BT Financial Group’s head of distribution, Don Sillar, is just the most senior of dozens of sales and backoffice staff whose roles will be made redundant next month.
China sovereign wealth giant buys Aussie hedge fund nous
The $200 billion China Investment Corporation (CIC) will base its selection of hedge fund managers on advice from the Sydney-based team of a major asset consultant.
Cuffe, former Russell insto boss join carbon fund
An underlying manager in Chris Cuffe’s Third Link Growth Fund has appointed the industry figure to its board, alongside Russell Investment Group’s erstwhile head of institutional business.
First infrastructure play for AvSuper
Following a review of its strategic asset allocation (SAA) the $1 billion AvSuper will boost its alternatives portfolio by making its first allocation to global infrastructure.
Woes continue for GMO
GMO’s troubled Australian equities portfolio has suffered another $360 million in outflows as poor performance and an unstable team fail to instill investor confidence.
Direct property a diamond for coal fund in black year
Even the best performing funds of 2007/08, such as the LPT-avoiding Auscoal, delivered negative returns in the worst year yet for modern superannuation.
Aon master trust appoints head of product
Aon Consulting has appointed Peter Lewis as head of product for its $1.6 billion master trust.
Local government funds mull strategic alliance
Two local government super funds in Victoria and Tasmania have ruled out a merger – but nothing else – in discussions around how they might work together to benefit members.
The Freak’s COO goes out on her own
The woman who prepared Australia’s first investment administration RFP has emerged from helping wind up Greg Perry’s QED Capital, to start her own consultancy for boutique funds managers and their potential clients.
The Freak's COO goes out on her own
The woman who prepared Australia’s first investment administration RFP has emerged from helping wind up Greg Perry’s QED Capital, to start her own consultancy for boutique funds managers and their potential clients.
Pentafin prepares for life after Ascalon
Pentafin, a provider of integrated administration systems for retail financial services groups, has flagged that the significant Ascalon ownership it inherited through its merger with Direct Portfolio Services will not last long-term.
New ops head for RBC Dexia
The head of fund services at custodian RBC Dexia, Gordon Little, has been promoted to a widened role.
