Building boats is somewhat of a tradition in the Steele family. Rick Steele, the chief executive of Eight Investment Partners, and his brother made sailing dinghies growing up on the banks of Tasmania’s Tamar River. Their father constructed a boat out of Celery Top Pine. Now Rick Steele wants to build an asset management firm … Read more
J.P. Morgan Chase Bank has hired six new staff for its treasury services unit as it seeks to take business away from Australia’s biggest banks by selling global financial products to companies. The New York-based bank by the end of the year will have spent about $4.3 billion globally since 2009 on treasury and securities … Read more
AMP Capital will seek to raise 1 billion euros to invest in Irish infrastructure and has hired David Rees to co-head asset management at its London-based European direct infrastructure investment team. Rees, who worked at network energy company National Grid, will have joint responsibility for European infrastructure asset management with Rob Verrion. Both men report … Read more
Grantham, Mayo and Van Otterloo & Co. (GMO), the 35-year old Boston-based asset manager, has closed its Australian stock-investing unit with the loss of an unknown number of jobs. The GMO Australian Equities Trust had $198 million invested and its Small Companies Trust had $7.5 million invested as of March 31, according to the Australian … Read more
Australia’s $1.4 trillion of superannuation money is proving irresistible to foreign funds. Sustainable Growth Advisers LP, a Stanford-Connecticut based US$3 billion asset manager, is speaking with consultants Jana and Frontier as well as MLC as it seeks to launch product that will appeal in part to Australian pension funds. “The Australian market lends itself to … Read more
In 1990 Don Williams’ father died. Williams, then a soft-commodities analyst at AMP, was suddenly thrust into the role of asset manager for his recently widowed mother who inherited 5000 acres of property, the majority of which was planted with cotton. The Wee Waa native sold land and machinery to pay off debt, leased other … Read more
Greg Camm, the chief executive of Australia’s biggest superannuation back-office company, says he will quit at the end of August, the Australian Financial Review reported. Citing a letter written by Camm, the newspaper says the CEO is leaving when his contract expires as he is unable to commit to another four or five years at … Read more
A career spanning more than 40 years in the finance industry has taught Mark Johnson, senior adviser at Gresham Investment House, to appreciate the almighty influence of currency on Australia’s fortunes. “Currency dominates the Australian economy,” Johnson says. “It’s the number one background issue.” It’s an issue, too, that has persisted through the pre-float era … 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.
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.
