Russell Investment Group is seeking its first Australasian portfolio manager for ‘short term investments’, to handle a spike in clients’ need for cashflow management.
Following strong domestic growth in derivatives usage, due to activities such as securities lending, Russell has decided to expand its implementation team in order to manage the increase in collateral cash-flows. John Moore, director of Russell implementation services Australasia, said that the implementation business had grown at close to 100 per cent per annum since inception two-and-a-half years ago. This hire will bring the team to six members. Russell is still canvassing for potential candidates
QIC is gearing up to expand its hedge fund allocation as – together with insurance exposure – the “strong double-digit return” of its liquid alternatives portfolio was a key contributor to the fund’s record $8.9 billion earnings in the 2024 financial year. Chief investment officer Allison Hill explains why global sovereign wealth funds are hot on hedge funds.
Darcy SongOctober 24, 2024
