The US$13 billion global equities manager Trilogy Global Advisors has joined the growing list of funds managers prepared to call the bottom for equity markets, and is already overweighting stocks leveraged to global economic recovery such as technology and consumer discretionaries.
CSAM small cap refugee finds new home
One of the Credit Suisse Asset Management Australian small caps team displaced by Aberdeen’s takeover of CSAM’s traditional businesses has resurfaced at an established small cap boutique.
Instinet builds transitions team in 'unconflicted-agent' drive
A new competitor in the Australian transition management market, Instinet, has recruited the driver of Macquarie Bank’s portfolio execution business.
Implemented consultant's $1.7b up for grabs
Two corporate super funds – the $1 billion IBM Australia Super Fund (IBM Super) and the $700 million Holden Employees Superannuation Fund (HESF) – are tendering implemented consulting contracts currently held by the same incumbent provider.
Big Kiwi custody mandate changes hands
One of New Zealand’s largest institutional investors has switched custodians for its NZ$6 billion domestic portfolio, moving from a local provider to a global custodian who will perform some of the work from Sydney.
Fidelity searches for new Asia-Pac chief as Goodin quits Sydney gig
The role of Fidelity International’s outgoing Sydney-based president for Asia-Pacific, Brett Goodin, will be temporarily split between two offshore executives, flagging no change for Gerard Doherty in his position as head of Australia.
5 Oceans upsizes, brings out 130/30 offering
Global equities boutique Five Oceans asset Management has appointed two analysts, bringing its headcount to 11, while also launching a 130/30 fund.
AussieSuper tenders giant group risk contract
AustralianSuper’s group insurance contract – worth roughly $150 million in annual premiums – has gone out to tender with four providers understood to be shortlisted.
ANZ loses Future Fund’s Australian custody
Northern Trust, the global custodian for the Future Fund, has delivered a body blow to ANZ Custodian Services by switching its sub-custody contract for Australian assets to an offshore-based provider, a decision which ANZ partially blames on negative publicity surrounding its equity finance business.
LUCRF enters the automated age with Bluedoor
After integrating the Bluedoor administration system into its contributions and payments processes, the $2.4 billion Labour Union Cooperative Retirement Fund (LUCRF) will begin melding the system with its website to enhance its interactivity.
PIMCO sole survivor of AUSCOAL fixed interest overhaul
AUSCOAL Super, the $4.1 billion industry fund for Australia’s coal community, has just completed a restructure of its $800m fixed interest portfolio.
