At 18 years of age Jeremy Norton left his private school rugby mates and went to London. In 1998 he picked up his swag again and went to New York to trade U.S. Treasuries for Fuji Bank. But this year Norton returned home as the managing principal of a company eager to be the “toll … Read more
Wingate Asset Management, the global stock investor backed by Australian Unity Investments, says it can bolster the size of its fund 20 fold in two years. The Melbourne-based firm’s founder Chad Padowitz says it is no great stretch for the firm to increase its assets under management to $1 billion from $50 million with the … Read more
Colonial First State Global Asset Management has won a $1.3 billion domestic fixed income mandate from UniSuper. The mandate is for government and semi-government bonds and was secured through a competitive tender, says Warren Bird, co-head of global fixed interest and credit at Colonial. “Institutional investors are seeking solutions which balance outcomes with appropriate research, … Read more
Geoff Lloyd, Perpetual Ltd.’s new chief executive, is fired up and ready to go. “I’m very confident and excited about the future,” says the 43-year old, who was previously Perpetual’s head of private wealth and retail distribution. Lloyd, who joined Perpetual just 18 months ago, replaces the fired Chris Ryan, who was dismissed by the … Read more
Link Group is seeking to win the administration contracts with state superannuation funds and retail master trusts may be future customers for its administration services unit AAS. After investing about $150 million in its technology systems, the Retail Employees Superannuation Trust, a $20 billion fund with 1.9 million members, renewed its administration contract with AAS … Read more
Just a sliver of the $1.8 trillion in assets under management in Australia are invested along thematic environmental, social and governance lines. These few billion dollars are invested whereby an environmental or social factor will generally trump traditional measures such as short-term returns. “To fully incorporate enviornmental, social and governance questions requires cultural changes in … Read more
KiwiSaver, New Zealand’s nationwide pension scheme, has boosted its assets under management to NZ$11.63 billion as of the end of last year. Funds under management rose 7.5 per cent or NZ$580 million on December 31 from September 30 when they were $10.82 billion. “There have been very strong flows, $500 billion a quarter for several … Read more
Bob Christiansen spent about 23 years outside Australia helping to start companies and getting to know some of the biggest names in venture capital. When he returned to his country in 1998 it was to Brisbane. Now Christiansen backs promising Australian entrepreneurs as a managing director at Southern Cross Venture Partners, jetting to the firm’s … Read more
Industry Funds Management says it is a long-term investor. Very long-term in a business where long-term is considered by many asset managers to be five years. “We have an investment horizon of 50 to 60 years,” says Kyle Mangini, IFM’s global head of infrastructure, who moved to Australia in 1991 after graduating from Wesleyan University … Read more
National Australia Bank Ltd. fought off rivals to renew its custody contact with MTAA Super Fund, a business relationship that will now last more than 15 years. The bank, which has a 30 per cent market share of Australia’s custody business, has yet to finalise the length of its contract with MTAA Super, which manages … Read more
Citigroup Inc.’s Martin Carpenter’s well cut suit, choice of shirt and necktie are sending a signal. Australia’s fifth-biggest custodian is dressed up and ready to challenge rivals. Carpenter, managing director of securities and fund services, global transactions services, says Citigroup will be at the forefront of competing for custody mandates from the biggest Australian funds … Read more
The Future Fund’s total assets under management fell to $73.07 billion as of December 31 compared with $73.18 billion as of September 30. The Melbourne-based fund’s return in the six months to December 31 was minus 3.1 per cent. “Underlying pressures remain and Europe continues to wrestle with debt-related challenges and the risk of recession,” … 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.
