Torben Munch, chief operating officer of Danish investment-management software company SimCorp, likes to tell a story about his firm’s relationship with Lehman Brothers. The Wall Street firm was a SimCorp client when it collapsed in September 2008. Munch found Lehman’s collapse had created confusion and concern as asset managers and brokers scrambled to find out … Read more
Charles Beazley, the soon-to-be chief executive of Nikko Asset Management, has a personal story of rejection. Henry Jenner was consecrated Anglican bishop of Dunedin, New Zealand, in 1866. The prospective congregation feared the new clergyman was a papist. Shunned by the locals, Jenner had no choice but to return to England. The man’s ancestor is … Read more
Doug Burton has opened an office for Memphis-based Southeastern Asset Management in Sydney. The $31 billion asset manager has one New Zealand and two Australian customers who have given $1.4 billion to Southeastern. The firm typically buys stocks that trade at a 40 per cent discount to their intrinsic worth, often taking stakes of as … Read more
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, 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
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, 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, 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
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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.
