wednesday

Investment Strategy

Russell’s Wednesday of woe: 36 gone in Australia

Russell is paying the price for its new dependence on asset-based fees, with 20 Melbourne staff and 16 Sydney staff retrenched last Wednesday including the director of investor services and all but two of the institutional business development managers, while it will not re-tender for one of its largest asset consulting contracts.
Hedge Funds

Russell's Wednesday of woe: 36 gone in Australia

Russell is paying the price for its new dependence on asset-based fees, with 20 Melbourne staff and 16 Sydney staff retrenched last Wednesday including the director of investor services and all but two of the institutional business development managers, while it will not re-tender for one of its largest asset consulting contracts.
Investment Strategy

Opposition to AWM resolutions swamped

The contentious proposals from the board of Australian Wealth Management to increase directors fees, grant 2.2 million options to its managing director, Andrew Barnes, and gain approval for its remuneration report were comfortably passed by shareholders last week.
Investment Strategy

Opposition to AWM resolutions swamped

The contentious proposals from the board of Australian Wealth Management to increase directors fees, grant 2.2 million options to its managing director, Andrew Barnes, and gain approval for its remuneration report were comfortably passed by shareholders last week.