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.
Perpetual mulls white-labelling unit registry system
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.
