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.
Go short, sport: tax change lends NZ short-selling a boost
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.
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.
Long/short strategies help in the boom for quant research
State Street Global Advisors (SSgA) is boosting staff levels at its investment research unit, the Advanced Research Centre (ARC), as the demand for quantitatively driven strategies and products surges.
Catholic Super completes asset consultant review
The $2.1 billion Catholic Superannuation Fund has completed a review of its asset consultant and reappointed Mercer Investment Consulting.
TAAM close to signing up UK clients
Treasury Asia Asset Management (TAAM) will announce two major UK-based clients next month after recently being allocated a $50 million mandate from Telstra Super.
Hyperion wins CoINVEST mandate
Hyperion Asset Management has been awarded a $30 million mandate from CoINVEST bringing its total funds under management to well over $1.3 billion.
Beware big managers bearing high conviction funds: WestLB
The current craze for ‘high conviction’ Australian equity funds is a classic case of “fallacy of composition”, according to WestLB Mellon Asset Management’s Greg Vaughan, as institutions with more than $1 billion reduce information ratio by offering them.
