Superannuation funds and their service providers should anticipate the services that clients will need to adapt to coming superannuation reforms.
AMP’s Stephen Dunne seeks Asian partners
Last year AMP Capital’s managing director Stephen Dunne had a headache, albeit a pleasant one. From December 2010 Japan’s biggest publicly traded bank, Mitsubishi UFJ Financial Group, had made it clear to Dunne that if the two companies were going to have a relationship, the Tokyo-based company had to have a stake in AMP. But … Read more
Simon Shields to leave UBS job, start hedge fund
Simon Shields, the head of Australian equities at UBS Global Asset Management, will leave the company to set up a hedge fund with his colleague Shane Fitzgerald. “Shane and I are going to set up a fund in April,” says Shields. A Standard & Poor’s report says the new fund will have “a total return … Read more
Returns, costs of private equity questioned
The audience was aghast. This was not what they had come to hear. David Brown, chairman of the Australian Private Equity and Venture Capital Association, was momentarily befuddled. It was after all a conference for Australia’s most prominent private equity firms organised by the Asian Venture Capital Journal. To question the industry in such a … Read more
Peter Wiggs of Archer Capital dismissive of media
Peter Wiggs, the founding partner of Archer Capital, was sitting comfortably on stage at a conference. He crossed his legs, leaned back in his chair, took the microphone and proclaimed that investing in public companies is sub optimal. “Investing in public companies will produce sub-optimal outcomes as public companies serve 28-year old analysts and journalists,” … Read more
Steve Harker next Future Fund chairman
Steve Harker, who has been head of Morgan Stanley in Australia for 14 years, is to be appointed chairman of the $73 billion Future Fund, says a person familiar with the matter. The 56 year-old Harker has been head of the Wall Street firm’s Australian business since 1998. He joined New York-based Morgan Stanley from … Read more
QIC talks with Chinese, Korean funds
QIC is exploring potential co-investment opportunities and business joint ventures with Chinese and Korean sovereign wealth funds. Adriaan Ryder, QIC’s chief investment officer, is in regular contact with his Asian counterparts discussing the issues of the day. The Brisbane-based fund, which has about $60.6 billion in assets under management, is also informally advising Chinese and … Read more
Greg Matthews is number one
In 2000 Greg Matthews was fed up: sick of Macquarie Bank where he was chief investment officer, tired of reporters ringing him asking him what stocks he had bought and sold. Matthews needed space. He needed time to think so he could pick the right stocks. He wanted time to analyse his investment strategy. He … Read more
Liquidnet dark pool fills up
After a record February, Liquidnet, the so-called dark-pool trading network for asset managers, will soon have as many as 58 Australian funds as customers. Liquidnet says investors seem to be putting more money in stocks, helping to underpin the prospects of further record volumes for the company during the rest of the year. In February … Read more
Vanguard attracts individual investors
Vanguard is seeking to bolster its funds under management to capitalise on widespread disillusionment with active managers. “Institutional investors have embraced and understood our approach for many years,” says Joseph Brennan, chief investment officer, Vanguard, Asia Pacific. “The adviser and retail community are now more interested in index options” because regulatory pressure is seeking to … Read more
McGraw Hill on how to manage a downturn
A study of five decades of recessions has produced some lessons, says McGraw Hill. CLICK HERE TO READ MORE
