Private client fund manager Caledonia Investments Group has rationalised its custody arrangements after having had two separate custodians for unit trusts and individually managed accounts since it opened over 10 years ago.
Legg Mason launches three trusts for Brandywine
Multi-affiliate manager Legg Mason Asset Management has launched its first locally domiciled trusts for US-based value manager Brandywine Global Investment Management.
Van Eyk pulls $240m from bereft Suncorp Oz equities
Van Eyk’s Blueprint multimanager business has wasted no time in reacting to the departure of Suncorp Investment Management’s Australian equity team.
ipac senior quant heads for Whiter pastures
The investment management team of Axa-owned ipac will soon lose its quantitative analyst to institutional boutique White Funds Management.
Kapstream reaches $350m with two new mandates
AustralianSuper and the Catholic Superannuation and Retirement Fund (CSRF) have distributed $150 million between them in new money to fixed income boutique Kapstream Capital, while the manager acts on its current preference for cash over bonds.
Allianz Centre opens with green stars
A more energy efficient building at No.2 Market St. Sydney was unveiled yesterday as the most recent addition to the portfolios of Allianz Insurance Australia and Macquarie Office Trust.
Melbourne’s Bellwether to chase insto mandates
Australian equities fund manager Bellwether Partners has ramped up its presence in the local share market with fund flows from private clients increasing six-fold in its long/short fund and its first mandates from institutional investors expected early 2008.
AustralianSuper begins a private equity revolution
AustralianSuper has made its first single-manager investment in offshore private equity.
Invesco seeks parental help to rescue Australian equities
Invesco Australia has sought the assistance of its international parent’s investment teams in Europe and the US to help rebuild the Australian large cap fund which was decimated after its top two managers departed in March.
Morse Consulting hires heavy hitter
Morse Consulting, an operations consultant to the investment industry, has hired a former Colonial First State executive to its Sydney office.
IAG using Hewitt in admin/custody mega-tender
The $1 billion IAG & NRMA Superannuation Plan is using Hewitt Associates for a combined member admin/master custody tender, while IAG Asset Management is also considering outsourcing its backoffice functions.
Front-office recruits signal SimCorp’s OM³ push
SimCorp has recruited two ex-Colonial First State front-office specialists to assist purchasers of its buy-side software, Order Management³ (OM³), to implement the system.
