The Fairfax group has resuscitated its interest in the market for selling retail managed funds online with the purchase of InvestSMART.
BNP Paribas SS gets new head of business development
BNP Paribas Securities Services (BNP PSS) has promoted a new head of business development, following the imminent departure of the incumbent to Russell Investment Group.
Equipsuper backoffice head leaves for Citistreet
Equipsuper’s manager of member administration will leave the fund to take a position with its administrator, Citistreet, in December.
Two sales heads aren't better than one, CSAM decides
Credit Suisse Asset Management (CSAM) has ended its search for a head of institutional distribution, electing to collapse the role into that of the existing head of retail distribution.
QIC's strategy chief to spearhead Future Fund portfolio team
Tony Day, chief strategist with Queensland Investment Corporation (QIC), will join the Future Fund as head of strategy towards the end of October.
Departure from Capital Partners latest in 'musical chairs' trend
The departure of senior Australian equities analyst Richard Manyier from Capital Partners is just the latest move in what a Standard & Poor’s report has called a “game of musical chairs” among domestic share managers.
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.
