Bridgewater Associates’ global shut-down of its beta-based asset management products has necessitated a reshuffling of the global fixed interest line-up at the Australian Reward Investment Alliance (ARIA).
Consultant sets up Asian multimanager boutique
A former Russell Investment Group consultant has hung a shingle as an Asian equities multimanager and appointed his first analyst.
Admin stays indoors at ABN Amro but systems under review
ABN Amro Asset Management is reviewing its administration system, DSTi’s HiPortfolio, but remains committed to keeping the function in-house according to chief executive Ian Manton-Hall.
Lucky 13 for SWIFT managed fund automation trial
SWIFT has revealed that four more large institutions have joined a trial attempting to automate the transaction of managed funds in Australia, making a total of 13 participants.
State Street brings algorithmic rebalancing tool to insto investors
State Street Associates (SSA) has developed an algorithm-based portfolio rebalancing system that aims to surpass calendar-based and tolerance band rebalancing, the two most common methods.
Credit Suisse sets ambitious targets after raiding ING, Schroders
Credit Suisse Asset Management has ambitious plans for the region, including Australia, and the recruitment of ING Investment Management’s small-cap team, and a new head of equities, marks the start of the rebuild, according to Keith Ince.
Retail/wholesale worlds collide at BGI
Barclays Global Investors (BGI) has merged its retail and institutional sales teams into a single unit.
New sales hand joins MLC Implemented Consulting
MLC Implemented Consulting has hired a senior business development manager.
Mellon finds local investor for Oz long short fund
Mellon Capital Management has found its first Australian investor for its 200/100 long short Australian equity quantitative fund with Australian Wealth Management’s United Funds Management allocating $50 million to the capability.
We trained the street’: ING boss laments another small cap walkout
ING Investment Management (ING IM) will not change its preference for avoiding “;bidding wars”; for talent, despite losing its entire small cap team to Credit Suisse Asset Management (CSAM) last week.
Licence, Stuart Jordan among DeAM’s Aberdeen casualties
Aberdeen Asset Management will not retain any of Deutsche Asset Management’s (DeAM) five-person large cap Australian equities team under Stuart Jordan, who along with head of institutional business Ken Licence has taken a redundancy, according to information gleaned from researchers.
Westpac to loosen chains for some tied planners
Westpac has selected 12 of its planners to pilot a financial planning ‘development program’ designed to retain advisers in a tight employment market.
