The soon-to-merge Stevedores and Seafarers retirement funds (SERF and SRF) have called in Rice Warner to help them appoint an external asset consultant, following the departure of two analysts from Terry Newson’s internal investment team.
VFMC hits home country bias, trials minimum variance
The $40 billion Victorian Funds Management Corporation has slashed its strategic asset allocation to Australian equities, and is trialling minimum variance portfolios to complement its growing use of fundamental indexing.
Paul Fiani brings another ex-UBS colleague on board
Paul Fiani, the former head of Australian equities for UBS Global Asset Management (UBS GAM), has hired yet another ex-colleague to join the boutique he founded last year, Integrity Investment Management.
Sunsuper puts its money where Macquarie is
The $12 billion Sunsuper has struck a deal to co-invest on an ongoing basis with Macquarie Bank.
Russell wants PM with short-term view
Russell Investment Group is seeking its first Australasian portfolio manager for ‘short term investments’, to handle a spike in clients’ need for cashflow management.
Alternatives searches up 20% in ’07: Mercer
Mercer Investment Consulting ran 20 per cent more searches for alternative asset managers globally in 2007 than it did the previous year.
Superb no sop to Aon, it’s the road to retail says Pillar…
Pillar Administration’s three-year contract with Bravura Solutions’ Superb platform, far from a condition foisted on it by new retail client Aon, would in fact help the NSW Government-owned business win more master trust clients, according to CEO Peter Beck.
…as administrator goes on client manager hiring spree
NSW government-owned member administrator, Pillar, has appointed a series of administration and relationship managers to work with specific super fund clients.
Alternatives searches up 20% in '07: Mercer
Mercer Investment Consulting ran 20 per cent more searches for alternative asset managers globally in 2007 than it did the previous year.
Superb no sop to Aon, it's the road to retail says Pillar…
Pillar Administration’s three-year contract with Bravura Solutions’ Superb platform, far from a condition foisted on it by new retail client Aon, would in fact help the NSW Government-owned business win more master trust clients, according to CEO Peter Beck.
Contango moves to Melbourne-based custodian
Contango Asset Management has flagged geography as a reason for moving away from RBC Dexia Investor Services as provider of backoffice services to its pooled funds.
Precedent for Citistreet to be left alone: ING Australia chief
Citistreet’s “;business to business”; model is different from the ING Australia (INGA) corporate super admin approach, and may be left as a standalone entity here following its global purchase by ING, according to acting INGA chief Ross Bowden.
