A major challenge for long-term investors is extracting risk premiums while maintaining limited exposure to downside risks, writes Stoyan Stoyanov.
Super fund mandates are worth fighting for
Funds management salespeople say it’s been “hard” to win investment mandates from superannuation funds. “Money isn’t moving,” one told me in January. But least he, unlike other salespeople, still has a job.
Van Athukorala to leave AMP Capital
Van Athukorala, a senior portfolio manager, will leave the combined investment team of AMP Capital and IPAC on March 30. “As a result of the teams merging we identified duplication in four roles,” says an AMP Capital statement. Guneet Rana, a senior investment manager, Simon Romijn, a senior investment specialist and John Zavone, a senior … Read more
The man brokers, asset managers must thank
James Spenceley may be the most important man in asset management and stockbroking in Australia many have never heard of. Spenceley’s Vocus Communications has laid 140 kilometres of fibre optic in Brisbane, Melbourne and Sydney. Some of it is in Sydney links the finance community with Chi-X Australia Ltd. and ASX Group’s Gore Hill data … Read more
Mark Levinson to leave Goldman Sachs
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
The zero sum game of active asset management
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 CEO Geoff Lloyd’s iron fist in a velvet glove
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
AMP’s Brown is critical of boutique asset managers
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
AMP’s Brown is critical of boutique asset managers
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 second-best in Asia
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’s Troy Rieck wants to make your assets sweat
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
