Around US$500 million in fresh mandates have already flowed into CFSGAM from North American investors following the fund manager’s inclusion on Russell Investments’ Global Listed Infrastructure multi-manager platform. It is understood that CFSGAM has replaced Macquarie as an infrastructure manager on the platform. Peter Meany, CFSGAM’s head of global listed infrastructure (pictured left), said the … Read more
United States fund manager Neuberger Berman, which manages around $775 million in funds for Australian institutional investors, has added its voice to the chorus claiming that emerging markets will be a key investment theme of 2013. Alan Dorsey, the New York-based head of investment strategy and risk for Neuberger Berman, says that 2013 could herald … Read more
The optimism that greets the new year is not exactly brimming over in the offices of Australia’s investment banks. After a lacklustre 2012, prospects seem no better this year, and what was once a supercharged industry running on a flow of deals and bonuses has become one of the underperformers of the Australian financial industry. … Read more
An absence of appropriate ethical culture at financial services firms has been the biggest contributor to the lack of trust in the finance industry, according to a global survey of CFA Institute members, which attracted more than 6000 responses. Matt Orsagh, director of capital markets policy at CFA Institute, says to restore integrity in global … Read more
The “belligerent” attitude of News Corporation boss Rupert Murdoch towards governance reform has prompted First Super to exit its investment in the global media company, the first time the fund has ever screened out any company from its portfolio. Michael O’Connor, chairman of the $1.7-billion First Super, told IM Online that the fund had been … Read more
Asia, demographics and growth engines have led to a greater emerging market exposure for Hostplus, says chief investment officer Sam Sicilia. The superannuation fund recently invested $140 million as part of a diversification strategy that encompasses global emerging markets. “We also had a focus on where the growth engines in the world would be, and … Read more
At the ASFA conference in late November 2012, Rice Warner launched its Beyond Lifecycle approach to investing, which uses a default dual-portfolio to address both liquidity and growth risks. Investment Magazine asked these questions of the Rice Warner Actuaries founder and chief executive. Lifecycle funds are now a familiar concept. Are you suggesting they are … Read more
Adjectives such as titanic, gargantuan and elephantine do not go far enough to describe the task for superannuation funds of meeting the requirements for data collection of the Australian Prudential Regulation Authority (APRA) and provision of insurance to meet MySuper standards. But from July 1, the job is going to get bigger, as new rules … Read more
AMP Capital has boosted its alternatives team with the appointment of Dr Alistair Rew as senior portfolio manager and Celine Nguyen as portfolio manager. Rew, right, comes to the position after roles at XL Group, working in the firm’s London, New York and Sydney offices, where he was managing director and had responsibility for the … Read more
As 2013 begins, Castlereagh is feeling his age just a little bit more. I was exhausted from work when I broke for Christmas, and now I’m virtually comatose from all the partying and socialising I forced myself to do over the New Year. Life has become a state of permanent exhaustion, but it seems I … Read more
The global listed-property sector performed well in 2012 and the Australian real estate investment trust (REIT) market has strong prospects for 2013, according to asset management firm Principal Global Investors. Principal released a report on global real estate securities last week, noting that a “fundamental improvement” across real estate markets had seen the benchmark FTSE … Read more
Pierre Jond, chair of the Australian Custodial Administration Conference (ACSA), talks about changes in the world of custody in advance of 16th Annual Investment Administration Conference, to be held at Sydney’s Hilton Hotel on February 13.
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