More Australian fund managers will be able to short New Zealand, following the removal of a tax impediment that prevented most local stock-holders from lending shares.
SWIFT forecasts further 5 per cent rebate for customers
Financial messaging service SWIFT announced yesterday that it would be able to provide another rebate to customers this year – the fifth consecutive year – of “at least 5 per cent”.
Step into my backoffice, DST tells Reuters
Market data provider Reuters has struck a new alliance with DST International, representing the first time its feed has been available through DST’s third-party fund accounting software.
Treasury Group to take on the world with Dublin fund roll-out
Treasury Group is registering a Dublin-domiciled investment company, and will offer a tax-free version of the Treasury Asia Asset Management (TAAM) Asian equity fund to European investors by the first quarter of next year.
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.
Ex-Pimco Palghat to launch no-benchmark bond business
Kumar Palghat, until last month the co-head of Pimco Australia, aims to launch a no-benchmark domestic fixed interest fund early next year, and is eyeing the burgeoning Asian bond market.
Former ambassador’s shop hands money back, seeks buyer
Sequoia Capital Management, the Sydney-based global macro hedge fund boutique formed three years ago by former ambassador to China, Ross Garnaut, is returning all its investors’ money and searching for a buyer.
