Western Pacific Asset Management (WPI) has bought a 15 per cent stake in Maxim Asset Management, the boutique founded by former Ausbil Dexia executive, Winston Sammut.
Fidelity wins first Australian equities insto mandate
Fidelity International has won its first Australian equities institutional mandate, in the form of $150 million from State Super Financial Services.
Avanteos gets all-clear for UK pension transfers
The Commonwealth Bank-owned Avanteos and those who operate badged versions of the platform will now be able to process UK pension transfers after receiving approval from the British tax office yesterday.
Macquarie tipped to join UK wrap invasion
Macquarie could be the latest Australian wrap provider to try its luck in the UK, according to a report released by Forrester Research late last month.
Follow that MSCI, with new Rimes tracking service
Rimes Technologies Australia, a supplier of data feeds to funds managers and custodians, has introduced a tracking service allowing operations managers to pinpoint how close a file is to delivery.
Plan for Life finds funds hit sweet spot
Actuarial and research firm Plan for Life has reported another bumper year for the Australian funds management industry with both wholesale and retail sectors growing by close to 20 per cent.
Kerry Series back for second crack at Asian boutique
Perennial Investment Partners co-founder, Kerry Series, is returning to Australia from Hong Kong to start up a new Asian boutique called DVA (deep value active) Capital.
…as Macoun looks to recreate Perennial model
Another Perennial founder, former chief executive and chief investment officer, Ian Macoun, is also starting up a new venture, which will mirror the Perennial model.
VMFC loses Jeff Rogers to IPAC
VFMC has lost another senior investment professional with the departure of head of investments, Jeff Rogers, to IPAC.
“Last hurrah of an underachiever?”: Weaven questions Chapman inquiry
Industry Funds Management chair Garry Weaven has warned that industry fund trustees will have to become politicised if Senator Grant Chapman’s parliamentary inquiry into super “turns out to have serious Government figures behind it”.
Bank Of Ireland AM cements split
Bank of Ireland Asset Management (BIAM) has continued to cement the separation of its research and portfolio management functions, filling newly created senior equity manager and senior research analyst roles.
Serhan replaces Walsh as Morningstar research boss
Morningstar’s head of research, Justin Walsh, will shortly leave the ratings agency for what is understood to be a boutique funds management role, and has been replaced by head of consulting, Anthony Serhan, with immediate effect.
