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.
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.
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.
Scholarship available for new FEAL-Melbourne Business School qualification
Fund Executives Association Ltd (FEAL) has partnered with Melbourne Business School to offer a new post-graduate qualification specifically designed for executives in the superannuation and financial services industry – and a scholarship covering part of the qualification is available to one fund executive.
MFS vs MFS: Americans slap trademark infringement suit on Aussies
The MFS Group has declared it will fight a trademark infringement claim filed against it in a New York court by global equities giant Massachusetts Financial Services Company.
Maragiannis is back
The former head of institutional sales at Credit Suisse Asset Management (CSAM), John Maragiannis, will next month take a senior distribution role after nearly a year out of the industry.
NGS Super loses internal investment manager
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.
