Equities “sweet spot”

Leading equity manager says the market is leaving tail risk behind The Australian equities market was in a “sweet spot for risk assets” in 2013 as tail risk receded and monetary policy provided a “positive backdrop,” according to a leading fund manager from Tyndall Investment Management. Tyndall’s head of Australian equities, Bob Van Munster, addressed … Read more

Equities “sweet spot”

Leading equity manager says the market is leaving tail risk behind The Australian equities market was in a “sweet spot for risk assets” in 2013 as tail risk receded and monetary policy provided a “positive backdrop,” according to a leading fund manager from Tyndall Investment Management. Tyndall’s head of Australian equities, Bob Van Munster, addressed … Read more

IFM lands a stake in Manchester Airport Group

Airports are firmly on the agenda for institutional investors, with Industry Funds Management moving into UK assets and a battle brewing in Australia over Melbourne and Perth Airports. IFM this week announced it would take a 35.5-per-cent stake in Manchester Airports Group (MAG), which has just succeeded in acquiring London Stansted Airport for £1.5 billion. … Read more

IFM lands a stake in Manchester Airport Group

Airports are firmly on the agenda for institutional investors, with Industry Funds Management moving into UK assets and a battle brewing in Australia over Melbourne and Perth Airports. IFM this week announced it would take a 35.5-per-cent stake in Manchester Airports Group (MAG), which has just succeeded in acquiring London Stansted Airport for £1.5 billion. … Read more

NAB Asset Servicing wins ISAM mandate

National Australia Bank’s Asset Servicing business has added another $300 million to its assets under custody after winning a contract with Adelaide-based fund manager, Investment Science Asset Management. The mandate win comes after a competitive tender process from Investment Science, undertaken by consultants Foxrock, and is the NAB’s second mandate from a mid-ranking fund manager … Read more

Retail bonds – who wants them?

Governments have been talking about the need for a retail bond market for some years now, but are investors and issuers really interested? It’s a nice theory. Australian retail investors are too focused on equities and need access to some good quality fixed-income investments. Super funds of all sizes – industry and self-managed – should … Read more

Tackling longevity risk in post-retirement

When thinking about the accumulation phase and post-retirement, David Bell uses the analogy of car design. “If you are trying to design a new model of car and put two designers in separate rooms and told one to design the front and the other to design the back, there’s a risk you’d end up with … Read more

Care Super and Asset Super post-merger

When CareSuper and Asset Super sat down to work out their post-merger investments, they quickly found that the two funds together had around 40 managers – and only one of them was in common. They had a common custodian, in National Australia Bank asset servicing and the same administrator, in AAS, but rationalising and then … Read more

REST survey calls for super rethink

How we look at retirement is due for government review, says REST Industry Super chief executive Damian Hill, as new research shows a generation of Baby Boomers grossly underprepared for the next phase. “The government has certainly flagged that it wants to engage in that sort of conversation to paint that part. We’ve been very … Read more

UCA gets new CEO, Clifford Chance boosts M&A crew

Ethical investor UCA Funds Management has appointed former Hunter Hall executive, Michael Walsh, as executive director and chief executive officer. Walsh has more than 30 years of funds and risk management experience, including 12 in the ethical funds sector, and has served as a non-executive director, senior executive and adviser to several companies active in … Read more

Castlereagh andthe duck of doom

My definition of a bad day is when I have to pay for my own lunch and so far I’ve been back at work for two weeks and have had to buy it for myself every day. One day, I even brought in sandwiches in the ancient family Tupperware and I feel like a stalker … Read more