Buffeted by staff departures and asset allocation moves away from Australian equities, GMO hopes three new hires and an emphasis on tax-effective strategies will halt outflows.
Nearly one year on from the collapse of $1.2 billion hedge fund Basis Capital, the firm’s distribution head has resurfaced in the domestic alternatives industry.
The managing director of Standard & Poor’s in Australia will leave at the end of July after 18 years, while the firm is understood to have hired a refugee from Allianz Global Investors as its head of manager research.
Asset consultant JANA Investment Advisers has appointed two former analysts from Russell Investment Group to boost its implemented consulting products, while globally, Russell digests top-level resignations.
The biggest systems replacement in Australian member admin history has reached a new stage, with Superpartners set to proceed with two providers to help replace its ageing R2 platform.