Bennelong Funds Management, the Melbourne-based boutique funds management company with $1.8 billion under management, has enticed Mark Burgess and Kristiaan Rehder from competitor Herschel to manage its second hedge fund.
QSuper’s Quest
QSuper is reinventing itself. On the eve of marking a century, the $32 billion superannuation fund for Queensland public sector workers has new investment beliefs and a strategy that is purposefully different from those of its peers. In its dynamic pursuit of risk factor exposures, it aims to break the straitjacket of investment benchmarks that … Read more
QSuper's Quest
QSuper is reinventing itself. On the eve of marking a century, the $32 billion superannuation fund for Queensland public sector workers has new investment beliefs and a strategy that is purposefully different from those of its peers. In its dynamic pursuit of risk factor exposures, it aims to break the straitjacket of investment benchmarks that … Read more
Gary Mulcahy on the prowl
Gary Mulcahy, chief executive of NabInvest, wants to take stakes in an infrastructure and a global fixed income fund as the unit of National Australia Bank Ltd. seeks to double its assets to $90 billion.
IRESS’s Andrew Walsh says Chi-X’s entry will accelerate market change
Andrew Walsh, managing director of Australia’s dominant share information and trading system IRESS Market Technology Ltd., says the entry of a second trading venue may attract other venues and further emphasise trading technology and order execution speed for fund managers and brokers.
BT Investment Management: 1990s comeback kid
In the 1990s the Backstreet Boys and Take That topped the charts and BT Investment Mangement Ltd. dominated the Australian funds management scene. Like the boy bands, Emilio Gonzalez says the fund manager is planning a comeback of its own.
“We used to dominate in the 1990s,” says Gonzalez, chief executive of BT Investment Management. “Our brand was strong. We need to re-build its presence.”
Chris Durack to head distribution at Schroder
Chris Durack, the chief executive of the $38 billion New South Wales State Super fund, will become head of distribution at Schroder Investment Management Australia Ltd.
Fidessa to open Australian office
Fidessa, the London-based liquidity aggregator, plans to open an Australian office. It is seeking to hire an Australian-based executive. Fidessa is on about 26,000 screens globally through a network of 600 brokers that route order flows from 160 venues.
Peter Morgan underground
Peter Morgan, the well known Australian investor misdiagnosed with a terminal illness, says he is not sure if he will return to fund management.
T. Rowe Price to start Australian stock fund, hire analysts
Viral Patel, associate director of research for T. Rowe Price International Ltd., says the firm is seeking to hire a resources analyst as the firm looks to start an Australian equities fund.
BNP Paribas’s Pierre Jond expects to ramp up custody challenge in 2012
Pierre Jond, managing director at Australia’s No. 3 custodian BNP Paribas, says the company’s local banking license will enable it to win more business from fund managers who previously may have just used France’s biggest bank for international business.
Big enough?
Paul Brech, chief executive of broker BTIG Australia, is not sure if Australia is big enough for two exchanges.
