BT’s sustainable man moves on

A former head of socially responsible investment and institutional salesman at BT Financial Group has taken a newly-created role at Macquarie-owned hedge fund manager, MQ.

Duncan Hodnett will join MQ on July 2 in the role of Australian institutional sales head, reporting to global director of sales James Hall. The appointment would allow Kathy Kovacs, divisional director of Macquarie’s equity markets group, more time to focus on strategic issues according to Hall. “;Kathy had been doing a lot of the talking to super funds but we’ve been looking for an addition to the team for some time,”; Hall said. MQ has about $1 billion under management across products including a multi-strategy fund, an Asian long/short fund and a Japanese market neutral fund. Hall said Hodnett’s business-building experience on the sustainable investing side at BT was attractive.

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AustralianSuper’s call for leverage is bold but unnecessary

AustralianSuper's chief liquidity officer Chandu Bhindi has publicly proposed the idea of allowing some super funds to directly use leverage, enabling them to better manage liquidity requirements in crisis situations rather than being forced to sell assets at stressed prices. While the idea has some merits, overall it is not necessary and could increase system risk.

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