John Holmgren laughs when he is asked if he is related to Super Bowl winning coach Mike Holmgren. But John Holmgren shares the Cleveland Browns president’s obsession with figures and strategy. He draws them all over documents so the finished product resembles a playbook the Browns, Packers or Seahawks may use. Holmgren is president of … Read more
Industry Funds Management’s Clyde Haldane says stock brokers don’t like him. “The dealers hate us,” says the executive director, listed equities at Melbourne-based IFM. “We buy or sell one stock a year.” Haldane says he has been thinking about long-term investing for 15 years but has only been putting his theories into practise seven years. … Read more
Marsha Roth remembers a time on Wall Street not so long ago when a woman who wanted work could only get a job as a typist. One of the original 15 members of Angelo Gordon & Co., Roth is now a senior managing director and probably very wealthy. She has seen the New York-based firm’s … Read more
The Australian Securities & Investments Commission wants to ensure “bad apples” in finance are culled. The regulator, that enforces company and financial services law, is seeking to be more assertive. ASIC will have a “proactive, regulatory approach,” says commissioner Peter Kell. Regulators will be “more forward looking” in addressing risk. Kell, citing an ANZ survey, … Read more
AMP has appointed a specialist unit of its funds management arm to invest the combined pool of statutory assets resulting from its merger with AXA Asia Pacific. The multi-asset group, a unit of AMP Capital Investors aiming to develop customised investment strategies, now manages the AMP Statutory Life Funds and insurance provisions of AXA, a … Read more
Superannuation fund returns have beaten the cash rate in the past 20 years – but only just. Tony Day asks why so many funds still passively invest so much money in equities.
Hiring in asset management in the first half of this year is expected to be stagnant but there may be cause for optimism in the second half, a study by employment firm Clarius Group says. There was no recruitment in the Christmas-New Year period. In February there has been very “moderate requirement,” says Paul Barbaro, … Read more
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
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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.
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.
