Queensland Investment Corporation (QIC) is looking for a head of alpha investments as part of an ongoing review of its investment structure.
VFMC to lift bonus limits
The Victorian Funds Management Corporation (VFMC) is looking at removing the 20 per cent limit on bonuses for investment staff.
Wanted: $500m for global hedge fund ETF
VanMacDonald Global Partners (VanMac), a hedge fund indexing and consulting firm, is seeking an underwriter willing to put up $500 million for a AAA-rated exchange-traded fund, replicating a sample of US-based Greenwich-VAN Asset Management’s global hedge fund ‘approved list’.
LUCRF general manager leaves suddenly
The general manager of the Labor Union Co-operative Retirement Fund (LUCRF), Paula Allen, has abruptly left the fund.
MLC to outsource BOLR valuations
MLC has taken another step towards eliminating conflicts of interest from its financial planning business, by changing its Buyer of Last Resort (BOLR) valuation methodolofy.
Bravura to clinch new Australian clients as ‘perfect storm’ hits technology market
As it beds down its seventh UK contract Bravura Solutions is close to revealing a couple of “substantial” new contracts in its home country, according to the ASX-listed technology company’s CEO, Iain Dunstan.
Superpartners to hire 70 by November
Superpartners will hire 70 new people between July and September, mostly to prepare for the operational start-date of the 1.1 million-member AustralianSuper on November 1.
Fin Synergy loses Acurity leader
Financial Synergy needs a new general manager for its Acurity super administration software platform, after Brian Mitchell handed in his resignation last week.
State Street to review sub-custody after Westpac sale
Westpac’s largest sub-custody client, State Street Investor Services, will review its arrangements in Australia following Westpac’s sale of the unit to HSBC.
IDT out of administration after U'Insure share change
The Nasdaq-listed Morningstar Inc has continued its shopping expedition with a US$10 million purchase of the hedge fund and separately managed account database of software firm InvestorForce.
Morningstar doubles hedge-fund coverage with US$10m deal
The Nasdaq-listed Morningstar Inc has continued its shopping expedition with a US$10 million purchase of the hedge fund and separately managed account database of software firm InvestorForce.
Packer’s FEAL talk looks at funds management growth implications
James Packer, executive chairman of Consolidated Press Holdings, will deliver the first public description of his company’s vision for its investments in the financial services industry at the annual Fund Executives Association Ltd (FEAL) dinner on August 9.
