Victorian-based State Trustees is understood to have appointed, for the first time, a custodian to administer its unlisted trusts and an implemented consultant to drive investment strategies.
Jack Gray leaves GMO
Jack Gray, head of strategy at Grantham Mayo van Otterloo (GMO), has resigned from the firm.
WA Local Govt Super buys half of Grove Research
Western Financial, the business arm of the $1.4 billion WA Local Government Super Plan (WALGSP), has purchased a 50 per cent stake in investment advisory firm Grove Research from Apostle Financial Group.
Van Eyk loses research chief, overhauls structured products research
Van Eyk’s head of funds manager research, Jerome Lander, will follow Suzanne Tavill out of the firm after resigning last week.
Marvin & Palmer try for Aussie retail
Traditionally active in the institutional market, $US14 billion investment firm Marvin & Palmer Associates is making a decisive move to board Australian platforms.
CARE Super looks to Liechtenstein in private equity play
The $3.5 billion industry fund CARE Super has awarded two new mandates to offshore private equity managers while increasing its infrastructure holdings.
Members of dud super funds should feel cheated: Bresnahan
For most Australian super funds, January has already erased the earnings of the financial year to date and beyond. But the members of some funds have more to gripe about than others, according to research house SuperRatings.
Ex-Colonial First Staters to launch small caps shop
Two former Colonial First State (CFS) senior portfolio managers, who left late last year, are set to resurface by March as joint owners of a new Australian small cap boutique fund.
Denis Donohue’s team scores first post-Suncorp mandate
The former Australian equities investment team at Suncorp, which defected as a group to form new fund manager Solaris Investment Management last December, has received its first investment mandate since opening for business.
US recession story is a beat-up, say economists
Ethan Harris, chief US economist at Lehman Brothers, and Andrew Pease, investment strategist at Russell, down-played talk of a US recession yesterday, stating separately that 2008 could expect to finish in positive territory.
Macquarie Wrap offers discount to funds managers
Macquarie Wrap has offered discounts to fund managers prepared to transact with it via SWIFT’s new managed fund messaging standards.
Jack Gray leaves GMO
Jack Gray, head of strategy at Grantham Mayo van Otterloo (GMO), has resigned from the firm.
