Funds management administrator Mainstream BPO has diversified into superannuation with the acquisition of Group Benefits.
Tyndall/Suncorp reviews systems infrastructure
The merged Tyndall and Suncorp investment operations and systems are being reviewed following the merger between parent company Promina and Suncorp.
Mercer boosts after-tax awareness with $1b BlackRock mandate
In a massive boost for the trend to after-tax awareness in funds management, Mercer Global Investments has awarded BlackRock with a $1 billion Australian equities mandate.
Russell unveils pipeline of more multi-manager alternatives funds
Russell Investment Group plans on expanding its range of separate multi-manager funds with the launch of a GTAA fund, followed by a directional hedge fund and a multi-strategy alternatives fund over the next 12 months.
… while Pengana launches Australia’s first global volatility fund
Pengana Capital’s global volatility fund – the first of its kind in Australia – has been seeded with a $150 million mandate from an unnamed institution.
All Star looks to bring active currency management to retail sector
All Star Funds, the Professional Investment Services-backed multi-manager, may become the first to offer the Australian retail market an international equities fund with actively managed currency overlaid.
Morningstar finally settles legal battle: Graham’s $4m richer
Graham Rich has finally reached a settlement with Morningstar of the US, the Australian arm of which he founded 24 years ago, with the US company agreeing to pay him $4 million plus some costs after a six-year legal battle.
Long-only managers need to change or go the way of other dinosaurs – AQR founder
Long-only managers are dinosaurs and the future of active investing is “something that looks like a hedge fund” according to Cliff Asness, managing and founding principal of AQR Capital Management.
NZ manager to stake claim in Australia
New Zealand-based fund manager Brook Asset Management plans to open an Australian office before the end of the year.
Vale Austin Donnelly – tireless worker for shareholder rights
One of the doyens of the financial services industry, journalist and a tireless worker for small shareholders, Austin Donnelly, died last Friday, aged 84.
Retail investor fights way back from Basis brink
Those who directed monies toward Basis Capital in the days before its initial warning of trouble to investors will need to invoke their right to a ‘14 day free look’ to get monies returned, according to one retail investor.
Asset allocators have all eyes on China
The medium term outlook for global equities is dependent on the extent to which China’s economy is able to decouple itself from a US slowdown, the Australian Super Investment Conference at Port Douglas heard yesterday.
