Kapstream Capital, the fixed income boutique established by Kumar Palghat with support from Challenger Financial Services, will begin investing $100 million seed money on Friday and has won two commitments for a further $130 million.
Paul Fiani to return, with Integrity
The former head of Australian equities at UBS Global Asset Management, Paul Fiani, has registered Integrity Investment Management as the name for a boutique he hopes to launch in the next two months, which his UBS deputy Shawn Burns will also join.
Headhunters called in as Cbus CEO flags retirement
The chief executive of $12 billion industry fund Cbus, Sandy Grant, will retire in December and a recruitment firm has begun scanning for a replacement.
Treasury Asia starts Singapore office to lure analyst
Treasury Asia Asset Management (TAAM) has opened a Singapore office, partly as a way of enticing a former colleague of founder Peter Sartori to join the Asian equity boutique.
Credit Agricole cements Aussie presence with two new funds
The funds management arm of European banking heavyweight Credit Agricole, Credit Agricole Asset Management (CAAM), will certify its Australian presence with the launch two new funds in late June.
ipac pilots financial advice to seniors in need
ipac is piloting financial advice models for clients requiring aged care services in hospitals, nursing homes or personal residences.
Mercer IC wins swag of new business
Mercer Investment Consulting has won a number of new contracts from various investment bodies.
AIST/MetLife symposium to examine underinsurance gap
To date, 180 industry professionals have registered to attend an inaugural superannuation insurance event that aims to dissect concerns regarding a detected insurance gap faced by Australian super fund members.
Vietnam prepares for turbulent growth as China’s insurance titans take on local fundies: Cerulli
A series of major listings, tipped to raise at least $US1 billion each, are expected to double the market capitalisations of major Vietnamese exchanges this year as the country’s mutual fund industry braces for further volatility and expansion, Cerulli Associates (CA) has reported.
Mainstream BPO looks at super admin as it celebrates its birthday
Third-party administrator Mainstream BPO, which yesterday celebrated its first birthday, is looking to enter the super member administration market and may announce its first deal as early as next month.
After 21 years, State Street and MLC part ways – NAB finally has a laugh
Australia’s largest and longest-standing custody relationship, a relationship which launched the concept of master custody in Australia, has finally, belatedly, come to an end. State Street and MLC have parted ways.
Adveq’s first investment in Australian private equity fund
Adveq, the big Swiss private equity fund of funds manager, has made its first investment in an Australian private equity fund.
