The Nasdaq-listed Morningstar Inc has continued its shopping expedition with a $US10 million purchase of the hedge fund and separately managed account database of software firm InvestorForce.
SMA materialises from the hype
As flagged in the prospectus of listed financial technology provider Praemium in April, stockbroking firm Tolhurst Noall has released a version of the Merrill Lynch separately managed account (SMA) service.
Mellon to hire up in Australia
Mellon Institutional Asset Management will expand its Australian office as it prepares to launch two long/short local funds.
BNP merges sales and relationships
BNP Paribas Securities Services (BNPSS) has merged its sales, marketing and relationship management teams, promoting Chris Briant to run the area and opening a couple of vacancies.
Commonwealth makes good on unit price errors
Investors in the Commonwealth SuperSelect and Commonwealth Personal Super & Rollover plans have just received glossy documents informing them of unit pricing errors first identified in 2004.
IWL in mood to buy
IWL last week reported an 88 per cent rise in its 12-month earnings and indicated further acquistions are likely before the end of this year.
Education pays off for JANA
JANA Investment Advisors has been appointed by the Australian Scholarships Group (ASG) to provide an implemented consulting service for $465 million of its members’ funds.
Perennial nets Aust Primary property mandate
The Australian Primary Superannuation Fund has awarded a global property securities mandate to Perennial Real Estate Investments.
On guard: why Sentry is shooting for growth
A new title and a restructure has given a Perth-based boutique the boost it wanted to seek expansion on a national scale. Murray Hills reveals how his newly-named dealer group has found its place.
Why planners switch dealer groups – it’s not about the money
Financial planners are likely to remain loyal to their current dealer group arrangements even though about one-third of them feel under-valued as professional advisers, according to new research by brandmanagement.
JANA Australian Share Long Short Trust
JANA launches Australian & Global trusts using long/short managers, utilising a quantitative approach, to outperforming the market.
JANA Global Share Long Short Trust
JANA launches Australian & Global trusts using long/short managers, utilising a quantitative approach, to outperforming the market.
