Rising investment inflows and market values have driven the growth of the southeast Asian mutual fund market to approximately $US70 billion in assets under management (AUM), Cerulli Associates has reported.
Actuaries slam Govt neglect of climate change economics
Insufficient focus has been directed to the economic consequences of climate change in the Federal Government’s recent intergenerational report, the Institute of Actuaries of Australia (IAA) contends.
Lifetime may be cut short for DSTi
DSTi’s major wrap client in the UK has put the software contract for its $35 billion-plus platform out to tender.
Visiplan/Xplan integration to be slow
IRESS will be “led by the clients” following its purchase of IWL’s financial planning software business Visiplan, according to Andrew Walsh, Xplan managing director.
Link Market Services kicks Pillar’s tyres
Link Market Services, the owner of Australian Administration Services, has commissioned a valuation of competitor member administrator Pillar Administration.
AFS signs up for more DMS technology
Dealer group Australian Financial Services (AFS) will adopt Dealer Management Services’ (DMS) Adviser Online solution, building upon its use of the administration provider’s core back-office system.
Link Market Services kicks Pillar's tyres
Link Market Services, the owner of Australian Administration Services, has commissioned a valuation of competitor member administrator Pillar Administration.
Intergenerational Report Mk 2 shows need for more policy initiatives
The Government, and probably successive governments, will have to introduce new policy initiatives if the country is to counter the problems associated with an ageing population, consultants say.
Super fund chairs getting paid better, more often: survey
The proportion of super fund chairs being paid for their services rose dramatically in 2006, while their pay levels kept pace with corporate Australia, a survey of 97 funds has revealed.
Another Investors Mutual senior exec departs
Investors Mutual (IML) has lost another senior portfolio manager, following on from the departure of Andrew King late last year.
Second senior CSAM analyst joins Paradice
An analyst with ten years experience at Credit Suisse Asset Management (CSAM) will join Paradice Investment Management in mid-April, in a repeat of the move made by CSAM’s co-head of small caps, Matthew Booker, in January.
AMP Capital retail chief heads for hedge fund land
AMP Capital Investors’ head of retail distribution has left to spearhead a hedge funds-of-fund group’s drive into the retail sector.
