The infrastructure arm of Macquarie Group has continued to dominate the sector, with the latest survey of alternatives managers finding it is more than five-times the size of its nearest competitor. I&T News spoke with Macquarie Infrastructure and Real Asset head of distribution, Arthur Rakowski, about the continuing strong performance of the manager and where … Read more
Vanguard Investments has hired Simon Good from Colonial First State Global Asset Management to join its Melbourne sales team. Good is responsible for selling Vanguard funds, which track Australian and global stock market indexes, to institutional investors such as superannuation and insurance funds as part of a seven-person sales team in Melbourne. He starts today. … Read more
Tyndall Asset Management is set to restructure its sales and distribution business with the creation of three new roles. Chris Trent, Chris Briggs and Nicole Krebs will be joining Tyndall’s business development team in newly created positions. Krebs has already started with the company while Trent and Briggs will begin in August. As Matt Russell, … Read more
BT Financial Group subsidiary Advance Asset Management has removed Colonial First State Investments from the manager line-up for its $550-million Australian Fixed Interest Multi-Blend Fund and awarded new mandates to AMP Capital Investors and Aberdeen Asset Management. Portfolio manager for fixed interest and cash at Advance Asset Management, Ron Mehmet, says the review of the … Read more
Morphic Asset Management, the fund manager launched by former Hunter Hall investment staff, will gain inflows in two weeks after Innova Portfolio Management chose it to manage client money. Morphic, a global-equity fund manager started on Monday by former Hunter Hall deputy-chief investment officer Jack Lowenstein and portfolio manager Chad Slater, will become one of … Read more
Australian infrastructure and real estate managers are strongly competing for global capital to manage, featuring prominently in a list of top managers ranked as part of Towers Watson’s Global Alternatives Survey 2012. The survey ranks the top 100 asset managers by assets under management, with Macquarie Group’s infrastructure arm being knocked from its number-one spot … Read more
Pension funds are major backers of the $6-billion Barangaroo South office towers being constructed in central Sydney by property developer Lend Lease. Canada’s largest pension fund, the $161.6-billion Canada Pension Plan Investment Board (CPPIB), invested $1 billion in the development. Australian funds First State Super and Telstra Super together committed $250 million to the Australian Prime … Read more
The general framework for occupational pension plans can be described as intra and inter-generational hybrid, with risk-sharing mechanisms between members and with sponsors. The degree of hybridity of a pension plan can be defined as the extent of risk sharing with the sponsor. At one end of the spectrum lie traditional defined-benefit (DB) funds, where … Read more
Cost pressures arising from MySuper could split the default superannuation market into cheaper and more expensive funds that deliver varying investment returns to consumers. Some super funds will set low caps for investment costs and others will pay more as they seek better returns net of fees for MySuper members, says Paul Costello, the former … Read more
Global investment and financial software provider SS&C Technologies has had its Global Wealth platform selected by Specialist Investment Management (SIML) to support its Australian wealth management business. The platform is a real-time, cloud-based investment system, designed to streamline the management of multiple-client portfolios across markets, currencies and financial instruments. SIML is a private investment manager … Read more
Investment strategies are continuing to modify fund-of-hedge-fund holdings in order to provide more liquidity and potentially more alternative returns. A sector report from S&P Fund Services into alternative strategies found that fund-of-hedge-fund (FoHF) managers have responded to investor demand for more liquid, cheaper and more transparent avenues to alternative investing. It further concluded that managed … Read more
Russell Investments has appointed Vinva Investment Management to a multi-manager fund for its “cutting-edge” quantitative methods that seek profit as stocks rise and fall in value. Vinva’s so-called active extension strategy, which bets that certain stocks will rise in value and others will fall, gained an investment mandate from Russell’s $675-million Australian Opportunities Fund in … Read more
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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.
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