Pierre Jond, the man in charge of BNP Paribas’ custody business in Australia, confidently predicted this year there will be “good news” for his bank in winning new business. The statement by AvSuper that the $1.25 billion fund has chosen the French bank as its new custodian is good news, even if the modest size … Read more
Since Vimal Gor, head of income and fixed interest at BT Investment Management, came to live in Australia he has not experienced a good summer. “There’s been lots of bad winters as well,” says the former London resident. On his 40th birthday Gor had to change into a dry suit in the office after getting … Read more
The Tuvalu Trust Fund, the $120-million sovereign wealth fund of the central Pacific nation, has given AMP Capital almost half of its money to manage. Sydney-based AMP will manage $55 million of Tuvalu’s money in its multi-asset fund, which seeks to produce a return of 5.5 per cent above inflation over five years. Tuvalu, which … Read more
VicSuper, the $9 billion not-for-profit Victorian public sector fund, has chosen two US funds to manage $220 million of investments in government, corporate and securitized bonds, bank loans and emerging market debt. Los Angeles-based asset manager Payden & Rygel was awarded a $110 million mandate by Melbourne-based VicSuper. The Melbourne-based fund also gave $110 million … Read more
When Robert Bedwell was talking to J. P. Morgan Chase about a new job that would help manage relationships with the bank’s biggest asset management customers, he was concerned that he would not get the cooperation of the 1,400 people in Australia and New Zealand working for the company. Bedwell fears have not been realised. … Read more
Australian superannuation funds will gradually shift their portfolios more toward bonds as people retire and demand regular income and less risk from their investments, says Pacific Investment Management Co. Australian bonds will continue to attract foreign investors who hold about 80 per cent of Commonwealth bonds, says Robert Mead, a Pimco portfolio manager. Australia’s net … Read more
Franklin Templeton Investments Australia has hired Stuart Devlin as a Melbourne-based retail account executive as it seeks to garner more money from individual investors. “Franklin Templeton is building out its retail team after acquiring Balanced Equity Management,” says Maria Wilton, managing director of Franklin Templeton in Australia. Andrew Sisson, the founder of Balanced Equity Management, … Read more
AMP Financial Services’ merger with AXA Australia saw it claim the greatest market share in 2011, as AustralianSuper reaped the highest net inflows from its expanding membership, analysis by research firm Tria Investment Partners shows. Mergers were the strongest force for superannuation fund growth in 2011, enabling AMP Financial Services to claim 5.1-per-cent market share … Read more
The responsibilities of superannuation trustees are many and varied. One of these responsibilities is being accountable for the robustness of the risk, compliance and operational processes of service providers appointed by the fund. The position of the Australian Prudential Regulation Authority (APRA) on this matter is very clear. Accountability for any functions, including investment management, … Read more
Arguably there is no richer source of metaphors than sport. We admire the skill, effort, dedication and endurance of the contestants. Sport mirrors certain aspects of our lives. But what can investors learn from sport? In his 1958 book The Art of Cricket, Sir Donald Bradman writes about several important lessons for cricketers from which … Read more
The Australian government is considering whether to provide tax relief to superannuation funds that want to merge but have suffered investment losses they don’t want members to shoulder after a merger. “The government is considering requests from funds for further merger relief,” says the office of Bill Shorten, the Minister for Financial Services and Superannuation, … 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.
