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.
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. 
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.
