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).
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).
Market neutral hedge funds offer best risk/return figures – Mercer
Market neutral strategies tend to offer the best risk-adjusted returns of the main hedge fund categories, according to a report by Mercer Investment Consulting.
FEAL case study looks at capacity issues for funds and managers
While institutional investors are well aware of capacity constraints on their funds managers, they are less aware of the intricacies of measuring and managing their own capacity issues.
NGS Super goes west
The Non Government Schools (NGS) super fund is looking at building its presence in Western Australia and is talking to a number of Perth-based schools this week.
Principal takes global equities funds to market
Principal Global Investors will start to actively market its global equities and emerging markets funds in Australia following the registration of Dublin funds last month.
Loomis Sayles prepares for local alpha transfer product
Loomis Sayles is working on an alpha transfer product with the local arm of its distributor, IXIS Investment Management, and hopes to have something available in the next 12 months.
Third-party marketer gains retail AFSL
Australian Wholesale Funds Marketing, a third-party marketer for groups such as value fund-of-funds manager Davis Selected Advisors, has changed its name to Australian Funds Marketing (AFM) after receiving an expanded AFSL allowing it to operate retail managed investment schemes.
