Castlereagh is king of the dance floor

Having been blessed with more than a passable sense of rhythm, it was no surprise that I completely blitzed the field in the Elvis competition at the SuperRatings 10th anniversary awards in Melbourne last Thursday. A group of 50-somethings in penguin suits were plucked randomly from the crowd, myself among them, and we were commanded … Read more

Zenith reviews Perennial property funds

Changes to Perennial Investments’ real-estate investment team have prompted managed-funds research firm Zenith Investment Partners to place Perennial’s Australian and global property funds under review. An “under review” flag means the research firm needs further details of the substance of the changes and the likely effect they will have on the manager’s investment process, and … Read more

New RM at BNP Paribas, manager at Threadneedle

BNP Paribas Securities Services (BNP Paribas) today announced the appointment of Katharine Seymour as the new head of relationship management for its Australian ‘asset owner’ clients. Seymour assumes responsibility for the team managing relationships and service delivery for BNP Paribas’ clients in this core client group that includes superannuation funds, government entities and insurance companies. … Read more

New BT series takes aim at retirees

BT Investment Management has launched a new series of equity-income products which the firm’s chief executive, Emilio Gonzalez, believes will compete with term deposits and hybrid issues for inflows among retirees and those approaching retirement. The BT Equity Income series comprises two open-ended Australian equity funds, which target returns of 8.5 per cent or 10 … Read more

William Blair touches down in Oz

Chicago-based William Blair Investment Manager is the latest global asset manager to announce it will set up operations in Australia. William Blair, which manages around US$47 billion across equities, hedge funds and fixed income, has announced the appointment of two-decade industry veteran Alex Francois to head its Australian and New Zealand distribution, which is squarely … Read more

Frontier and AvSuper lose one each, REST lends one

Frontier Investment Consulting’s deputy director of consulting, Kristian Fok, is leaving to join Cbus Super as executive manager of investment strategy. Fok, who has been with Frontier for 14 years, will join Cbus in December in a role he describes as a “great new challenge.” “I worked with Cbus last year as they went through … Read more

Will insurance make the
difference in MySuper?

Insurance was emerging as a potential differentiator as funds and financial services providers design their MySuper products, according to speakers at the AIA-Conexus Financial Group Insurance Summit in October. Damian Hill, chief executive officer of REST Industry Super, told the summit that his fund was “looking to take advantage” of the opportunity to include innovative insurance options in its MySuper product. Insurance was part of the … Read more

Board diversity helps emerging-market penetration

A study by AXA Investment Managers of Europe’s top 50 companies shows that those with a greater percentage of board members from emerging market economies source more of those revenues from those markets. Matt Christensen, AXA’s Paris-based head of responsible investment is in Australia to launch a new environmental, social and governance (ESG) framework for … Read more

Default super remains uncompetitive: FSC

The Productivity Commission has failed to recommend an open, transparent and competitive superannuation system, according to the Financial Services Council (FSC). “This report is a bitter disappointment and a missed opportunity,” chief executive of the Financial Services Council, John Brogden said. “Default superannuation will remain the domain of the industrial system. Twenty years on, nothing … Read more

AXA chief cautions against growth strategies

Craig Hurt, chief executive of AXA Investment Managers in Australia, says he is concerned at some of the growth strategies the large Australian superannuation funds are using as they look for growth in a flat investment landscape. Speaking to I&T News last week – as part of the cover story for the upcoming edition of stablemate … Read more

Castlereagh is feeling his age

I&T News has a new columnist, one of Sydney’s biggest investors and wheeler-dealers, who goes by the nom de plum, Castlereagh. Not only has my gout flared up again after a big week on the lunch circuit, but I’m scratching my head and wondering if the financial world is passing me by. Here’s the thing. I’m … Read more

Sevior’s Airlie selects custodian

Former Perpetual stock-picking guru John Sevior’s new venture, Airlie, has selected RBC Investor Services to provide a range of investor services including custody, unit registry and fund administration. Headed by Sevior and former Treasury Group managing director David Cooper, Airlie began formal operations in September after getting the tick from regulators. “We have chosen RBC … Read more