The Future Fund has appointed Gordon McKellar as its head of operations, and he will leave his equivalent position at BNP Paribas Securities Services (BNP PSS) at the end of this month.
SimCorp continues to gain share in Australia’s funds management software market, after being chosen to replace a Bloomberg/Princeton frontoffice/backoffice combination at QBE Insurance group.
The wordwide M&A boom has caused many a funds manager and many a client fund to wonder what will happen when the bubble bursts. Legg Mason Capital Management, for one, argues: ‘this time it’s different’.
ASSET Super has allocated $55 million to a new global tactical asset allocation (GTAA) mandate with four managers as part of a major restructure which has resulted in a significant reduction to traditional active management in equities and bonds.
Damien Hatfield, the well-known hedge fund industry figure, is to set up a hedge fund research and marketing business with Daniel Liptak, an experienced hedge fund researcher.
The portfolio manager of BT Financial Group’s imputation and ethical funds, Troy Angus, will leave BT at the end of February to join Paradice Investment Management.