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.
Teamsters tip $300m into IFM global infrastructure
The US Teamsters’ Union pension funds, which have about $US120 billion across a range of affiliated funds, have invested US$300 million into the Industry Funds Management Global Infrastructure Fund and suggested a similar amount may be forthcoming by year end.
Plug the super gap, AIST tells the pensions world
Australia’s superannuation ‘gap’ should be plugged by removing the 15 per cent contributions tax for lower-paid workers, removing the $450 threshold (minimum monthly wage before the superannuation guarantee is applicable) and introducing paid maternity leave with a super component, the AIST Global Dialogue conference was told.
Palisade gets Perpetual leg-up into infrastructure middle market
Palisade Investment Partners will seek about $200 million from wholesale investors when it reopens its newly-purchased Perpetual unlisted infrastructure funds in August, promising a ‘pure’ alternative to infrastructure driven out of investment banks.
Frontier finds senior consultant at VFMC
Frontier Investment Consulting has hired Victorian Funds Management Corporation’s head of client services as an additional senior consultant.
Another SSgA executive to come home
First it was regional CIO Lochiel Crafter returning to Sydney to run the ARIA funds, then international business head Mark Lazberger leaving London for the Colonial First State GAM top spot – now another senior Australian import within State Street Global Advisors is homeward bound.
Rubicon PMs cross to new hedge fund at Pengana
Pengana Capital has incubated an event-driven hedge fund run by two portfolio managers who left Rubicon Asset Management shortly after Allco bought the firm.
Challenger loses researcher relations manager to Zurich
One of Challenger’s top account managers has left for Zurich Financial Services, filling the newly created role of national accounts manager – investments.
HostPlus goes on hiring spree
Industry fund HostPlus has moved to capitalise on market opportunities, awarding four new mandates.
Perpetual departee to run property for mega-fund
One of the country’s largest super funds has snapped up a portfolio manager from Perpetual Investments’ disbanded direct property team to become its first ever head of property.
ESI Super awards five PE, infrastructure mandates
The Electricity Supply Industry Super fund has dramatically increased its private equity and infrastructure exposure with five new mandates, while it also awarded a new mandate in emerging markets, and a mandate switch away from the Australian equities fund of Suncorp Investment Management.
Sydney Uni students to get a Praemium education
University of Sydney students who are working towards funds management careers will receive complimentary access to Præmium’s portfolio administration service, V-Wrap, and market data system, p-Desktop, in a brand-conscious deal brokered by Praemium CEO, Arthur Naoumidis.
