The $30 billion NSW State Super is favouring mature infrastructure investments over development projects, as it works with Access Economics to reach its 4 per cent strategic infrastructure allocation some time next year.
More AXA planners lining up for group nod
Habitual recommendation of aligned platforms must be “;justified”; under AXA’s accreditation test for its financial planning practices, which national compliance and advisory services manager, Simon Wallace, reports is attracting growing interest 18 months after its launch.
Australian emitters have 15 years to clean up: report
Australian primary resources and other emissions-intensive industries will not be punished in the near-term for heavy greenhouse emissions, however clean coal technology and sequestration is critical to the coal, oil and gas industries’ viability in a carbon-constrained world, a Citigroup report says.
BNP pips RBC, NAB to be MMC’s custodian/administrator
BNP Paribas Securities Services (BNP PSS) has become MMC Asset Management’s first dual custodian and administrator, on the basis of what MMC chief financial officer David Mackaway called its “;technological edge”;.
RBC Dexia faces Perpetual tender
RBC Dexia Investor Services is competing to keep its largest Australian client, as the $34 billion Perpetual Investments undergoes a tender process for its custodian and fund administration contracts.
BNP pips RBC, NAB to be MMC's custodian/administrator
BNP Paribas Securities Services (BNP PSS) has become MMC Asset Management’s first dual custodian and administrator, on the basis of what MMC chief financial officer David Mackaway called its “;technological edge”;.
Rosario confirmed as new FEAL chair
Howard Rosario, the chief executive of Westscheme, has been elected chair of the Fund Executives Association Ltd (FEAL), following the retirement from the board of Brett Westbrook, former chief executive of Future Plus.
Senior roles vacant as CFS changes guard
Colonial First State (CFS) still has two senior positions to fill following a recent round of executive reshuffling.
Hunter Hall begins new international push
Ethical funds manager Hunter Hall has signed on a distribution partner in New Zealand and is about to expand its UK business.
Mellon seeks local assistance for Oz long/short
Mellon Global Investments Australia is looking for an investment strategist to assist its new San Francisco-based Australian market neutral strategy, and has just hired a new analyst.
Trustees show their true colours: green
A hardline socially responsible investment agenda has been outlined by NSW Local Government Super trustee, Ian Robertson, who questioned why “;anyone would bother”; owning shares in a company that had no plan for a post-Kyoto Protocol world.
Day one, $US750m: not a bad start for new Basis business
Basis Capital will act as the collateral manager on two major new collateralised debt obligation (CDO) issues, launching a division which could have $US750 million under management from day one.
