Manager search activity by pension funds and their consultants is picking up, according to Nate Dalton, chief operating officer of the Boston-based multi-affiliate manager Affiliated Managers Group.
Should super funds be forced to hold capital?: ASFA
The Association of Superannuation Funds of Australia (ASFA) has questioned whether super funds should be forced to hold capital as a way of managing liquidity risk, and suggested actuaries might have a role to play in signing off on the valuation of unlisted assets.
AvSuper reviews consulting, sits on AllianceBernstein redemption
The $1 billion AvSuper industry fund is using a former consulting boss to conduct an asset consulting review, as it considers how to redeploy 25 per cent of its global equity allocation pulled from the AllianceBernstein Global Style Blend product. CFS GAM shelves Property & Alternatives group
Colonial First State Global Asset Management (CFS GAM) has pulled the plug on its Property & Alternatives Investments (PAI) group, letting go its head and creating discrete business units for property and infrastructure, in the process formalising its exit from private equity and other alternatives.
MIR upgrades with Charles River systems
Sydney-based value manager MIR Investment Management has gone live on an upgrade of the Charles River trading and compliance systems and added the global FIX electronic trading module.
Northern Trust hires Kapstream risk specialist
Northern Trust has recruited Madhu Gayer, the former head of risk at Sydney-based boutique bond manager Kapstream Capital, as head of risk and analytical services for Asia Pacific.
Ascalon to drive a harder bargain on custody
Ascalon Capital Managers, the Westpac-owned boutique incubator, will conduct a custody tender as it seeks to make greater use of its investee managers’ collective buying power.
Australia’s Gordon leaves Fidelity in London
Michael Gordon, the former European chief investment officer for Fidelity International, based in London, has left the firm and has told friends he will take a break from the funds management industry. CSAM hits up Citi for new alternatives sales head
Credit Suisse Asset Management (CSAM) has lured Citi’s domestic alternatives head to run sales, as part of its global push to strengthen its alternatives unit following the sale of its traditional business to Aberdeen, however it is understood to still be seeking an overall boss for the business.
Who lost what in Aussie Super shake-out
The $28 billion AustralianSuper terminated mandates with roughly 20 Australian equities managers when it rationalised its active equities allocations in the last fortnight.
Russell's Wednesday of woe: 36 gone in Australia
Russell is paying the price for its new dependence on asset-based fees, with 20 Melbourne staff and 16 Sydney staff retrenched last Wednesday including the director of investor services and all but two of the institutional business development managers, while it will not re-tender for one of its largest asset consulting contracts.
CFS GAM shelves Property & Alternatives group
Colonial First State Global Asset Management (CFS GAM) has pulled the plug on its Property & Alternatives Investments (PAI) group, letting go its head and creating discrete business units for property and infrastructure, in the process formalising its exit from private equity and other alternatives.
