The March 2008 target date it originally set for itself has blown out by a few months, but Skandia is confident it will have a new platform registry system by the end of next year.
Bryan Gray, JP Morgan Worldwide Securities Services’ domestic head of sales, has been elected chair of the Australian Custodial Services Association (ACSA) for the second time.
In a world where funds managers of all descriptions are under increasing pressure to demonstrate added value, the role of hedge funds-of-funds (FoFs) is being continually scrutinised.
Having the “best balance sheets in a generation” should allow non-financial companies to keep the world out of recession, according to a London-based hedge fund manager.
The chief executive of Colonial First State Global Asset Management, Warwick Negus, has made a private investment of $10 million in a Sydney-based global equities boutique.
UBS Global Asset Management has hired a former manager of investments at Commonwealth Bank Officers Super Fund to be its head of institutional consulting relations.
Expectations are high following Prime Minister-elect Kevin Rudd’s pre-election promises to raise super contributions, cut red tape, boost exports for Australian financial services, and turn Australia into a regional financial hub.
South Australian government superannuation fund Funds SA has sold its last direct property investment, spelling the end of an era for the fund which once had up to 30 per cent in direct property.