Tyndall’s Mike Davis goes back to the future

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

Sim Corp: transparency pressures building

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

Maple Brown Abbott’s steady hand on the tiller

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 sees opportunities in schools and hospitals

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

NAB asset servicing grabs mandates

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

NAB asset servicing grabs mandates

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

Equipsuper stops merger with Vision Supermerger

Equipsuper Superannuation Fund has halted its merger with Vision Super because it felt its investment team was not going to be supported. Equipsuper manages $4.6 billion in assets, of which about $2.1 billion is managed by external fund managers and $2.5 billion is managed by its chief investment officer and eight others. “The investment team … Read more

Equipsuper, Vision Supermerger off

Equipsuper Superannuation Fund has halted its merger with Vision Super because it felt its investment team was not going to be supported. Equipsuper manages $4.6 billion in assets, of which about $2.1 billion is managed by external fund managers and $2.5 billion is managed by its chief investment officer and eight others. “The investment team … Read more

Axioms and action for
asset allocation

Recently David Neal, chief investment officer of the Australian Government Future Fund, reportedly said: “The Future Fund operates as a single portfolio… rather than breaking allocation into various sectors as is traditionally done. …Every idea should instead be evaluated against every other idea with strategies directly compared to assess the marginal benefit of where each … Read more

Super system needs new frame to manage outcomes

Dr Ken Henry’s comments at the Association of Superannuation Funds of Australia (ASFA) Investment Interchange debate entitled ‘Should the super industry invest more in fixed interest?’ have re-ignited the discussion about the optimal portfolio mix of stocks and bonds in a superannuation account. His comments are important in that they strike at the heart of … Read more

Super funds must change, says Tria

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

Pimco’s John Wilson treads his own path

John Wilson says he never studied economics and financial markets at university. And that, he says, has enabled him and his colleagues build bond-investor Pacific Investment Management’s assets in Australia to $32 billion in 15 years. “I understand what we sell to people is belief,” says Wilson, who looks more like an art-gallery owner with … Read more