The Australian Reward Investment Alliance (ARIA) has $80 million to place into offshore private equity before the end of the financial year, but don’t expect an overweight to US large buy-out managers with new advisers Altius Associates guiding the process.
Challenger lures AAS, Credit Suisse execs
Challenger has announced two senior financial planning appointments as it begins implementing changes recommended in an internal review of the division.
Credit Suisse narrows search for Aussie equities talent
Credit Suisse Asset Management (CSAM) is screening a shortlist of candidates to replace two senior Australian small cap fund managers, whose recent departures forced Standard & Poor’s (S&P) to downgrade its ratings of CSAM Australian small cap funds.
NAB Custody replaces RBC in Bell Potter backoffice
NAB Custodian Services has replaced RBC Dexia Investor Services as backoffice provider for Bell Potter Funds Management’s $2.3 billion portfolio.
Planner seeks way around XPlan’s $50,000 minimum
Financial planner with Avenue Capital Management (ACM), Andrew Hungerford, is working with XPlan to customise and further simplify share adjustment procedures within clients’ self-managed accounts (SMAs).
SSgA to launch synthetic hedge fund as index proxy
State Street Global Advisors (SSgA) will launch a global ‘synthetic’ hedge fund which aims to better the return of the average hedge fund of funds after fees.
Hedge fund-of-funds watch out: Morgan Stanley prepares hedge fund ‘platform’
US investment bank Morgan Stanley has appointed Greenwich-Van to perform due diligence and monitoring for a new ‘transparent hedge fund platform’ – one of the new-style products designed to win back market share from hedge funds of funds.
Last day today for AIST board nominations
Today is the last day to nominate directors to the board of the new-look Australian Institute of Superannuation Trustees (AIST).
New indices enable unique approach to residential property
Australian investors will now be able to invest in residential property, without actually purchasing ‘bricks and mortar’, following the launch of a series of residential property over the counter (OTC) indices and derivatives yesterday.
Global climate change specialist to front FEAL Forum
James Cameron, the vice chairman of London-based climate change investment specialists and advisers Climate Change Capital (CCC) will address FEAL executive members at the annual forum this month in Melbourne.
Kapstream poised for $100m start
Kapstream Capital, the fixed interest boutique founded by ex-PIMCO boss Kumar Palghat, will commence its first fund this month with a $100 million commitment from its part-owner, Challenger Financial Services Group.
ARIA’s new private equity advisor tunes out the noise
The Australian Reward Investment Alliance (ARIA) has $80 million to place into offshore private equity before the end of the financial year, but don’t expect an overweight to US large buy-out managers with new advisers Altius Associates guiding the process.
