Mark Levinson, the head of transition management at Goldman Sachs Group Inc. in Australia, will leave the firm and join a nascent hedge fund. Levinson, who joined New York-based Goldman Sachs in 2008,says he will join a firm of 10 people who formerly worked at Morgan Stanley, Tudor Investment Corp. and Pimco. It is not … Read more
Active asset managers are hired by the $1.3 trillion superannuation fund industry so they can differentiate themselves from each other, says Wilson Sy, a visiting fellow at the University of Western Australia who was a senior advisor to the Super System Review. Sy says the debate on whether active or passive asset management is a … Read more
Perpetual Ltd. chief executive Geoff Lloyd was listening patiently to a homophobic rant. Henri Aram, who says he is “close to 90” years old, was railing against “same sex marriage.” “It’s a very, very substantial problem,” says Aram, who arrived in Australia in December 1938 to escape the Holocaust. He says he has held stock … Read more
Ella Brown doesn’t mince her words. AMP Capital’s head of fundamental equities says some Australian boutique fund managers have an inflated reputation. “Just because people are in a boutique it doesn’t mean they have more commitment to the product than us at AMP Capital. We have very passionate portfolio managers,” says Brown. She says there … Read more
Ella Brown doesn’t mince her words. AMP Capital’s head of fundamental equities says some Australian boutique fund managers have an inflated reputation. “Just because people are in a boutique it doesn’t mean they have more commitment to the product than us at AMP Capital. We have very passionate portfolio managers,” says Brown. She says there … Read more
Australian private equity funds produce the second-best returns after China amongst Asian private equity funds. The Australian funds that manage $250 million or less have an internal rate of return of 18 per cent per annum over a decade, according to the Australian Private Equity & Venture Capital Association Ltd. Access to money for buyouts … Read more
QIC Ltd. wants eight new risk management customers on top of the seven funds it currently helps, says Troy Rieck, a managing director at the Brisbane-based firm. “We manage risk to increase returns,” says Rieck, visiting potential clients in Sydney. Rieck’s team has 14 people and was formed in 2007 after prodding by QIC’s University … Read more
Just nine per cent of more than 5,000 investment strategies in the Asia-Pacific region meet the highest standards of environmental, social and governance investing, says Mercer. Since 2008 Mercer has assigned a 4 point scale to investment strategies based on how ESG guidelines. Funds are assessed on how integrated such principals are in active fund … Read more
Matthew Drennan, who was in charge of about $5 billion in assets under management at Zurich Financial Services Australia Ltd., will leave the company by the end of the month. Zurich is merging its investments and life insurance business. Drennan, a nine-year company veteran, has been discarded. He will not be replaced. “I’m assessing my … Read more
Asset managers will continue to use software companies to help with trading, analysis and trade settlement as spending on such activity is down by a quarter, according to Charles River Development. Asset managers are “bottom line driven. They divest themselves of a lot of costly systems, data, staff,” says Cameron Field, managing director Asia Pacific … Read more
Asset managers will continue to use software companies to help with trading, analysis and trade settlement as spending on such activity is down by a quarter, according to Charles River Development. Asset managers are “bottom line driven. They divest themselves of a lot of costly systems, data, staff,” says Cameron Field, managing director Asia Pacific … Read more
Watch part two 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 – Eng Teck Tan, investment manager, Treasury Asia Asset Management – … 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.
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