Six months of rising markets have finally done it. They’ve restarted the boutique incubation industry, which has seen more deals get done in the past few weeks than it has in the few months preceding them.
The great currency debate
Many super funds had to write out big cheques last year. They needed to cover their currency hedging positions over international assets as the Aussie dollar tumbled from near parity with the US to around 60c at its low point. As a result, and notwithstanding a subsequent recovery in the $A, future defensive strategies are being explored.
National Australia Bank recently held a one-day conference for super funds and managers to debate various aspects of the currency dilemma.
GREG BRIGHT reports.
The great currency debate
Many super funds had to write out big cheques last year. They needed to cover their currency hedging positions over international assets as the Aussie dollar tumbled from near parity with the US to around 60c at its low point. As a result, and notwithstanding a subsequent recovery in the $A, future defensive strategies are being explored.
National Australia Bank recently held a one-day conference for super funds and managers to debate various aspects of the currency dilemma.
GREG BRIGHT reports.
Climate change investment assessment system
The Climate Change Institute is trialling a ‘business implementation methodology’ with three super funds with the aim to provide free licenses for major industry participants to cope with assessing their responses to global warming.
Orleow departs Watson Wyatt
Sandi Orleow, the former head of private markets at Watson Wyatt in Sydney, has left the firm.
Insto business builder leaves Fidelity
Tim Connolly, one of Fidelity International’s senior institutional business development managers, will soon leave the manager for another sales role based in Melbourne.
Pengana eyes currency volatility in new alpha play
Al Wilkinson, the Chicago-based portfolio manager behind Pengana Capital’s global volatility fund, is preparing to launch a strategy capitalising on the volatility of major currencies.
Moloney calls it a day at IFM
After nearly 15 years with Industry Funds Management and its predecessor firm, Damian Moloney, the chief executive, has resigned.
New analyst for Health Super
The $7 billion Health Super has appointed a new investment analyst responsible for integrating environmental, social and governance (ESG) risks into the fund’s investment process, in addition to broader investment research.
Korbel resurfaces in big multi-manager role
Andrew Korbel, formerly the head of currency and fixed income at Intech, started work at a major funds manager based in Melbourne yesterday.
IFFP celebrates 10 years of fighting commissions
Industry Fund Financial Planning celebrates its 10th anniversary this week.
