Non-Government Schools Super will lose investments manager Joanne Townsend at the end of the month, when she moves to a senior investments role at one of Australia’s largest industry funds.
SSgA pays out $US6m to one of five litigants
One of the five institutional investors suing State Street Global Advisers (SSgA) over sharp losses from a suite of purportedly low-risk fixed interest funds, which were exposed to subprime-backed securities, has reached a settlement with the manager.
Funds SA appoints three new Australian equity managers
A shuffle of Funds SA’s $5 billion Australian equities portfolio has created space for three new managers.
Avanteos joins Al Gore’s sustainable Generation
Commonwealth Bank-owned wholesale investment platform Avanteos has added the Colonial First State Generation Sustainability Fund to its 600-strong smorgasbord of managed fund options.
Oz equity start-up reaches $200m mark
Boutique Australian equities manager L1 Capital has won three more mandates from institutional investors, increasing its funds under management to reach $200 million.
AustralianSuper signs up for JPMorgan private equity system
JPMorgan Worldwide Securities Services has claimed its first client in Australia for the specialist private equity fund administration service it launched last year.
Former JPMorgan custody chief re-emerges
The former Australian head of JPMorgan Worldwide Securities Services, Tony Winwood, has taken a senior operational role at another custodian.
Avanteos joins Al Gore's sustainable Generation
Commonwealth Bank-owned wholesale investment platform Avanteos has added the Colonial First State Generation Sustainability Fund to its 600-strong smorgasbord of managed fund options.
Now, Martin Currie looks to set up shop in Australia
Martin Currie Investment Management, the Edinburgh-based equities manager, is looking for a country head to open an Australian office.
NZ Super takes alternative view of alternatives
The New Zealand Superannuation Fund has reiterated its preference for long-term growth assets with private market investments in particular earmarked for a more significant weighting in its portfolio.
MTAA Super drops claim that former chair breached Corps Act
The $6 billion Motor Trades Association of Australia Super (MTAA Super) has dropped the allegation that its former chairman, John Rickus, breached the Corporations Act by supplying private information about the fund’s alternative investment strategies to a specialist alternatives advisory business with which he was seeking employment.
Principal buys overweight stakes in Centro LPTs
Principal Global Investors has increased its allocation to the beleaguered Centro listed property vehicles, believing the group is capable of surviving its liquidity shortfall.
