Jack Bogle, the legendary founder of Vanguard Investments, has urged a group of soon-to-be MBA graduates to put their clients’ interests as the highest priority when they start their professional lives because traditional professional values were being swiftly eroded.
Pimco conference heeds risk focus
Managing risk, not returns, could be the focus of asset allocation in the next 10 years forcing a change in the construction of portfolios, according to fund executive speakers at the recent Pimco 10-year client conference.
Manager skill service to revolutionise alpha assessment
QIC has reinforced its alpha/beta split by becoming the first Australian fund to employ a behavioural performance service to assess the investment skills of its individual funds managers and more accurately identify the generation of alpha.
Demand generates two new enhanced funds from SSgA
State Street Global Advisors will launch an emerging markets enhanced equity fund, and a world country enhanced equity fund, on the back of demand for its global index plus (GIPS) strategy.
NZ fund to farm out $1.3 billion global equities mandate
The New Zealand Government Superannuation Fund (GSF) has put its $1.3 billion international equities mandate out to tender with a number of Australian implemented consultants understood to be in the running.
ACSI to release E and S guidelines, as…
The Australian Council of Superannuation Investors (ACSI) has issued the third edition of its Corporate Governance Guidelines and is working on a set of environmental (E) and social (S) guidelines which it hopes to release by the end of the year.
…Future Fund promises to vote proxies
Paul Costello, general manager of the $52 billion Future Fund, has said the fund will vote proxies for its shareholdings once it starts to invest.
Lazard listed global infrastructure founder departs
A founder and portfolio manager of Lazard Asset Management’s global listed infrastructure fund (GLIF), Ian Smith, will shortly leave the firm and won’t be directly replaced.
Former Russell BDM returns as sales exec
A former senior business development manager with Russell Investment Group, Stephen Bramley, has resurfaced in an executive sales role.
Macquarie buys into forex business
Macquarie Financial Services has been attracted to the technology platform of foreign exchange provider, OzForex, leading it to buy 51 per cent of the company.
Boutiques clamour for DSTi’s HiPort/3
DST International (DSTi) has signed up the $543 million Catholic Church Insurance to its HiPortfolio/3 system and is receiving increased interest in the investment administration solution from boutique fund managers.
Boutiques clamour for DSTi's HiPort/3
DST International (DSTi) has signed up the $543 million Catholic Church Insurance to its HiPortfolio/3 system and is receiving increased interest in the investment administration solution from boutique fund managers.
