QIC poaches UBS GAM bond talent

Queensland Investment Corporation’s Global Fixed Interest boutique has secured the services of UBS Global Asset Management’s regional head of credit research.

Susan Buckley’s Brisbane-based boutique has created the role of head of investment grade credit, reflecting the return to stratification in the management of fixed income portfolios, and filling the position with Philip Miall, who comes straight from UBS and will move from Sydney for the job.

Miall’s 10 year career has taken in credit analysis roles at Westpac and Fitch Ratings prior to UBS.

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‘It’s crazy’: More gold than bonds in super portfolios as funds rethink defensive plays

The shifting global economic landscape and its impact on currency markets are forcing asset owners to re-think the defensive portion of portfolios as traditional hedging techniques become less effective and new ones emerge. The Fiduciary Investors Symposium heard that for one fund that’s led to gold overtaking government bond allocations.

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