Russell Investment Group has built a model for the new-style of asset allocation which is starting to permeate institutional investment and has a research project underway to provide a framework for the new strategies.
FEAL names scholarship winners for 2007
The Fund Executives Association Ltd annual scholarship recipients have been announced, with the two international study winners being Bruce Stafford from HESTA and John Livanas from FuturePlus.
Self-insuring funds still under APRA spotlight
The Superannuation Complaints Tribunal (SCT) does not receive any more complaints from self-insuring funds than any other type of superannuation fund but the Australian Prudential Regulation Authority (APRA) said it will continue to scrutinise funds that do so.
Invesco duo reject desperate offer and join David Slack
Invesco’s veteran head of Australian equities, Rohan Walsh, and senior portfolio manager Luke Sinclair resisted a dramatically increased offer from their employer after resigning on March 9, and will join Bell Asset Management.
Watson Wyatt lures Mercer senior exec
The head of Mercer Investment Consulting’s Melbourne practice will move to Watson Wyatt in mid-May.
Aon loses senior investment analyst
Senior investment analyst with Aon Australia, Derek Mock, has left the company and will soon join another investment consulting house.
Finium sale slowed as unit pricing mistakes linger
The rectification of unit pricing errors that have delayed Zurich’s sale of the Finium and i.super master trusts to Australian Wealth Management (AWM) is moving slowly to completion.
Praemium tells UK giant what SMAs are, then signs mega-deal
Australian portfolio administration provider Praemium has inked a deal to offer separately managed accounts (SMAs)through the UK’s largest admin provider.
Unit pricing chaos reigns as ASIC deadline looms
Nearly half of all funds managers have yet to finalise their policies and procedures for unit pricing discretions, despite the ASIC deadline for doing so looming on May 1, according to a Deloitte survey.
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.
US property manager makes second play in Australia
US property company Sentinel Real Estate Corporation is having a second crack at the Australian institutional investment market after an initial, unsuccessful attempt three years ago.
