After overseeing the redemption of $200 million to investors from the Colonial First State Global Asset Management (CFS GAM) hedge fund-of-fund (HFoF) business, David Bell, the former head of the division, has founded a boutique investment advisory that’s already got five clients.
Financial Synergy chief resigns
Financial Synergy’s chief executive officer and managing director has resigned after just over a year at the helm to return to his consulting business.
AAS makes redundant senior client service role
Australian Administration Services (AAS) has made redundant one of its client services roles, as the downturn starts to bite in the non-asset-based parts of the financial services industry.
Fin services salaries to suffer as CPI catches up
Executive compensation in Australia’s financial sector could fall to equal or below CPI in the next few years in line with a trend being seen across Asia Pacific.
NSW electrician’s fund puts its $300m into implemented
The $300 million NSW Electrical Superannuation Scheme (NESS) has ended its long-running partnership with Mercer Investment Consulting (Mercer IC), appointing a different provider and opting for an implemented service.
RiskMetrics buyout of Innovest signals ESG push
RiskMetrics Group’s acquisition of environmental, social and governance (ESG) research provider Innovest Strategic Value Advisors should extend its reach into the ESG analysis market in Australia, according to industry participants.
REST Superannuation has added a new “growth alternatives” sub-asset class to its portfolio and awarded two new mandates worth a total of $300 million. HESTA investment analyst departs
A key member of the $13 billion HESTA fund’s investment team has departed, prompting a search.
BDM found for Legg Mason platform accounts in NSW
Legg Mason has appointed a new business development manager from the property sector to promote its products and affiliate funds managers to the platform market.
Cap-weighted benchmarkers beware: GWA and RAFI now both in Oz
Global Wealth Allocation (GWA) has opened an Australian office, joining Research Affiliates as a provider of wealth-weighted indexing methodology with a local presence.
NSW electrician's fund puts its $300m into implemented
The $300 million NSW Electrical Superannuation Scheme (NESS) has ended its long-running partnership with Mercer Investment Consulting (Mercer IC), appointing a different provider and opting for an implemented service.
