The sovereign wealth fund of East Timor, the $2.9 billion Petroleum Fund, will have its global custody needs serviced from Sydney.
Local multi-affiliate takes over MFS stake in Tribeca
A local multi-affiliate funds manager has bought the 60 per cent stake in Tribeca Investment Partners previously owned by the stricken MFS (now Octaviar).
UBS GAM boss takes on dual role, and a deputy
UBS Global Asset Management has restructured, with Paul Bolinowsky adding ‘head of institutional sales’ to his Australasian managing director role, and a longstanding executive who’d been on the verge of departing the firm being retained as his deputy.
Four active Future Fund mandates come to light
The $61.5 billion Future Fund has committed to three private equity funds managers, and awarded its first active global equities mandate, to Lazard Asset Management.
FuturePlus to expand the role of new CIO
To replace its exited chief investment officer, FuturePlus will search for a general manager of investments, a role chief executive Richard Powis believes will expand the superannuation service provider’s analytical reach.
Principal poaches new insto head from ING
A senior institutional sales manager has departed ING Investment Management to join Principal Global Investors as director of institutional sales.
REST anticipates another co-contributions boost
REST Superannuation is expecting another significant boost to its funds under management as June 30 approaches.
Portfolio Partners loses financials analyst to sell-side
Six months after starting at Melbourne-based Australian equities manager Portfolio Partners, a financials analyst has been lured to the sell-side at Credit Suisse in Sydney.
Prepare for the first post-Choice year of bad returns
The Australian Institute of Superannuation Trustees (AIST) is hosting seminars on how superannuation funds can communicate negative returns to members.
Gibbs to build bridge between super funds and investment bank
Former ARIA chief, Steve Gibbs, has been hired by a major investment bank to help distribute its synthetic and alternative investment products to not-for-profit super funds.
ComSuper seeks tenders for admin system overhaul
ComSuper, the administrator of Commonwealth public sector super funds, is inviting tenders for a new IT platform to run its clients’ defined benefit schemes.
White Outsourcing sees past IRESS, joins SWIFT
Accounting and administration provider to funds managers, White Outsourcing, has joined the SWIFT network through a service bureau solution.
