Russell Investment Group has hired former Macquarie Bank analyst Andrew Pease in the newly created role of investment strategist reporting directly to Peter Gunning, the group’s chief investment officer.
IFSA to hook-up with not-for-profit funds
The Investment and Financial Services Association (IFSA) plans to work more closely with all members of the financial services industry, including industry funds, this year, according to IFSA chair, Richard Gilbert
Virgin Money gets new head
Virgin Money has appointed a new managing director – NRMA’s David Wakeley – to replace Rohan Gamble who left in March this year. Wakeley is currently general manager commercial at NRMA and will join Virgin in June.
IWL flips data system to Coin
IWL will begin the first stage of its planned co-operation with Coin by handing over its Visiplan data system – Visi Trusted Network – to its rival front-end software firm
Brewer in, Brooks out at T.Rowe Price
Schroder Investment Management head of distribution, Murray Brewer, will leave in a couple of months to spearhead US manager T. Rowe Price’s growth ambitions in Australia.
Wind and hot air attract super funds
The ANZ Bank’s Infrastructure Services group (ANZIS) has raised another $115 million from super funds for its Energy Infrastructure Trust, understood to include all of the funds which subscribed to its initial $51.5 million raising in 2003.
Fit for business: Collins trains for the long run
Every career is a marathon and Troy Collins’ early training as a triathlete has probably prepared him well for financial planning. Collins describes what it’s like to be a second-generation planner and how to keep a family business running.
Future Fund mandate sets scene for long-term play
The Future Fund, given its ‘investment mandate’ last week and a promise of an initial $18 billion in cash to invest, appears to have both the flexibility and fire power to achieve the target 4.5-5.5 per cent real return requested by the Government over the next 20 years.
Macquarie Newton Multi-Strategy Fund
Macquarie’s new capital protected fund offers a blended mix of six alternative investments in the Asia Pacific region.
Challenger Wholesale Global Infrastructure Fund
Challenger offers investors a diversified portfolio of global listed infrastructure securities and unlisted infrastructure assets.
Equinox Select Opportunities
Macquarie launches a trust giving exposure to a hand picked portfolio of absolute return managers.
AQR commits to Australia and BT with new hire
AQR Capital, BT Financial Group’s new global equity alliance partner, has recruited Jeff Dunn, a product specialist from Queensland Investment Corporation, as its Sydney-based representative following confirmation that it would receive about $3 billion to manage in several discrete global mandates from next month.
