Bravura Solutions has appointed a global head of product to be based in Sydney and will conduct a review of its product team.
Praemium at a loss but backs itself in the UK
ASX-listed technology firm Praemium has posted a net loss of just over $10 million in the year to June 2007.
Mainstream managers infiltrate hedge fund awards…
Mainstream managers have taken out four of the eight awards at the annual hedge funds awards night, coinciding last week with the Hedge Funds Rock charity event.
Concerns over quant managers may be long term – Watson Wyatt
The relative underperformance of quantitative managers in July and August has prompted some investors to question their strategies longer term. Watson Wyatt has indicated the questioning may be justified.
How managers should approach new product design for retail – Cerulli
Changes in the way financial planners build their clients’ portfolios – with the end goal in mind – are presenting funds managers with new challenges in their product development strategies.
JANA’s Coombe predicts doom for some startups
Jana Investment Advisers’ divisional director John Coombe says there are too many Australian equities startups and he predicts some will fail, as the consultant prepares to conduct its asset allocation meeting this week.
Russell study shows managers favouring domestic shares
Australian funds managers have made an about turn on their attitude to domestic equities after two years favouring global equities according to the latest Russell Investment Manager Outlook (IMO).
NZ government pension fund ups its risk budget
New Zealand’s Government Superannuation Fund (GSF), the now-closed defined benefit fund for the country’s public servants, has taken on more risk with its new strategic asset allocation taking effect this week.
Ex-GMO, ex-MIR senior quants to work together
The recently-departed heads of equities and equity research at GMO will team with the former head of quantitative research at MIR Investment Management, also an old GMO colleague, in a new venture with institutional backing.
Newson attracts following as Local Govt fund drops Intech, seeks CIO
The Auscoal and Military Super funds are among four big foundation clients for an investment advisory business being established by former FuturePlus CIO, Terry Newson.
Dealer groups battle for TWU planning tender
TWU Super, the $2.2 billion transport workers industry fund, is sourcing proposals from three financial planning dealer groups to provide financial advice to its members.
S&P to consolidate fixed interest reviews
Standard & Poor’s annual reviews of the sub-sectors within fixed interest will be combined into a single report from next year, following a drop in the number of managers offering their funds for rating.
