Select Asset Management has dropped the institutional marketer for its fund-of-hedge-fund manager Gottex Fund Mangement, after alleged fraud in an underlying fund, dismal performance, and a freeze on redemptions made the prospect of investor appetite less likely.
Mercer takes the plunge with managed futures
Mercer’s multimanager funds have taken note of stellar performance from managed futures managers over the past year, making their first ever allocation to the asset class at the same time as helping break the mandate drought in global equities, awarding $400 million to RCM Global Investors and $300 million to Martin Currie.
Christmas cheer: marketing jobs still coming up
AustralianSuper, Mercer’s multi-employer master trust, NAB Custodian Services and Invesco have given some hope to displaced sales and marketing professionals, all making hires in that area in recent days.
Platinum poaches from Watson Wyatt for insto foray
Australia’s most successful global equities manager, Platinum Asset Management, has hired an investment consultant from Watson Wyatt to spearhead its first major push into the institutional market.
Sunsuper brings pension fund tech provider aboard
Sunsuper has appointed a financial services processing solutions specialist to enable its integration of CSA Retirement Services, formerly Citistreet Australia, which it bought in November and has since renamed.
Blown-out spreads brings action back to corporate bonds
Widening credit spreads in the domestic corporate bond market have prompted one manager to advocate selective long-term buying in the sector, while a major superannuation fund sees better rewards for active credit in offshore markets.
ANZ private equity team halved as bank cuts insto businesses
The headcount within ANZ Private Equity has approximately halved as the manager pursues exits for its portfolio of remaining mid-market deals, following the bank’s decision to shut the division down in October.
Russell’s New Zealand head to be based in…Sydney
Russell Investments has moved the base of its New Zealand managing director position from Auckland to Sydney, at the same time as adding to the industry’s downsizing trend with a round of job cuts in the Australian operations.
Russell's New Zealand head to be based in…Sydney
Russell Investments has moved the base of its New Zealand managing director position from Auckland to Sydney, at the same time as adding to the industry’s downsizing trend with a round of job cuts in the Australian operations.
