Stephanie Weston, who served as adviser to institutional investors at investment consultants Mercer, has joined AMP as director of investment management. Weston, from March 12, will be in charge of ongoing governance of investments of AMP and the National Mutual Life Association Co, which include investment products under the AMP and AXA brands. AMP spokesman … Read more
Damien Koch, who worked at Suncorp Investment Management, has been hired by Dimensional Fund Advisors to manage fixed income investments. Koch will be the second bond portfolio manager in Dimensional’s Sydney office and will work with Steve Garth, who has been at the firm for 11 years, according to a Dimensional statement. There are eight … Read more
Barclays Capital will launch its third fund in Australia, a global macro-style hedge fund, sometime this year. The London-based firm has already gathered about $60 million for two funds, a long-short commodities fund and a global stock fund. Barclays’ strategy is to cultivate asset consultants for a couple of years so that its funds will … Read more
David Paradice is in an ebullient mood. The founder of his eponymous firm is planning a trip. Paradice has a wish list of people he wants to meet: George Soros, Robert Bass and Julian Robertson, among others. The 53-year old displays an affable manner, populating the ends of his sentences with quaint Australian slang delivered … Read more
Asset managers have outsourced a lot of functions but in many cases have not gleaned the efficiencies they had hoped, says Geoff Hodge, chief executive of financial software firm Milestone Group. “Outsourcing takes more resources than initially thought,” says Hodge. “Some fund managers thought they had outsourced 100 people but have found they have got … Read more
Industry Funds Management has won a US$500 million mandate from the California State Teachers’ Retirement System, the second-largest pension fund in the U.S. IFM says US$300 million will be invested immediately and US$200 million will be invested in the next 18 months in regulated utilities, transport and other “cash-yielding, inflation-hedged infrastructure investments” in Australia, Europe … Read more
David Kivell, former managing director of CBRE Global Real Estate Securities, has been hired by Perennial Investment Partners Ltd. as head of property investments to oversee a $1.8 billion portfolio. Kivell replaces Stephen Hayes who has resigned “to take an extended break from work,” a Perennial statement says. Kivell will manage a team of 10 … Read more
Victorian Funds Management Corp. says its private equity investments have been a useful adjunct to its portfolio but they are not seeking to bolster their allocation to such investments. “I don’t need to tell you that markets have been volatile but private equity has given a smoother valuation cycle,” says Justin Arter, chief executive officer … Read more
Chris Robertson doesn’t believe in size for size’s sake. “We’re not rampant asset gathers,” says the senior investment specialist, Australian equities, Colonial First State Global Asset Management. “We manage our capacity very carefully. We’re not afraid to soft close,” says Robertson. Colonial’s Australian equities team manages about $9.5 billion. About $5.5 billion is actively managed. … Read more
Steve Grob likens high frequency trading to being spoon fed a meal in a restaurant. The kitchen has to cook each spoonful of food before it can be served but “insists on getting paid before he gives you more food,” says the director of group strategy at Fidessa. “Love it, hate it, HFT is here … Read more
Credit Suisse Group AG hired former Queensland Investment Corp. executive Evan Reedman as head of consultative relationships for asset management in Asia-Pacific. “Evan’s role will be regional, working with institutional investment consultants in Japan, non-Japan Asia and Australia,” says Will Britten, head of asset management for Credit Suisse in Australia, in a statement. Neil Harvey, … Read more
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
