Van Eyk’s Blueprint multimanager business has wasted no time in reacting to the departure of Suncorp Investment Management’s Australian equity team.
Van Eyk director Mark Thomas said there was “;no way”; that Suncorp IM could be retained as a Australian equities manager for the Blueprint series, following the defection of Denis Donohue and his eight colleagues last month. “;We’ve already withdrawn the mandate and equitised some of the cash, we are doing our Australian equities review into early next year and will see what comes out of that before making any decisions,”; Thomas said. The team’s new incarnation, Solaris, owned 60 per cent by staff and 40 per cent by incubator Pinnacle, will be among the new products van Eyk considers in that review but Thomas said it had no automatic claim to the ex-Suncorp funds. The AMP/Mercer multimanager vehicle, Future Directions, has a roughly $80 million Australian equities mandate with Suncorp IM, but investment director Sean Henaghan would not comment on its fate. Comment was being sought from other external clients including Queensland Local Government Super Scheme and SPEC(Q).
11 December 2007 00:00
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Investments
Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.
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