Robert Penaloza, who joined Aberdeen Asset Management as a graduate trainee in Singapore in 1997, has been appointed the business’ head of Australian equities.
Australian hedge funds, which manage hundreds of millions of dollars on behalf of offshore investors, risk being locked out of the European Union if a new European directive is ratified, the Alternative Investment Management Association (AIMA) has warned.
AUSCOAL Super, a self-administered fund, has become the third client of a relatively new entrant to the member administration software market, while its investment administration manager will put his old shop to the test in a coming custody tender.
A renewed focus on counterparty risk by fund managers is driving the trend towards commission sharing agreements, which could soon become the dominant research payment system in Australia, according to Investment Technology Group (ITG).