Professional Investment Services (PIS) and Skandia have aligned their respective Chinese operations, enabling them to access the local investment market.
BNP PSS to be Print/JUST master custodian
BNP Paribas Securities Services (BNP PSS) is likely to be appointed master custodian for the merged Print Super/JUST Super, although this will not be confirmed until mid-February.
Telstra Super buys software, stays internal on private equity admin
Telstra Super has bought a private equity administration and reporting system, Private I, to streamline the valuation of its $700 million program.
SSgA pays out to first of five litigants
One of the five institutional investors suing State Street Global Advisers (SSgA) over sharp losses from a suite of purportedly low-risk fixed interest funds, which were exposed to subprime-backed securities, has reached a settlement with the manager.
SSgA pays out to first of five litigants
One of the five institutional investors suing State Street Global Advisers (SSgA) over sharp losses from a suite of purportedly low-risk fixed interest funds, which were exposed to subprime-backed securities, has reached a settlement with the manager.
Court backs FICS to rule on Westpoint promissory notes
The Financial Industry Complaints Service (FICS) has already begun processing the backlog of over 300 Westpoint cases following a Federal Court decision late last year confirming its right to handle matters concerning promissory notes.
Local boy wins NZ Super gig
The board of the $NZ11 billion New Zealand Superannuation Fund has picked the current deputy governor of the country’s Reserve Bank to replace former CEO, Paul Costello.
IFM seeks two for active equities launch
Industry Funds Management (IFM) is preparing to launch its new active equities strategy early in 2007 and wants two new investment managers to assist senior investment manager – listed equities, Clyde Haldane.
HostPlus adds new investment option
The $5 billion hospitality, tourism and leisure fund HostPlus will add another pre-mixed investment option to its three existing pre-mixed options in April as it offers more choice to members.
Nick Allen enters Commonwealth redeployment pool
Veteran Colonial First State marketer, Nicholas Allen, has been placed into a redeployment pool following a restructure of institutional marketing at the group.
China’s central pension fund recruits foreign managers
Appointing foreign investment managers for the first time, China’s $US30 billion National Council of Social Security Fund (NCSSF) late last year dealt 12 new mandates to 10 foreign managers to spearhead its drive into overseas markets.
Growth funds deliver again in ’06: Intech
Growth funds tracked by Intech returned a median 14.1 per cent for calendar 2006 and median 15.1 per cent for calendar 2004-06, the best result since 1991-93 and driven by strong equity and property markets.
