Superannuation funds and asset managers want advice on derivatives, investments in Asia, mergers and regulatory changes and JPMorgan has four bankers servicing such needs, says Robert Bedwell, a managing director at JPMorgan. Bedwell says his colleagues have been asked over the last 18 months about how changes in US law may affect their investments. JPMorgan … Read more
Schroder Investment Management Australia says Kent Jensen and Alex Mears have let the firm to pursue other interests. Jensen, whose stock research included media, mining services, paper and packaging, is returning to Norway to embark on a career outside asset management. Mears, who was responsible for uranium, oil and gas and utility stocks, will travel … Read more
Craig Hobart will resign from Tyndall Investment Management on April 1 and will be replaced as managing director of the $22 billion asset manager by Mike Davis. Hobart is leaving Tyndall after two years in which he oversaw the sale of the asset-management business to Nikko Asset Management and its integration into the Tokyo-based company. … Read more
DISCLOSURE: This story has been updated. Details are provided after the final paragraph. QSuper, the $32 billion superannuation fund, has chosen State Street over incumbent custodian National Australia Bank (NAB) following a six-month tender. Michael Cottier, chief financial officer at QSuper, has confirmed that State Street has been awarded a five-year mandate to be custodian … Read more
Superannuation funds, which collectively manage about $1.4 trillion, will be forced to merge to satisfy capital requirements imposed by the Australian Prudential Regulation Authority, says merger adviser Nigel Lake. APRA’s new capital requirements, to be enacted in July 2013, will force some of the funds to find capital, says Lake, joint chief executive of Sydney-based … Read more
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
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, 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 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
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