Global equities boutique Five Oceans Asset Management has been chosen to run a China- and India-themed fund offered by a Melbourne high-net-worth advisory, and has been supplied with an initial $50 million to invest.
Active management among top performers in 2009
Both Australian and global funds managers comfortably outperformed their benchmarks last year, as style had little impact on overall returns through the recovery.
After cutting investment ties with Chifley Financial Services, the $5 billion NSW Local Government Superannuation Scheme (LGSS) aims to sell its 33 per cent stake in the services provider. Intech gives thumbs up to hedge funds
Intech Investment Consulting has given hedge fund managers a much-needed boost, with the suggestion that the outlook is the best in years because of less capital competing for an “unusually wide range of opportunities”. Hermes flags Australian offensive
Hermes Pensions Management, the funds manager for the £32 billion ($56.6 billion) BT Pensions Scheme, will target superannuation funds as it markets its range of boutiques to institutions worldwide. IOOF departee lands AussieSuper job at Tower
Tower Australia has recruited IOOF’s former general manager of operations to service its $600 million group insurance account with AustralianSuper.
Fund mergers and the changing super landscape
Fund mergers and the changing landscape for superannuation – both retail and wholesale – are among the main topics which will feature at the 13th annual Investment Administration conference in Sydney on Tuesday 23 February.
LGSS transplants property team from FuturePlus
The $5 billion Local Government Superannuation Scheme (LGSS) has plucked a three-person team from services provider FuturePlus, which it half-owns, to manage its $580 million domestic property portfolio.
Cambridge ousts Russell from top NZ trust
Global consulting firm Cambridge Associates (CA) has scored its first major contract in New Zealand, replacing Russell in the plum role as adviser to the country’s largest charitable trust.
Indie funds manager sales to pick up as mega-deals fade
Independent funds management firms are expected to drive M&A activity this year as divestments by large cash-strapped financial institutions taper off from last year’s record level.
ConvergEx takes on Charles River in Australia
ConvergEx has introduced its Eze OMS order management system to domestic funds managers from a newly established sales office in Sydney, as rival company Charles River unveils an updated model of its investment management system.
Super stoush: EISS draws union fire by ‘secretly’ planning LGSS merger
The merger of sister funds Energy Industries Superannuation Scheme (EISS) and LGSS could not occur until both funds reach agreement in a fully consultative process, the NSW Treasury confirmed, following claims from the United Services Union (USU) that EISS and Treasury spent months planning to merge the funds – without informing LGSS. 
