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.
Asset Super offer: use your super to pay for super advice
Asset Super has struck a deal with Money Solutions, a financial ‘coaching’ firm part-owned by its administrator AAS, to offer fee-for-service super advice to its members.
Darby injects equity into emerging market businesses
Darby Overseas Investments has established a new global fund which will invest in private equity and mezzanine finance in the emerging economies of Asia (ex-Japan), central and eastern Europe and Latin America.
Tyndall review uncovers retail opportunities
Tyndall has resolved to keep expanding into the retail investment sector after last week appointing Brett Himbury, Asteron’s former head of distribution, as managing director.
Alpha’s high price tag revealed by survey
Investors are desperate for alpha and are willing to pay much more for asset classes which promise higher returns, such as emerging markets, a recent Mercer Investment Consulting study shows.
Xplan, Coin show strong growth in planner market share
The smaller financial planning software vendors, Xplan and Coin, had strong market share growth in the past 12 months, even though market leader, IWL, maintained a dominant position.
Timely boost for BNP master custody strength
BNP Paribas Securities Services (BNP PSS) has appointed its first head of master custody relationship management, hiring Cristina Arnaiz away from Barclays Global Investors (BGI).
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.
