The ING-owned multi-manager Optimix has spread $250 million across four emerging markets funds after an overhaul of its strategic asset allocation.
Share plan puts HFA into negative territory
An employee share plan has cost HFA a maiden profit as a listed entity with the absolute return manager revealing an almost $11 million loss in its first annual report since joining the ASX in April.
Rodd leaves VFMC to Bever
VFMC has replaced head of operations John Rodd with former Merrill Lyncher Brett Davidson, following the appointment of Leo de Bever as chief investment officer and chief investment strategist.
CARE Super appoints first investment boss
The $2.8 billion CARE Super industry fund has appointed former Portfolio Partners marketer, Greg Nolan, to the newly created position of general manager, investments.
UniSuper to offer asset class choice to members
UniSuper is in the process of diversifying its manager mix in some of its asset classes, as it prepares to launch single asset class options for members early next year.
Macquarie ProLogis forced to sell Chicago property
Plans by the city of Chicago to expand the O’Hare International Airport means Macquarie ProLogis Trust has had to sell the O’Hare Cargo Distribution Center #7, which is located on the site. The trust received $US17.6 million before sales cost for the property.
Kumar Palghat resigns from Pimco
Pimco’s $22 billion of domestic bond portfolios were under new leadership as of yesterday, following Friday’s resignation of Kumar Palghat and his replacement by a member of the global portfolio management team, Julian Foxall.
InfoComp wins lucrative UK wrap contract
Australian financial services software provider, InfoComp, has landed a “seven figure” contract with UK bank Abbey to provide the technology for its existing and proposed new wrap platforms.
JPMorgan loses senior RM to Auscoal
Senior JPMorgan Investor Services relationship manager, Paul Coenraads, has left to perform a similar role at his long-time client, the Auscoal superannuation fund.
Lucy to head up international auditor forum
Jeff Lucy, chairman of the Australian Securities and Investment Commission (ASIC) has been named the inaugural chairman of the freshly formed International Forum of the Independent Audit Regulators (IFIAR).
…while BT Wrap raises its pay-to-play stakes
In the wake of Asgard’s proposed rebate increases (report above), BT may also soon raise the rebates it charges managers on inflows received from its wrap platform.
Ince gets permanent top spot at CSAM
Credit Suisse Asset Management (CSAM) has abandoned its search for a new head of asset management in Australia and instead named its interim appointee, Keith Ince, to the position permanently.
