Atom Funds Management, an Australian small-cap boutique, has picked up a $60 million mandate from an implemented consulting firm.
Sharia fund takes out award
Melbourne equity boutique Intrinsic Investment Management has won the third annual award for Innovation In Funds Management sponsored by the Victorian government. From about 80 managers invited to enter the competition, Intrinsic’s Sharia fund, which invests in stocks allowed by Islamic law, took out the prize. Two other managers were short-listed – River Capital and JM Financial.
Future Fund’s first investment in timberland
The Future Fund is set to make its first investment in timberland as it increases its allocation to “tangible assets” from 3 to 6 per cent, the general manager, Paul Costello, told a Melbourne conference yesterday.
legalsuper summons evidence from asset consultants
The $1.3 billion legalsuper is mid-way through tendering its asset consulting contract, held by the incumbent for six years.
Morry’s men pose threat to BlackRock
BlackRock Australia stands ready to “defend” at least $10 billion in legacy Barclays Global Investors Australian equity strategies, according to country head Damien Frawley, as two recently-departed BGI senior executives – including the all-important head of technology – consider whether to launch a boutique.
AvSuper accelerates into emerging markets
The $1 billion AvSuper has made its first dedicated investment in emerging markets.
FEAL announces new director, awards scholarships
The Fund Executives Association Ltd (FEAL) has appointed the chair of a large profit-to-members super fund as an independent director.
Thomas Murray loses both local staff
Custody consultant Thomas Murray, which in 2007 opened an Australian office amid a blaze of publicity following its conduct of the Future Fund’s backoffice tender, has seen both of its local staff recently depart.
Powis endures at FuturePlus
Richard Powis will continue as chief executive of FuturePlus, after a NSW Local Government-appointed board member of the services provider voted against a motion from peers to sack the embattled CEO over his role in the attempt made by Energy Industries Superannuation Scheme (EISS) to merge with the NSW Local Government Superannuation Scheme (LGSS) in 2009. Future Fund's first investment in timberland
The Future Fund is set to make its first investment in timberland as it increases its allocation to “tangible assets” from 3 to 6 per cent, the general manager, Paul Costello, told a Melbourne conference yesterday.
Morry's men pose threat to BlackRock
BlackRock Australia stands ready to “defend” at least $10 billion in legacy Barclays Global Investors Australian equity strategies, according to country head Damien Frawley, as two recently-departed BGI senior executives – including the all-important head of technology – consider whether to launch a boutique.
