A resources fund run from Sydney by a 30-year veteran of the sector has become one of the few funds available to Chinese retail investors under the QFII regime.
Scale isn't everything: Towers Watson stands by IBM
Towers Watson is sticking with IBM Superlife as the administrator for the 41 corporate super funds it advises, even though the scaleability of the IBM Australia division is about to be decimated by the loss of its major foundation client. Axa gives ipac $200m to start generating income
The $13 billion multi-manager, ipac, has built an income fund spanning equity and credit markets for the financial planning arm of its parent, Axa Asia Pacific, and received $200 million in seed funding.
Passive currency hedging ‘guarantees regret’
A co-founder of Pareto Partners has criticised the currency strategy most common among Australian super funds, describing the 50 per cent passive hedge as “a position of guaranteed regret”, while unveiling an Ambassador-distributed boutique which aims to make money during the 85 per cent of times that major currencies are non-trending.
Morry’s crew gets set for new quant boutique
A team of ex-Barclays Global Investors executives, led by Morry Waked (pictured), has advanced plans to launch what looks like becoming the hottest quant-orientated boutique Australia has seen. JP Morgan secures $40bn custody client
JP Morgan Treasury & Securities Services (JPMorgan TSS) has secured a $40 billion master custody client, following a tender run by Mercer Sentinel.
Fundie-go-round starts again
Now that the GFC dirge has stopped, Standard & Poor’s has debuted its inaugural Musical Chairs report on fund manager movements for the first quarter of 2010. Order management contender seals first Australian deals
Eze Castle, an order management system (OMS) provider competing against the likes of IRESS and Charles River, has attracted its first clients in Australia.
Passive currency hedging 'guarantees regret'
A co-founder of Pareto Partners has criticised the currency strategy most common among Australian super funds, describing the 50 per cent passive hedge as “a position of guaranteed regret”, while unveiling an Ambassador-distributed boutique which aims to make money during the 85 per cent of times that major currencies are non-trending.
Morry's crew gets set for new quant boutique
A team of ex-Barclays Global Investors executives, led by Morry Waked (pictured), has advanced plans to launch what looks like becoming the hottest quant-orientated boutique Australia has seen. Australia’s oldest mandate…probably
Australia’s oldest mandate…probably When MLC rejigged its debt securities portfolio recently, a forward-looking approach was taken. For instance, global government bonds were split out as a specialist sector, and underlying managers were pigeon-holed so that the multimanager could try and control exposure to interest rate and credit risk. However, few would have realised the restructure … Read more
