Custody and asset servicing outshone asset and wealth management profitability at Northern Trust globally in the December quarter, as interest income slumped 20 per cent and charges from a 500-person jobs cut program hit home. In an earnings call with
The NZ Superannuation Fund has slightly lifted both long-term outperformance and risk expectations in its latest ‘reference portfolio’ review while removing an explicit emerging markets benchmark from the process. Following the five-yearly refresh of reference portfolio assumptions in 2020, the
After a review which took just over a year, State Street has been awarded the challenging asset servicing task of transitioning Perpetual Investment Management’s Australian funds management business. The ultimate prize may be to also take on the bigger asset
Amundi Asset Management, Europe’s largest fund manager, has reassessed global developments over the past three months and produced a new outlook paper for markets in 2021. The latest view is more bullish than the last. The €1.66 trillion (A$2.01 trillion) manager
Raewyn Williams has resigned from Parametric Portfolio Australia and will leave the firm at the end of February, after seven years there. She is Australia’s best-known exponent of after-tax investing, who has been a prolific producer of global and Australian
FNZ has won a last-ditch bid to relitigate the looming forced sale of Australian software firm GBST after the UK competition authority flagged possible mistakes in figures underpinning its earlier decision. In a notice published late last year, the Competition
Northern Trust has won another passive global equities gig with a bank-owned KiwiSaver fund following a mandate reshuffle at the Westpac scheme in New Zealand. Australia’s Ninety One was also a winner in the reshuffle. Along with several other changes,
Commonwealth Superannuation Corporation has partnered with Lifeline to bolster mental health support services and to assist programs aimed at destigmatising mental illness. The super fund joined SuperFriend as that organisation’s 24th super industry partner in August last year. The three-year
State Street Global Advisors will sharpen its ESG efforts on climate change and corporate racial diversity in 2021, adopting a more activist approach with investee companies. In a letter to major global corporations this month (January 11), Cyrus Taraporevala, SSGA
Former BlackRock executive Holly Framsted is to become head of ETFs for Capital Group in the US, which plans to launch a slate of both equity and fixed income actively managed listed funds in 2022. Capital, which has about US$2
Custody and asset servicing outshone asset and wealth management profitability at Northern Trust globally in the December quarter,
The NZ Superannuation Fund has slightly lifted both long-term outperformance and risk expectations in its latest ‘reference portfolio’
After a review which took just over a year, State Street has been awarded the challenging asset servicing
Amundi Asset Management, Europe’s largest fund manager, has reassessed global developments over the past three months and produced
Raewyn Williams has resigned from Parametric Portfolio Australia and will leave the firm at the end of February,
FNZ has won a last-ditch bid to relitigate the looming forced sale of Australian software firm GBST after
Northern Trust has won another passive global equities gig with a bank-owned KiwiSaver fund following a mandate reshuffle
Commonwealth Superannuation Corporation has partnered with Lifeline to bolster mental health support services and to assist programs aimed
State Street Global Advisors will sharpen its ESG efforts on climate change and corporate racial diversity in 2021,
Former BlackRock executive Holly Framsted is to become head of ETFs for Capital Group in the US, which
