SPEC(Q) has seeded the Solaris High Alpha Fund with a $33 million mandate, becoming the fourth investor in the boutique comprised of the entire former Suncorp Australian equities team.
Insto groundwork pays off for HFA
HFA Asset Management (HFA AM) has won its first institutional mandate since making a decisive effort to target the sector in mid-2007.
Four out of 13 global LPT managers get Lonsec nod
Four funds have achieved the top rating in Lonsec’s annual review of the global property securities sector.
Corneil crowned as insto/retail divide blurs at Russell
Head of Russell’s retail investor services business, Chris Corneil, is to head up the new Investor Services Group; an amalgamation of Russell’s former institutional and retail advisor businesses.
Too much, not soon enough: Skandia cancels Bluedoor registry partnership
Platform provider Skandia has terminated it’s partnership with Bluedoor Technologies, saying the vendor’s Wealth.net registry solution was too far-reaching to be installed effectively.
Citistreet puts its top man on Australian board
CitiStreet’s global chairman and CEO Phil Lussier has been named chairman of the board of the member administrator’s Australian business.
Former BNP PSS ops manager becomes Challenger exec
A senior custody manager from BNP Paribas Securities Services (BNP PSS) has been recruited to Challenger Financial Services Group.
Fiducian's India fund managers say it's not too late
Fiducian Portfolio Services is off to a flier with its India fund and is expecting strong long-term growth based on the country’s prospects.
Alternative, Asian managers to dominate M&A activity
Alternative managers, international and Asian managers and financial technology firms will attract most M&A activity this year, according to a new report from Jeffries Putnam Lovell.
Perpetual's dearth of a salesman as Matt Russell walks
Perpetual Investments has lost its institutional relationship manager for income and multi-sector funds, with Matt Russell ending his 18-month tenure and starting at a major competitor next month.
Credit Suisse to expand emerging markets offering
Credit Suisse Asset Management plans to introduce more emerging markets products in Australia as part of a “more dynamic” product suite which concentrates on alpha generation.
And the KiwiSaver winner is…Commonwealth Bank of Australia
A fund owned by the Commonwealth Bank of Australia (CBA) has captured over 10 per cent of the net NZ$226 million to have flowed into the KiwiSaver retirement savings system since last October.
