The trustees of the Necropolis Springvale, administrators of three Victorian cemeteries, are seeking an implemented consultant to consolidate up to $80 million currently managed internally or by sector specialists.
Gibbs flags governance role after final ARIA note…
The outgoing Australian Reward Investment Alliance (ARIA) chief executive, Steve Gibbs, has strongly hinted a role related to corporate governance or sustainability may be his next move after he finishes up in mid-January.
…as ARIA reserves 1% for ‘dry powder’ distressed debt
The $18 billion Australian Reward Investment Alliance (ARIA) has set aside up to 1 per cent of its total assets to a fund which will progressively identify distressed debt opportunities.
Legalsuper puts $30m into aged care, appoints new Oz equities managers
After restructuring its lineup of Australian equities managers, the $1 billion Legalsuper is finalising a $30 million investment in a retirement centre fund.
PIMCO, Karara make room for FI boutiques at LUCRF
PIMCO and Karara Capital have both lost mandates in a recent fixed interest review by the $2.4 billion Labour Union Cooperative and Retirement Fund (LUCRF).
Absolute Alpha to choose alternative beta provider
Institutional and retail hedge fund-of-funds manager Absolute Alpha will aim to make an ‘alternative beta’ allocation towards credit and fixed income arbitrage strategies before the new year, and has narrowed its search to a shortlist of two providers.
Nervous’ investors give K2 a 400% inflow spike
Newly-listed hedge fund manager K2 Asset Management had its biggest month ever in net inflows in November, but it has little if nothing to do with the November 29 float on the Australian Stock Exchange, according to K2 founder and managing director Campbell Neal.
Aurora closes raising for ETF number five
Listed investment trust manager Aurora Funds Management has closed the capital raising for its fifth exchange traded fund, slated to list before the end of December, after raising $20 million in six weeks from Australian and New Zealand-based retail investors.
AXA gives more custody to RBC Dexia
RBC Dexia Investor Services has won the custody contract for AXA’s new super and pensions platform, North.
Battles and big appointments the top stories of ’07
As I&T News closes for another year, tales of conflict and big name poaching proved once again to be the stories you loved to read.
…as ARIA reserves 1% for 'dry powder' distressed debt
The $18 billion Australian Reward Investment Alliance (ARIA) has set aside up to 1 per cent of its total assets to a fund which will progressively identify distressed debt opportunities.
Nervous' investors give K2 a 400% inflow spike
Newly-listed hedge fund manager K2 Asset Management had its biggest month ever in net inflows in November, but it has little if nothing to do with the November 29 float on the Australian Stock Exchange, according to K2 founder and managing director Campbell Neal.
