PINs Securities NZ (PINs NZ), a credit note issuer backed by Absolute Capital, has confirmed that it will not make interest payments on the 2006 issue of PINs securities during October, and that a similar outcome could affect 2005 PINs notes.
MFS, Adam Smith AM claim new TWU Super mandates
TWU Super has dealt fresh global equities and Australian small caps mandates as part of an ongoing portfolio reconstruction aimed at further diversifying its investment exposure.
OneAnswer brings emerging markets out of the insto ranks
ING Australia has brought the OptiMix global emerging markets shares fund out of the institutional shadows and installed it on the group’s platform, OneAnswer, along with four other additional vehicles.
Centralised portfolio management a 0.25 per cent value-add for Intech
Intech claimed it would reduce the volume of unnecessary trading in its Australian Shares Active Trust, by appointing Vanguard Investments to implement the investment decisions of its large cap managers.
Catholic Super grows investment team with manager researcher
The $2.8 billion Catholic Super has expanded its internal investment team to three.
Get a how-to on measuring hedge fund risk
Measuring risk on hedge fund investments is difficult, but vital for trustees to learn, according to a RiskMetrics founder who will present a how-to guide at an upcoming AIST seminar.
CARE Super goes to tender in administration review
CARE Super is reviewing its member administration function, last week sending tender documents to interested third-party administrators (TPAs).
Fresh set of eyes to decide Perpetual’s custody future
Responsibility for Perpetual Investments’ outsourced custody and fund accounting functions has shifted from the finance division to the chief operating officer, Eric Wang, who wants to bed down the manager’s new unit registry system before deciding whether to re-sign RBC Dexia Investor Services.
Poor transition transparency is our opportunity: BNY Mellon
Some Australian transition managers are getting away with pricing practices absent from overseas markets for years, according to BNY Mellon as it prepares to enter the local fray.
Home country bias to tumble: REST chief
Super funds will be looking to reduce their home country bias further in the future and develop new strategies for illiquid investments, particularly overseas, the chief executive of REST, Damian Hill, will tell an AIST seminar later this month.
BGI punts on fee-based planners to boost ETF demand
The trend to fee-for-service financial planning is the catalyst for the latest boost to Australia’s fledgling Exchange Traded Funds (ETF) market.
Kovacs packs Mac in for Packer
Former division director of Macquarie Bank’s equity markets group, Cathy Kovacs, has settled into an executive position with a James Packer-owned funds manager.
