Charles Brooks, formerly an analyst with Northward Capital, has been hired by Industry Funds Management to open its Sydney office.
Integrity headlines reignites boutique fund manager risk
Breach of internal trading rules. Theft. Support for a competitor. Pornography. Such allegations usually spell doom for a boutique fund manager.
Westpac shifts employer default super to BT Funds
BT Super for Life will become the default employee superannuation fund for Westpac employees.
Chi-X’s Peter Fowler focused on technology
The craggy face of Peter Fowler, chief operating officer of Chi-X Australia Ltd., betrays many late nights. The Bow East End of London native is focused on getting Chi-X’s technology working.
Aurora Funds says “cult of equities” strangles industry development
The regular injection of superannuation money into the Australian stock market has fed a “cult of equities” and produced generations who expect share prices to rise, says John Corr, chief investment officer of Aurora Funds Ltd.
Mouatt says 2008-2009 market plunge haunts trustees
Peter Mouatt, co-founder of Adam Smith Asset Management, says superannuation funds remain wary of putting more money into Australian equity funds as they remain spooked by the plunge in stock markets in 2008 and 2009.
Andrea Slattery says tailored products needed for SMSFs
Self-managed super fund investors, who account for more than $432 billion, need tailored products from dedicated investment professionals focused on this group, says the Self-managed Super Fund Professionals Association.
Bennelong becomes a cattery after hiring ex-Geelong runner in expansion push
Jarrod Brown, chief executive of Bennelong Funds Management, has hired former army captain and Geelong Cats runner Roger Phipps as director of distribution.
Integrity at Integrity Investment Management
At Integrity Investment Management’s offices near a leather couch that visitors sit on before seeing Paul Fiani and his team, various awards are displayed. On one wall a certificate proclaims the firm was a finalist for Morningstar’s 2007 fund manager of the year. Trophies on a table show Integrity was Lonsec’s 2009 and 2010 fund manager of the year in Australian equities ‘’broad cap’’.
Shawn Burns: “Have you heard of any jobs?”
Shawn Burns is looking for work. The former second-in-command at Integrity Investment Management, who was fired on June 28, wants to be employed as a fund manager again.
Managers evicted as Tower NZ brings global in-house
New Zealand funds manager, Tower Investments, has embarked on a radical overhaul of its NZ$700 million equities portfolio that will see the majority of its global shares allocation managed in-house.
Qantas moves first on FX efficiency
Qantas Superannuation has become the first Australian fund to outsource foreign exchange (FX) services to an agency provider and expects the decision to save it more than $1 million each year.
