Jeremy Grantham
There are only three investment exposures worth seeking in the “seven lean years” ahead, according to Jeremy Grantham, co-founder and strategist at the famously bearish funds manager, GMO.
James Burkitt, ex-Babcock exec, PIS unite in property tilt
A private equity firm controlled by former Babcock & Brown executive Rob Topfer, and advised by industry stalwart James Burkitt, claims to have the money and the support of aggrieved dealer groups (notably PIS) to make it the best party to take over struggling direct property manager, Orchard Funds Management.
We’re exporting resources funds to China, too
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.
JPMorgan custody sales departure creates vacancy
A senior member of JPMorgan Worldwide Securities Services’ sales team has departed for a newly created role spearheading Citi’s fund administration service, and the hunt is on for a replacement.
Independent planners claim $20b pledged for their platform
The Association of Independently Owned Financial Planners (AIOFP) says $20 billion of its members’ funds under advice have been pledged to a platform business it has established, which will use two of the ‘big four’ banks for administration, but will not let them have the trusteeship, which has instead been outsourced to a company owned by Prime Super.
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. BTIG steps into prop-trading vacuum with options service
Institutional brokerage BTIG has recruited a derivatives specialist from Deutsche Bank’s Global Markets division to run its new equity options capability in Australia.
We're exporting resources funds to China, too
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. 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.
