The AGEST super fund might have looked like a speculator last Wednesday, plunging $17 million into Australian equities after the market’s biggest one day fall in 18 years. However it was all just policy, according to chief executive Michael Seton.
BT gets new Wrap head
BT’s general manager of finance and risk, David Lees, is to become general manager of BT’s Super and Wrap Solutions business, following the resignation of Jason Yetton.
Perpetual hires defence adviser – but now may not need him
Perpetual Investments strengthened ties with corporate adviser Goldman Sachs JBWere with the appointment of a defence adviser last year, although analysts say a takeover attempt on it is now less likely.
AustralianSuper acts on Hamilton Lane tip
AustralianSuper has made its first commitment to a private equity manager on the advice of its global private equity consultant, Hamilton Lane.
JPMorgan wins $10b IAG Asset Management backoffice tender
JPMorgan Worldwide Securities Services is in final contract negotiations with IAG Asset Management to become the $10 billion bond and cash manager’s outsourced backoffice.
ComSuper ops expert joins Equipsuper
Equipsuper has recruited a director of operations from ComSuper to manage its outsourced administration and insurance arrangements.
Russell, State Street in line to win Vic State Trustees business
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.
