JPMorgan Worldwide Securities Services (JPMorgan WSS) plans to use its Australian operations as a fund accounting hub for the Asia-Pacific.
Qantas Super picks IBM/Russell for admin
The Qantas Superannuation Plan is understood to have selected the IBM/Russell partnership as its preferred outsourced provider of member administration.
Asgard tries to make life simpler for advisers
Asgard Wealth Solutions has released an online financial planning solution to succeed its platform software, adviserNET.
APRA concerned by trustees' approach to risk
The Australian Prudential Regulation Authority (APRA) is concerned that trustees aren’t fully aware of the entire gamut of risks facing their funds.
Single-stock flow data to put managers under more scrutiny
State Street Global Markets will launch next year the next phase of its funds flows information service, through the Global Link trading solutions, which will for the first time allow clients to analyse the flow of money into individual stocks around the world.
Bivell bows out of Venture Capital Journal
Victor Bivell, the prominent journalist and publisher of private equity information, has sold his business, Private Equity Media, to a listed printing and specialist publications company, General Publishers.
Perpetual raises fees after five-year freeze
Perpetual Investments is increasing its wholesale fees across its entire range of products following a 12-month review of the market’s pricing structure.
Acumen founder becomes CEO of Stevedores’ fund
The founding head of Acumen Super, Peter Robertson, will depart the REST-owned corporate pension vehicle and become the chief executive of the Stevedoring Employees Retirement Fund (SERF) early next year.
Currency convergence a boon for struggling managers
The convergence of developed and emerging country currency markets will provide forex traders with a chance to break their three-year run of negative returns, according to the head of global macro strategy for State Street Global Markets, Michael Metcalfe.
Bennelong brings internal nous to wholesale market
Bennelong Group, the diversified investment and property company, has gained a wholesale ASIC licence and will offer an Australian long/short equity fund to the market.
Nick Greiner to address investor relations conference
The Australasian Investor Relations Association (AIRA) will hold its annual conference in Sydney on November 23, with an address by former NSW premier and AIRA patron, Nick Greiner, set to be a highlight.
State Street researchers look to attack market impact losses
State Street Global Markets is developing a system to reduce the two largest costs associated with portfolio transitions – market impact and opportunity cost – while at the same time producing new research to show how its off-market trading reduces the other ‘implicit’ costs.
