Intech Investment Consulting is looking for a 50 per cent equity partner to aid the development of new investment strategies in areas which have traditionally been the realm of investment banking and to make for smooth succession management.
A management buyout of most of Gartmore Investment Management, assisted by buyout specialist Hellman & Freidman, ranks as easily the largest management buyout of a funds management firm in the world, according to figures compiled by industry M&A firm Putnam Lovell NBF Securities.
Skandia’s former CEO, Lars-Eric Petersson, was sentenced to a two-year jail term by a Swedish court last week for fiddling the company’s executive bonus scheme.
In a speech last Friday, Jeremy Cooper, deputy chair of ASIC, made the strongest indication yet that further regulations for the financial services industry to manage conflicts of interest are unlikely.
Westpac has added to its international investment capability with a new joint-venture Asia Pacific absolute return fund and the establishment of its wholly-owned private equity business, Hastings Funds Management, in the UK.
Members of the Future Fund board will be excluded from discussions and decisions that relate to their particular institution if there are potential conflict of interest issues.
Listed accounting and financial planning firm WHK Greenwoods is looking for a chief executive for its Melbourne firm following an internal restructure.
WA super fund Westscheme will get the resources it needs to answer simple questions from members, under a proposal it is awaiting from financial planning partner, Industry Funds Financial Planning.
Queensland-based funds manager MFS says it is not planning to create a second HFA, as it seeks to raise up to $100 million to set up a company to invest in local and international alternative funds managers.
WA super fund Westscheme will get the resources it needs to answer simple questions from members, under a proposal it is awaiting from financial planning partner, Industry Funds Financial Planning (IFFP).