HESTA has re-worked a significant portion of its international equities portfolio, awarding $300 million in mandates to three global long/short equities managers.
Coin set to replace Moneywise on AMP planner desktops
AMP Financial Planning (AMPFP) is understood to be close to signing up the Macquarie-owned Coin software system for the 1,300 plus advisers in its network.
Future Fund hires Leong as operations strategist
Former custody consultant Wendy Leong started at the Future Fund last Tuesday in the role of operations strategist, reporting to head of operations Gordon McKellar.
MPPM locks in Garradin to provide admin software
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.
