Senior insto BDM exits Fidelity

A senior institutional business development manager has left Fidelity and will begin work with AMP Capital Investors within the month.

John Meagher, who joined Fidelity in February 2005 and was also an associate within the company, recently left the funds manager and will begin work as senior institutional business executive with AMP Capital Investors from July 23. He will be Sydney-based and look after clients along the eastern seaboard. During his tenure at Fidelity, Meagher looked after institutional clients in NSW, Queensland, the ACT and New Zealand.

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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