Sandon Capital – rebel with a cause

When Gabriel Radzyminski was still in high school he rang up the company secretary of a mining company that was issuing stock to one shareholder at a discount. “The company secretary told me they were entitled to do this,” recalls Radzyminski. “They didn’t do anything wrong but I was peeved.” Radzyminski is making a career … Read more

IFM gets $100 mln mandate to crimp carbon

Industry Funds Management (IFM) has won a $100-million mandate from health and community services industry superannuation fund HESTA, which wants its Australian stock investments to produce as little carbon dioxide as possible. Melbourne-based IFM, which manages about $33 billion, says it can measure carbon dioxide in its portfolio with the help of Morgan Stanley Capital … Read more

Ausbil Dexia to expand analyst team

Ausbil Dexia, which manages about $11 billion in stocks, wants to hire a third resources analyst as the market value of mining stocks in Australia takes up a bigger proportion of indexes. John Grace, director of equity at Sydney-based Ausbil Dexia, says he wants a new analyst to cover metals, mining, and oil and gas. … Read more

AMP moves Brookfield out, Hoult, Pavnica in

AMP Capital has ended its three year joint venture with Brookfield Asset Management and has hired a head of global listed property investment as well as others for its real estate and infrastructure investment teams. The asset management unit of AMP says Matthew Hoult, formerly chief investment officer of global property at BNP Paribas Investment … Read more

AustralianSuper’s scale, services rival retail funds

The industry fund rivals the retail giants of superannuation. How did it get so far and how has it changed? Ian Silk made AustralianSuper’s strategy clear when the fund announced its merger with AGEST Super on December 14, 2011. “AustralianSuper is determined to play a leading role in shaping the future of superannuation in this … Read more

Treasury Group’s bold ambitions

It is casual Friday at Treasury Group.  Its chief executive Andrew McGill is sans tie. Still, as befits a former investment banker and private-equity general partner, McGill, 44, has perfectly coiffured hair, cuff links from New Mexico and a black-faced Rolex given to him by his wife. McGill gives off more than a whiff that … Read more

Perpetual, Bain trimming costs

On the 16th floor of Perpetual’s Sydney headquarters there are about a dozen people seeking to find ways to produce “further meaningful cost reductions” at the trustee and asset manager, says a person familiar with the matter who spoke on condition of anonymity. The cost reduction team, made up of about six people each from … Read more

Crawford out, Kent in at AllianceBernstein

James Crawford, a senior portfolio manager at AllianceBernstein, will leave the company at the end of next month. New York-based AllianceBernstein gave no reason for Crawford’s departure. Crawford, an asset manager in the firm’s value equity investment product, did not return calls seeking comment. The investment product that Crawford helps manage was originally a joint … Read more