The former Labor Prime Minister Paul Keating has slammed the Government’s new Future Fund, mocking it as a ‘make work’ scheme.
Fiducian first to follow ex-Citigroupers
Fiducian Portfolio Services has become the first investor to follow Stuart Cartledge to Phoenix Capital, the boutique he established with fellow Citigroup departee Michael Wood.
Access Economics sought to turn around Prime Super performance
The $1 billion Prime Super fund has joined the select client list of asset consultant Access Economics, replacing Watson Wyatt in a market tender process.
Chant West to release multimanager ratings
Chant West Financial Services will provide some competition to Lonsec next month when it releases a batch of ratings on multimanager products.
Wilshire blinks and raises $200m
Wilshire Private Markets (Wilshire PM) has experienced the strength of demand for Australian private equity from local investors, taking less than two months to raise $200 million for its second domestic fund-of-funds.
Search on for top job at NAB’s custody business
Peter Kempster, the head of NAB Custodian Services, has resigned and will leave the bank early January.
Constellation Capital aligns with fundamental indexing
Constellation Capital Management has given the trend towards fundamental indexing some more impetus, dumping market cap weighted benchmarks for its HomeGlobal fund in preference for one based on book value, dividends, sales and income.
Muto to depart RBC Dexia
RBC Dexia Investor Services (RBC Dexia IS) head of technical sales, Scott Macdonald, has been promoted to managing director and will replace Alex Muto from January.
QIC takes sophisticated products to planners with DDH Graham
DDH Graham, a Brisbane-based money market operator, has packaged a range of funds from Queensland Investment Corporation (QIC), including sophisticated high-alpha offerings, for the financial planner market.
Skandia funds to fold into Intech after Old Mutual’s $50m purchase
Intech is to become a division of Skandia but the merged investment team will retain independence of manager selection and strategies, at least for the medium term, under a special charter, in the deal announced yesterday for Old Mutual to acquire all of Intech.
Keating slams Future Fund
The former Labor Prime Minister Paul Keating has slammed the Government’s new Future Fund, mocking it as a ‘make work’ scheme.
Fiducian first to follow ex-Citigroupers
Fiducian Portfolio Services has become the first investor to follow Stuart Cartledge to Phoenix Capital, the boutique he established with fellow Citigroup departee Michael Wood.
