Credit Suisse Asset Management’s Australian resources analyst left on Friday, the seventh departure in seven months from the team which new domestic equities head Steve Giubin is attempting to rebuild.
Kenneth Wan, part of CSAM’s Australian equities team since 2001, resigned after an approach from Chicago-based alternatives manager Citadel Group to manage a long/short Australian equities fund from Hong Kong. Wan’s resources and diversified financials sector responsibilities will be covered by Giubin and Richard Kornman while a replacement is sought. Wan joins a list of analysts to depart CSAM this year which includes James Barrett, Madelyn Hall, Adam Palmer, small cap analysts Matthew Palmer and Steve Atkinson, and previous head of Australian equities Andrew Fleming.
7 August 2007 00:00
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Investments
Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.
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