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.
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. Corporates forced to prop up ailing DB plans
More corporates could be forced to plough money into their defined benefit pension plans after a survey of Australian listed companies revealed a modest funding shortfall of less than $2 billion six months ago is now an estimated $25 billion black hole due to falling interest rates and asset values. Tassie’s RBF to outsource administration
The $3.4 billion Retirement Benefits Fund
of Tasmania (RBF) is preparing to outsource its member administration service for the
first time.
Big cash positions clarified by Frontier
Up to 25 per cent of a handful of super funds was in cash, as of last month, while others had between 6-8 per cent cash, according to Frontier Investment Consulting.
The $28 billion AustralianSuper terminated several mandates with active equities managers last week and directed most of the freed-up capital to passive exposures, in an effort to simplify its portfolio by trimming excess managers.Perennial Growth looks for new senior resource
Australian equities boutique Perennial Growth Management aims to recruit a senior equities analyst from the supply of local and expatriate candidates looking for work in
Melbourne.
Aussie platform technology in Asia
OneVue has entered a partnership with a Hong Kong technology company, WealthCraft, to assist the expansion of its administration platform in Asia.
Tassie's RBF to outsource administration
The $3.4 billion Retirement Benefits Fund
of Tasmania (RBF) is preparing to outsource its member administration service for the
first time.
In only the second change of leadership at value manager Maple-Brown Abbott, managing director and chief executive John Kightley will soon retire, to be succeeded by a long-standing colleague.
