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.
Visi sale cleared by ACCC
After a 39-day investigation the Australian Competition and Consumer Commission (ACCC) has cleared the $48 million sale of IWL’s financial planning software business, Visiplan, to rival firm IRESS.
FNZ tipped as Axa UK wrap provider
The New Zealand-created wrap that landed a £35.5 million contract to supply the technology for the Standard Life platform in the UK two years ago is understood to have signed Axa as its next major client.
Conexus Financial, come on down
Conexus Financial, the publisher of Investment & Technology Magazine and I&T News, has had a slight change of address.
CMSF plenaries now on-line
The plenary sessions from March’s Conference of Major Superannuation Funds (CMSF) are now available in digital video form on the web.
BT head of operations resigns…
BT Financial Group (BTFG) is searching for a new head of operations following the resignation of Michael Garrett last week.
…while Aon financial planning picks one up
The financial planning arm of diversified financial services provider Aon Australia has recruited a new head of operations.
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.
