The dominance of NAB and J.P. Morgan in Australian custody is being challenged by energised rivals vying for large superannuation fund clients.
Victor Rodriguez on the Greek debt crisis
Watch part one of an Investment Magazine roundtable held on the sidelines of the Markets Summit on 14 February 2011. Editor Simon Mumme speaks with asset class specialists from funds management companies in Australia and Asia: Victor Rodriguez, head of Australian fixed income, Aberdeen Asset Management : Victor Rodrigues on the Greek Debt crisis … Read more
AMP Capital, Cbus build luxury Sydney residences
Institutional investors have built new addresses for Sydney’s rich. SIMON MUMME reports.
Paul Taylor, Fidelity’s Australian disciple
In front of Paul Taylor Japanese food sits almost untouched. The Fidelity fund manager is far, far away. He is describing lessons imparted by Peter Lynch in Boston and Anthony Bolton in London. “The time they have to spend with you…I’m amazed,” says Taylor, almost at a loss for words as he contemplated the wisdom … Read more
At asset manager Perpetual it is all smiles
Under a glass covered case at Perpetual Ltd.’s Sydney headquarters medals are displayed. One hundred employees enlisted for active service in 1940. Staff raised a fund for employees who served abroad during World War II. Now the firm’s employees are in another fight. Perpetual is the subject of takeover speculation. Investor Gary Weiss, says the … Read more
ASX pushes for dark pool trading limit
ASX Group wants only orders of $50,000 or above to be able to be funnelled into so-called dark trading pools and wants companies such as Liquidnet to get a license to operate a dark pool. The operator of the Australian Stock Exchange says such recommendations to the Australian Securities and Investment Commission is still being … Read more
Custody isn’t all about price, says First State
Custodians should present information in a simplified way so that trustee fund boards can make decisions promptly, says Graeme Arnott, chief operating officer at First State Super. “Custodians must de-emphasise price and emphasise services,” says Arnott, a former custodian himself. Arnott says he wants “healthy competition” and isn’t fixated on price when deciding on custody … Read more
AMP Capital to launch global resources fund
AMP Capital, the asset management unit of AMP Ltd., will seek investor money for a new global resources fund that will be managed by John Payne. Payne, 52, worked at Hexam Capital and Baring Asset Management. He joined the Sydney-based firm on February 15. AMP Capital has about $123 billion in assets under management “John’s … Read more
AMP Capital to launch global resources fund
AMP Capital, the asset management unit of AMP Ltd., will seek investor money for a new global resources fund that will be managed by John Payne. Payne, 52, worked at Hexam Capital and Baring Asset Management. He joined the Sydney-based firm on February 15. AMP Capital has about $123 billion in assets under management “John’s … Read more
Towers Watson hires two investment consultants
Towers Watson’s investment consulting business has hired two analysts following eight similar hirings last year. James Morris and Viduranga Weerasuria will client consult for a business that now has more than 700 associates and about $2 trillion in assets under advice globally.
