Listed financial services company Fiducian is understood to be developing an Indian manage-the-manager product. The product, if launched, would be the second Indian fund available in Australia along with the Fidelity International India Fund, which was made available in September.
‘Gay’ jibe sparks up super fund ratings debate
A crowded session on ‘Rating the Raters’ at the ASFA conference last week highlighted the unease felt by super funds – and their association – at the growing importance of the fledgling fund ratings sector of the industry
Life gets shorter for Aon
Aon’s financial planning arm has struck a deal with Axa and Comminsure to act as preferred suppliers of life insurance products and will add two or three others to the list soon.
Mercer backs alpha-searching bonds with IXIS-Loomis Sayles fund
The $10 billion Mercer implemented consulting trusts have backed the trend to using fixed interest managers as high-alpha providers by seeding a new IXIS-Loomis Sayles global absolute return credit opportunities fund with $40 million.
Everest Capital concentrates global hedge funds
Everest Capital has launched a concentrated closed-ended fund-of-absolute-return funds in conjunction with Babcock & Brown – the Everest Babcock & Brown Masters Fund – for institutional investors.
S&P builds ratings team for new research process
Fund ratings house S&P has hired three new analysts to cater for its new ratings process and is looking at expanding the team further from mid next year.
Planners handed new opening to CHESS
The Australian Stock Exchange (ASX) is making it easier for financial planners to access CHESS via a new method – Account Participation – which it will launch at this week’s Financial Planning Association conference.
Capital advice: roundabouts, merging and the road to the future
Last month two of the elite dealer groups in the country, Centrestone and Berkley, combined to form Centric Wealth with the aim of becoming the advice brand for the nation’s wealthy. Roger Hancock, who headed up the Canberra Berkley practice, talks about the merger, his own practice and how to keep high net worth clients happy.
Choice of Fund – the battle’s not over yet
Research commissioned by ASFA shows only a small proportion of super fund members has switched funds since the introduction of Choice of Fund in July and a majority of members are “not at all likely” to change.
Australian Unity Investments Strategic Fixed Interest Trust
Australian Unity launches an Australian fixed interest trust for retail and wholesale investors.
Everest Babcock & Brown Masters Fund
Everest Capital offers wholesale investors access to a portfolio of absolute return funds.
S&P builds ratings team for new research process
Fund ratings house S&P has hired three new analysts to cater for its new ratings process and is looking at expanding the team further from mid next year.
