under management in Australia, after its most supportive consultant recommended clients reassign mandates in the wake of three key staff departures.
Quay Partners draws super fund capital for new FoF
Private equity fund-of-funds manager Quay Partners (QP) has attracted healthy interest from the institutional sector for a new product that will be implemented through its primary commitments program.
Aberdeen/DeAM casualty resurfaces
Vince Peluzzo, a senior member of the Deutsche Asset Management (DeAM) Australian equities large cap team cast adrift during Aberdeen Asset Management’s acquisition of the manager’s Aussie equities and fixed income assets, has resurfaced at another investment manager.
Investors more upbeat on sharemarket returns than advisers: brandmanagement
Investors hold a more optimistic outlook than financial planners towards equities returns for the approaching economic quarter, according to brandmanagement research.
