Australian super funds have the highest allocation to cash compared with pension funds in the other major markets, according to a report by Watson Wyatt.
120 roles to go at MLC – but investment management unscathed
Australia’s largest multimanager, MLC, has spared its investment management and implemented consulting teams from absorbing any of the 120 position cuts it announced late last night.
Manager that picked sub-prime meltdown gets local distribution
Investment group Ashton Advisors has partnered with Paulson & Co., the US manager famous for its huge returns after shorting sub-prime mortgages, to offer three ‘recovery’ funds to Australian institutions.
Mercer IC principal, Quentin Ayers co-founder moves into funds management
David Q. Lee, formerly a principal with Mercer Investment Consulting (Mercer IC) and a co-founder of alternatives consultancy Quentin Ayers, has been appointed to a senior role with a domestic funds manager. Precious jobs in Pengana’s Asia push
The $1.4 billion funds manager Pengana Capital has hired three new staff to open its firstSingapore office, among them a Platinum Asset Management departee, in what it has called a “strategically timed” move intoAsia. TheSingapore office will be headed by Douglas Isles, a former investment analyst with Platinum Asset Management, and actuary with the Commonwealth … Read more
Brookvine puts Gray on board, after late '08 hirings
Alternative investment marketing specialist Brookvine has promoted Jack Gray, a respected investment practitioner and academic, to its board. Precious jobs in Pengana's Asia push
The $1.4 billion funds manager Pengana Capital has hired three new staff to open its firstSingapore office, among them a Platinum Asset Management departee, in what it has called a “strategically timed” move intoAsia.
Head BDM among five who lost roles at Warakirri
The head of marketing and business development with Warakirri Asset Management was among five employees across the business whose roles were recently cut.
Legg Mason taps Citi after veteran analyst exits
The Australian equities division of Legg Mason has recruited a small caps co-portfolio manager to help fulfil duties previously covered by Tony Pearce, who exited the business in late 2008 after a 26-year tenure.
Super SA beefs up insurance thresholds
Super SA has modified the default death and total and permanent disablement (TPD) insurance offering for members in its Triple S investment option, adding an extra unit of limitation-free cover and increasing maximum claim thresholds.
Wellington International’s Australian chief axed
Wellington International Management’s first downsizing since the 1970s has claimed the managing director of the Australian office.
