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.
Home country bias permeates fund views on outlook for markets
Home country bias may extend past a fund’s overweighted asset allocation to domestic investments and to the way that trustees view their country’s future prospects, according to the results of a global investor survey by AXA Rosenberg.
US hedge fund giant opens Sydney office
Wexford Capital, a $US7 billion hedge fund and private equity manager out of Connecticut, has poached an RBC Capital analyst to establish a Sydney office.
Fiani hires fifth former UBS colleague
The founder of Integrity Investment Management, ex-UBS Global Asset Management local shares head Paul Fiani, has poached a fifth former colleague for his Australian equities start-up.
Tomkinson replaced as Zurich investments boss
Catherine Hallinan, acting chief operating officer of investment management and life at Zurich, is likely to take over the role permanently by March following Barry Tomkinson’s departure.
Ipac to quadruple alternatives exposure
Ipac will dramatically increase its alternative asset allocation, with chief investment officer Jeff Rogers flagging levels as high as 20 per cent across the firm’s $17 billion under advice and management.
AGEST buys Aussie equities for first time in a year
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.
