Bennelong Funds Management, the boutique fund-management group, has hired Jeff Phillips as its chief financial officer. At Melbourne-based Bennelong, Phillips will head a finance team that has recently expanded. Hamish Wood, formerly a finance manager at GLG Partners in London, is now group-finance manager. Nicole Hammond is the senior fund accountant. She worked at consultants … Read more
Superannuation funds are under pressure as investor behaviour changes, particularly because of technology, says Andrew Baker, managing partner at asset management consultants Tria Investment Partners. “Business models of super funds are under a lot of pressure and the degree to which they are has probably been underestimated,” says Baker. “Regulatory changes and markets have been … Read more
The multi-boutique model is a simple one. High quality investment professionals partner with financially strong institutions. The investment professionals focus exclusively on managing money and the institution takes care of everything else. The business is presented to market as one having all the benefits of a standalone boutique – the investment team is aligned with its … Read more
Michael Drew, like many finance professors, played sport at school. One year he won two coveted cricketing trophies at the end-of-season awards: best and fairest player, and batsman with the highest average-run score. But these achievements did not reveal the full story about Drew’s sporting prowess. “We never won a game and my batting average … Read more
Private-equity returns have outperformed investments in the stock market over the past decade, according to Cambridge Associates’ Australia Private Equity and Venture Capital Index. In the 10 years to December 31, 2011, Australian private-equity net returns were 7.5 per cent per annum. The S&P/ASX 300 Accumulation Index rose 6.1 per cent per year during the … Read more
Treasury Group is looking for more acquisitions. After adding a seventh asset manager to its stable of boutiques, Treasury Group’s chief executive Andrew McGill expects to sign an agreement with an eighth asset manager before year end. “We’re in active dialogue with a number of parties,” says McGill. “I expect an announcement before the end … Read more
Mike Davis had been at Tyndall Investment Management less than two months yet has already got his former employees to work with him at the $22.5 billion asset manager. Davis and Tim Martin started Causeway Asset Management in 2003 to invest in private debt. Now Martin and five others will join their old colleague June … Read more
Pressure from regulators and investors on asset-management companies to improve the transparency of their reporting will only increase, says Peter Hertel, an executive at financial software company Sim Corp. “There is pressure to provide information to investors as if they have invested directly,” says Hertel. Many investors, including Australian superannuation funds, invest in pooled groups … Read more
Garth Rossler does not believe his job as managing director of Maple Brown Abbott means change at the $10 billion asset manager. The Durban, South African born Rossler has worked at the Sydney-based Maple Brown Abbot for 15 years. He believes continuity in fund management is what is required. “At the end of the day … Read more
AMP Capital is bullish on social infrastructure. The asset manager has $100 million in its Community Infrastructure Fund and it reckons it can get a lot bigger once some of the $1.3 trillion in superannuation money begins sending funds its way. “There is a sense of social good driving investors,” says Paul Foster, head of … Read more
National Australia Bank says the $1 billion superannuation fund AMIST Super has reappointed it as its custodian, continuing a nine year relationship. NAB asset servicing will begin a new three year contract on June 1. “A transparent and open review process was important to ensure AIMST Super continued to have the right custodial solution,” says … Read more
National Australia Bank says the $1 billion superannuation fund AMIST Super has reappointed it as its custodian, continuing a nine year relationship. NAB asset servicing will begin a new three year contract on June 1. “A transparent and open review process was important to ensure AIMST Super continued to have the right custodial solution,” says … Read more
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
