BNP Paribas Securities Services (BNPPSS) has retained its cornerstone client in Australia, extending its custody and fund administration contract with the AMP group out to September 2009.
Mercer head of Aussie shares research leaves for HSBC
Nerida Law, the head of Australian equities research for Mercer Investment Consulting, is leaving the firm to go to HSBC Asset Management’s Hong Kong-based multi-manager business.
Legg Mason to roll out three new products for Australia
Legg Mason has three new products ready for the Australian market following the bedding down of its core investment offerings this year and restructuring of its management team.
AGEST seeks infrastructure, private equity managers
AGEST Super is in the process of boosting its infrastructure and private equity allocations and is currently reviewing managers in the infrastructure space.
SSgA wins $350m for fundamental indexing
State Street Global Advisors (SSgA) has secured $350 million from two clients for its new Wealth Weighted Global Equities pooled trust, which tracks the financials-weighted FTSE GWA Developed Index.
Bad day for core managers as Future Directions backs concentrated mandates
The AMP Capital/Mercer Future Directions Funds have sounded another death knell for the traditional core manager, terminating three low-tracking error Australian equity mandates in favour of four new concentrated funds.
Phoenix rises after settling with former Legg Mason bosses
Phoenix Capital, the boutique equities and listed property manager set up by a group of former Legg Mason investment managers, has settled out of court the action by its former employer over alleged breach of intellectual property rights.
Praemium continues UK push, signs up Ord Minnett
Praemium, the online portfolio administartion provider, has signed up another major broker, Ord Minnett, and continued its push into the UK.
Milestone’s London office expands on JPMorgan deal
Milestone Group is on a hiring drive in its new London office, after its pControl fund processing platform snared a lucrative global contract with JPMorgan Worldwide Securities Services (JPM WSS).
Mercer head of Aussie shares research leaves for HSBC
Nerida Law, the head of Australian equities research for Mercer Investment Consulting, is leaving the firm to go to HSBC Asset Management’s Hong Kong-based multi-manager business.
Legg Mason to roll out three new products for Australia
Legg Mason has three new products ready for the Australian market following the bedding down of its core investment offerings this year and restructuring of its management team.
AGEST seeks infrastructure, private equity managers
AGEST Super is in the process of boosting its infrastructure and private equity allocations and is currently reviewing managers in the infrastructure space.
