The $12.2 billion Funds SA has rejigged its strategic weightings to equities and credit on the back of an extensive review conducted earlier this year and appointed a well-known ex-Russell and Intech consultant to its board.
Perennial exec steps up to biggest sales role there is
One of the biggest business development roles in the Australian funds management industry has gone to a Perennial Investment Partners executive.
ESI Super flicks 'inflexible' Mercer IC
The $2.5 billion Electricity Supply Industry Superannuation Fund (ESI Super) has terminated its long asset consulting relationship with Mercer Investment Consulting, in preference for a consultant that ESI chair Bob Henricks called “more proactive”.
JANA opens Telstra Super's Aussie equities book, as biotech booms in the gloom
JANA Investment Advisors will investigate Telstra Super’s Australian equities portfolio in coming months, while the corporate fund has increased its mandate with a Melbourne boutique after it returned 55 per cent in the first half of 2009.
Triguboff’s 2IC steps down at restructuring MIR
The well-known deputy managing director of MIR Investment Management has stepped down, while integration of the Asian and Australian qualitative research teams and a new dealer services relationship have seen the boutique trim numbers, but in a way that positions the firm to “take advantage of opportunities” according to boss Michael Triguboff.
Aberdeen sets it straight on State Street
Aberdeen Asset Management has clarified its intentions regarding State Street Investor Services, which took over Credit Suisse Asset Management’s backoffice just in time for that firm’s sale to Aberdeen, which has a global backoffice relationship with BNP Paribas Securities Services.
Instos push for greater governance by engagement, not influence: ICGN
To bridge corporate governance faultlines exposed by the financial crisis, institutional shareholders – particularly in the US – will seek broader voting powers but refrain from nominating preferred business executives to board positions, according to Peter Montagnon, chairman of the International Corporate Governance Network (ICGN).
Kapstream’s new hire will work out
Fixed interest boutique Kapstream Capital has added a credit analyst, off the back of recent mandate wins, including some ‘work out’ situations, which have taken it through $600 million under management.
Ascalon insto BDM search down to wire
Boutique incubator Ascalon Capital Management is down to a two-horse race in its search for a head of institutional business development, while last month it purchased the 45 per cent of a retail distribution agency it didn’t already own.
Former UBS GAM chief resurfaces at MLC
A former head of UBS Global Asset Management in Australia has joined MLC Sales as general manager.
Triguboff's 2IC steps down at restructuring MIR
The well-known deputy managing director of MIR Investment Management has stepped down, while integration of the Asian and Australian qualitative research teams and a new dealer services relationship have seen the boutique trim numbers, but in a way that positions the firm to “take advantage of opportunities” according to boss Michael Triguboff.
