The $2.5 billion Westpac Staff Super scheme has terminated its primary asset consulting contract with Russell in favour of another traditional consultant, while increasing strategic allocations to alternatives across its growth investment options.
Shock and awe campaign planned by IFSA to boost confidence
The Investment and Financial Services Association is planning a “shock and awe” campaign to help counter the low level of consumer confidence in the financial system. BNP Paribas Investment Partners CEO dies
The global head of BNP Paribas Investment Partners, whose decision to freeze three of the firm’s investment funds in August 2007 is considered a defining moment in the global credit crunch, has died at the age of 44.
Super funds should be putting aside 0.1 per cent of their annual investment return as a reserve to compensate members in the event that a major operational risk event occurs, according to Mercer. Hedge funds face extinction at Media Super
Warakirri Asset Management and FRM are two hedge fund-of-fund (HFoF) providers that have lost mandates with the $2 billion Media Super in an incisive review of its hedge fund program. Terms & Conditions
THE TERMS THAT APPLY WHEN YOU ARE A CLIENT – ADVERTISER, SPONSOR AND EVENT DELEGATE 1. WHEN DO THESE TERMS APPLY? 1.1 These terms will apply to you, the “Customer” every time you request publication of advertising or services in any Products owned by Conexus Financial Pty Ltd (ABN 51 120 292 257). Now referred … Read more
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.
