Mercer Investment Consulting and Standard & Poors will soon be the only two raters of retail managed funds left, according to the head of the Association of Independently Owned Financial Planners (AIOFP), which has so far signed up 719 members to a ratings service that they themselves will own.
NAB and DST pass on better tax parcelling
NAB Asset Servicing and DST Global Solutions have united to improve management of tax parcelling, with key NAB client Sunsuper understood to be the first roll-out site for the new ‘propagation’ technology.
Bring on phase two of Cooper Review changes
MySuper and Superstream are all well and good, but the Government should also take up the Cooper Review recommendation to phase out member protection costs, a major fund CEO said yesterday.
Impact of staff departures hits funds managers harder
The seriousness of staff departures from funds managers ramped up in Q2 2010 compared with Q1, and boutiques were hit for the first time, Standard & Poors’ ‘Musical Chairs: Fund Managers on the Move’ report has found.
Mezzanine debt to rock Melbourne
The chronic imbalance in global supply and demand for capital is leading more funds to consider investments like mezzanine debt, the subject of an Investment Magazine educational seminar in Melbourne on August 17, which will feature a veritable who’s who of managers in the asset class.
Hermes hires to sell boutiques' message
Ian Manton-Hall, head of Hermes Fund Managers’ domestic sales office, has enlisted a former Fortis colleague to help market the many boutiques run by the UK manufacturer.
Mega-merger of state-based super funds mulled
The consolidation rhetoric of Jeremy Cooper has encouraged Sunsuper and other state-based, non-public sector funds to get serious about merger discussions.
Financial innovation: good or bad?
Has society benefited from financial innovation over the past three decades? This topic will be debated in depth at the annual Australian conference of the Paul Woolley Centre, October 28-29.
Perpetual hires news credit head from the Future
The multi-manager arm of Perpetual Investments has found its new head of fixed income and credit portfolios in FuturePlus’ investment team.
Ausmaq streamlines CEO succession
Rob Brown, the boss of fund administrator Ausmaq, has moved on from the business after six years in the job.
Change at the top of UBS GAM Australia
UBS Global Asset Management (Australia) has repatriated a senior Australian from its New York office to take over Paul Bolinowsky’s chief executive officer responsibilities.
