Telstra Super has launched its defensive growth option for members with a somewhat diminished risk-appetite but who still need a more nimble and flexible asset allocation.
Schroder scales back on sales
The position of one of the industry’s most experienced institutional salesmen has been made redundant by Schroder Investment Management.
After Colonial storm, a Wellington harbour
The former chief of Colonial Margin Lending, who departed last year amid the controversy surrounding the division’s involvement with the failed Storm Financial dealer group, has resurfaced running retail distribution for Wellington International Management.
ABC learned him: Peter Greentree and team depart Challenger
The former AllianceBernstein growth Australian equities team will become a Challenger boutique, as tweeted by I&T News in May, leading to the departure of former Aussie equities chief Peter Greentree after a forgettable couple of years.
Palisade adds two as $300m comes in the door
Palisade Investment Partners, an unlisted infrastructure boutique, has simultaneously netted $300 million in new flows and added two investment staff to its team, among them a former partner with Access Capital Advisers.
Key SocGen and Credit Agricole salesmen exit Amundi
Amundi Asset Management has lost four distribution staff – including the chief salesmen from Societe Generale and Credit Agricole’s domestic funds management arms – from its Australian business.
Consultant for admin tender of the year decided
The two consultancies which will run what is likely to be 2010’s biggest superannuation administration tender have been finalised.
Get rewards for risk in emerging markets, not the $A: Mercer
Mercer Investment Consulting has reverted to a ‘buy’ rating for emerging markets assets but remains bearish on the Australian dollar ($A) in its latest dynamic asset allocation (DAA) report. The consultant rated the major asset classes at fair value for Australian investors and took a neutral position in the overall split between growth and defensive assets. According to David Stuart, who heads the Mercer DAA service in Australia, Mercer has liked the structural case for emerging markets for some time but shied away from recommending more tilting in that direction last year because of strong inflows and high asset valuations.
IFSA transformation 'not a membership drive'
The Financial Services Council (FSC), formerly IFSA, said it consulted other industry associations before expanding its mandate last week to engage more actively on economic policy, and that the move was not a grab for more members.
IE Group's bright spot in collapse of backer Sonray
IE Group, the boutique cash manager, will need to find a new 25 per cent owner after Sonray Capital entered administration last week, however it claims the broker’s collapse has proved its operating model protects investors’ assets.
