Perpetual’s two year project to overhaul its unit registry system has been successful enough that it is now fielding requests from would-be white labellers.
Hedge fund beta good for super funds – report
The rise of hedge fund betas will lead to a reclassification of alpha, according to a report to be released at the major Absolute Returns Funds Conference for super funds in Melbourne this month.
Grove offers online deposit comparison service
As institutional investors allow their cash balances to build in the current market volatility, Grove Research and Advisory has launched an online term deposit research and transaction service.
Hedge funds to rock again
What began as an industry ‘bands night’ in 2002 has become an annual hedge fund awards and fundraising event for Cure Our Kids, a children’s cancer treatment research charity.
Changing of guard at SA Public Trustee
The chief investment officer of the $700 million South Australian Public Trustee investment service will take extended leave and may not return after his contract expires next year.
VFMC seeks chair, flags passive preference for ASX50
The Victorian Funds Management Corporation (VFMC) will consider external and internal candidates to replace Mike Fitzpatrick as chair from next January, and has revealed a beta focus for its new internal Australian equities team.
Fund staffers take turn in the spotlight
The Australian Institute of Superannuation Trustees (AIST) has launched an annual ‘Awards for Excellence’ program to recognise the contribution made by fund staff to the super industry.
IML adds three analysts as fund rating slides…
Amid a run of staff departures and a ratings downgrade from Standard & Poor’s (S&P), Investors Mutual Limited (IML) has appointed three analysts as it finishes restructuring the business.
…while departed small-caps analyst whistles Dexia
A former small-caps analysts with Investors Mutual Limited (IML), Tony Waters, has joined a competing boutique.
Mercer Aussie equities research chief lost to super
The head of Australian equities manager research at Mercer has left the firm to become the first chief investment officer of a major industry super fund.
Maritime follows old managers to new boutique
The Stevedoring Employees Retirement Fund (SERF) and the Seafarers Retirement Fund (SRF) have redeemed small cap mandates with Colonial First State Global Asset Management, and placed the money with a boutique which broke away from the institution.
BNP PSS to grow into Asia with major client
In a market where triennial reviews of service providers has become the norm, BNP Paribas Securities Services (BNP PSS) has extended a contract with one of its major clients out to 2014.
