Pengana Capital will stop marketing standalone funds to institutional investors.
Avoca, new fund, seeks $170 million in two years
Former UBS AG fund managers John Campbell and Jeremy Bendeich hope to raise as much as $170 million in two years for their Bennelong Avoca Emerging Leaders Fund.
Colonial, LGS differ on carbon risk management
(A correction to this article was made on July 5, 2011)
Colonial First State Global Asset Management, which manages about $152 billion*, says funds should wait for government regulations before starting to hedge carbon risks.
July 2011
In this Month’s Investment Magazine ESG unmasked: who voted in Australia’s first climate-change resolution, and why Straight out of Baltimore Global small-caps deserve to be a big deal Custodians eye bigger mandates
June 2011
In this Month’s Investment Magazine ESG unmasked: who votedin Australia’s first climate-changeresolution, and why Straight out of Baltimore Global small-caps deserveto be a big deal Custodians eye biggermandates
ipac puts $1.2bn in stock-pickers’ hands
ipac has invested $1.16 billion with fundamental stock-pickers to restructure its $2.7 billion global equities portfolio.
AustralianSuper hires Gray from Goldmans
Australia’s biggest industry superannuation fund has appointed a sustainable investment expert from Goldman Sachs to focus on corporate governance standards in the companies it invests in.
Britten joins Credit Suisse (CLARIFIED)*
A clarification to this story was issued on June 28, 2011.
Will Britten, CEO of BlackRock in Australia, has exited to lead the funds management arm of an investment bank.
Will Britten started as Credit Suisse’s managing director and head of asset management Australia yesterday, and is responsible for growing its three business lines: alternative investments, asset allocation and advisory, and emerging markets.
Five Oceans reaches $500mn FUM
Global equities boutique Five Oceans Asset Management has gained a $150 million mandate from a NSW superannuation fund.
Peter Lambert, CEO of Local Government Super (LGS), said the $6 billion fund awarded the mandate because it was confident in Five Oceans’ investment team and process, and its awareness of the impact of sustainability risks on stock prices.
Changing of the guard as Aberdeen seeks growth
Robert Penaloza, who joined Aberdeen Asset Management as a graduate trainee in Singapore in 1997, has been appointed the business’ head of Australian equities.
HESTA strikes premium deal with CommInsure
HESTA Super Fund’s decision to appoint CommInsure as its group insurer will significantly boost the risk business’ premium income.
HESTA strikes premium deal with CommInsure
HESTA Super Fund’s decision to appoint CommInsure as its group insurer will significantly boost the risk business’ premium income.
