Aubrey Capital Management, the Edinburgh-based global equities shop with a significant minority stake owned by Australia’s Treasury Group, was the latest client announced last December. The local chief of RBC Dexia Investor Services, David Travers, said he was confident in the future of Dublin as a fund administration domicile, saying it was doubtful that the European Union would force the economically-troubled Irish to increase its corporate tax rate, thereby damaging one of its most successful industries. RBC Dexia also has an eye to the growing exchange-traded fund market, on December 15 revealing it would provide custody and fund administration to BetaShares, a Canadian-backed provider of ETFs giving synthetic exposure to the ASX 200 Resources and Financials sectors.
Alternatives
The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
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