Macquarie Private Portfolio Managers (MPPM) has implemented an updated version of Garradin Portfolio for use in the administration of MPPM accounts and other separately managed accounts (SMAs).
Compulsory super would cost 800,000 votes': NZ Opposition
Bill English, finance spokesperson for the opposition New Zealand National Party, has quashed the hopes of many product manufacturers by ruling out the possibility of upgrading the coming ‘opt out’ workplace retirement savings scheme, KiwiSaver, into a compulsory system.
Share your anger and win tickets to Hedwig & The Angry Inch
In a stressful business like financial services, expressing your anger can be very therapautic – if it’s done in a constructive, non-violent way, of course. To encourage you all to vent, I&T News has 10 double passes to the musical sensation Hedwig & The Angry Inch (worth $100 each) to give away to readers who email us about what’s making them angry.
It's footy players versus fundies at charity poker comp
A poker competition this week among Australian hedge fund managers and rugby league players will give proceeds to a charity investing in diagnostics technology for the Children’s Hospital at Westmead, Sydney.
Lazard boosts Asian region business as silos tumble
Lazard Asset Management has become increasingly global, lifting the proportion of non-US assets under management to close to 50 per cent in the past year, and widening the base of its non-US investment strategies.
Coplestone cuts short Deutsche Asian adventure
Clayton Coplestone has resigned as head of Deutsche Asset Management (DeAM) in Hong Kong less than a year after assuming the position.
AMPFP to review managers – but no joy for industry funds
AMP Financial Planning (AMPFP) is ramping up scrutiny of the managers it recommends with an extensive round of visits to the international and Australian product providers on its approved list.
Perennial fills southern sales spot
The IOOF-owned Perennial Investment Partners added to its retail distribution team yesterday with the appointment of Angelo Saltarelli as its representative in Victoria and Tasmania.
SSgA introduces signal to predict price growth
State Street Global Advisors (SSgA) has this quarter introduced a ‘growth capability measure’ into its global quantitative process, meaning it will assess a company’s medium-term growth prospects for the first time.
Westscheme to give the ‘real’ picture on Target Return portfolio
The $2.3 billion Westscheme super fund has rephrased the way it explains its Target Return option to members, emphasising its relationship to inflation for the first time.
GESB cleanout continues: more sacked, mid-office and investment team separated
The $8 billion WA Government Employees Superannuation Board (GESB) has now terminated five staff after last year’s super switching controversy, and reprimanded four more.
SCF launches Sydney’s first women’s fund
Sydney Community Foundation limited (SCF) has launched a sub-fund aiming to raise $1 million during the next two years to assist women in greater Sydney who are in need of medical or social support.
