While being far from immune from the financial crisis, asset servicing firms, such as custodians, have tended to fare better than many other financial institutions as the impact of the credit crunch permeated through the rest of the economy over the past 12 months. Custodians, in particular, which moved up the food chain in recent years to diversify their services in cash and foreign exchange management, have seen some business lines at record levels.
As all else collapses, custodians come to the fore
While being far from immune from the financial crisis, asset servicing firms, such as custodians, have tended to fare better than many other financial institutions as the impact of the credit crunch permeated through the rest of the economy over the past 12 months. Custodians, in particular, which moved up the food chain in recent years to diversify their services in cash and foreign exchange management, have seen some business lines at record levels.
Seizing the DAA: funds eye dynamic tilting
Jim Franks, director of investment consulting in Australia with Russell Investments, describes the market that his clients are confronting as “foreign in anyone’s experience”. Looking ahead, it “will be substantively different from what we’ve experienced in the last generation”. Funds have incurred losses in almost all asset classes, and the rigidity of long-term portfolio settings, which now demand rebalancing back into diminished equities portfolios, has made dynamic asset allocation (DAA) a subject of debate among investment committees in Australia.
Seizing the DAA: funds eye dynamic tilting
Jim Franks, director of investment consulting in Australia with Russell Investments, describes the market that his clients are confronting as “foreign in anyone’s experience”. Looking ahead, it “will be substantively different from what we’ve experienced in the last generation”. Funds have incurred losses in almost all asset classes, and the rigidity of long-term portfolio settings, which now demand rebalancing back into diminished equities portfolios, has made dynamic asset allocation (DAA) a subject of debate among investment committees in Australia.
It’s all about risk and this gets personal
Super fund executives who attended last month’s Watson Wyatt Ideas Exchange conference in Melbourne – and there were nearly 100 of them – were not impressed with the performance of their portfolios of alternative investments.
It’s all about risk and this gets personal
Super fund executives who attended last month’s Watson Wyatt Ideas Exchange conference in Melbourne – and there were nearly 100 of them – were not impressed with the performance of their portfolios of alternative investments. In what has become a feature of the Watson Wyatt event, the fund representatives and 50-or-so managers present were polled of their views on a range of topics. Lose your job, but gain your life
For as scared as everyone gets about the prospect of losing their job, it’s remarkable how often the de-commissioned sound relaxed, even pleased, about what’s just happened to them.
Lose your job, but gain your life
For as scared as everyone gets about the prospect of losing their job, it’s remarkable how often the de-commissioned sound relaxed, even pleased, about what’s just happened to them. Tim Hannon, a 14-year veteran of Goldman Sachs JBWere Asset Management, is a classic case. His job as head of property securities was made redundant last month, a pruning near the top of the tree which has been repeated at other houses like State Street and Wellington. Post-retirement product innovation on its way, but superannuation funds not ready
Product innovation in post-retirement will be the next big thing in the superannuation industry, according to Paul Murphy, executive manager, marketing and business development at UniSuper, but Australia is lagging the rest of the world. Speaking at Investment & Technology’sinaugural conference – ‘Post-Retirement Solutions for Super Funds: Strategies for Keeping Members in Retirement’ – in … Read more
Post-retirement product innovation on its way, but superannuation funds not ready
Product innovation in post-retirement will be the next big thing in the superannuation industry, according to Paul Murphy, executive manager, marketing and business development at UniSuper, but Australia is lagging the rest of the world. Speaking at Investment & Technology’sinaugural conference – ‘Post-Retirement Solutions for Super Funds: Strategies for Keeping Members in Retirement’ – in … Read more
BNY Mellon looks for further acquisitions as prices slide
BNY Mellon is still on the acquisition trail, particularly in Australasia, following the purchase of the stake it did not already own in the former West AM Australia – renamed Ankura Capital – and the London-based Blackfriars Asset Management. Both were divested by German bank WestLB, which has been hit hard by the credit crisis. … Read more
BNY Mellon looks for further acquisitions as prices slide
BNY Mellon is still on the acquisition trail, particularly in Australasia, following the purchase of the stake it did not already own in the former West AM Australia – renamed Ankura Capital – and the London-based Blackfriars Asset Management. Both were divested by German bank WestLB, which has been hit hard by the credit crisis. … Read more
