Perennial Value Management Ltd., the $19 billion-asset manager, has hired Sam Berridge as a resources analyst concentrating on researching small mining companies. Berridge is part of a Perennial Value Small Companies team and started work at the company on April 30, a statement says. He was previously a metals and mining analyst at Royal Bank … Read more
Tora, the software trading platform, says hedge funds want integrated trading solutions that incorporate risk and compliance amid a backdrop of new investment products and regulatory change. Robert Dykes, Tora’s chief executive, says changes in market structures in Asia means that many asset managers are recognising the need to have their personnel based in the … Read more
BlackRock Inc., the world’s largest asset manager, does not expect markets to return to low volatile, highly liquid conditions that characterised markets before 2008. “Portfolios today must be more dynamic and more diverse than ever before,” says Michael McCorry, head of BlackRock’s Australian scientific active equities business in a statement. “It is unlikely we will … Read more
NGS Super has seeded an Australia-domiciled catastrophe bond fund managed by Fermat Capital with $30 million. NGS Super, the $4.4-billion superannuation fund for workers in non-government schools, invested in the Fermat ILS Yield Fund to diversify from equity risk and gain the double-digit yields that catastrophe bonds have delivered in past years, says Anthony Rodwell-Ball, … Read more
Cbus will show director and executive pay, individual stock holdings in top-20 companies and administration costs amid other business details in future annual reports and on its website. The $17-billion industry fund for building and construction workers announced on Friday that it would disclose the following business details in annual reports from this September onwards: … Read more
Cash should not be crowned king by investors with long time horizons as historically equities outperform it in the long-term. It is now widely accepted that while the typical balanced-investment portfolio has an allocation to equities of between 50 per cent and 65 per cent, the actual allocation of risk – as measured by volatility … Read more
Michael Jackett-Simpson is watching for news that the stalemate between would-be merger partners, the $43 billion AustralianSuper and $4.6 billion AGEST Super, and the Australian Government will end. Should Treasury allow the smaller fund to use $45 million in investment losses it accrued during the global financial crisis to offset future capital gains tax (CGT) … Read more
Australian superannuation should move away from outmoded strategic-asset allocation models and embrace dynamic asset-allocation and setting absolute-return objectives, attendees at a major investment conference in Sydney heard last week. While the panel of experts at Morningstar’s Investment Conference last week may have differed on their views on various asset classes, they were unanimous in their … Read more
Investors will be able to monitor Australia’s fixed-income market at any point during the trading day, with S&P Indices the first Australian index provider to launch intra-day pricing for its series of indexes. The real-time index values will enable investors to better measure the impact of major news, economic announcements, and market and political events … Read more
As Doug McTaggart prepares to leave his position as chief executive officer of QIC, he says the state-owned asset manager is well positioned to build on its growing client base. QIC, under McTaggart, has expanded from its foundation clients, the Queensland government and QSuper, and increasingly looked to commercial opportunities via large institutional investors in … Read more
Sharan Burrow, the head of the world’s biggest trade union organisation, says asset managers and superannuation funds should find ways to invest in Australia’s residential housing market through shared-equity arrangements with fund members. Burrow called for the superannuation industry to push for regulatory change to allow investment in housing, saying the industry has ignored both … Read more
How to plan for longevity risk in the future if someone’s brain can be kept alive long after their body has wasted away is one of the more unusual questions posed in a new discussion paper released by Australia’s peak actuarial body. While engaging in some science fiction theorising, the Actuaries Institute has a harsh … Read more
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