The director of group risk at Industry Fund Services Insurance Broking, Greg Staunton, has left the firm to take a senior position at a major superannuation fund and former client.
IFS' group risk kingmaker joins major client
The director of group risk at Industry Fund Services Insurance Broking, Greg Staunton, has left the firm to take a senior position at a major superannuation fund and former client. QIC head of implemented equities goes…
The head of Queensland Investment Corporation’s $12 billion implemented equities program left suddenly on Friday. Pockets of light in a morass of gloom
There are so many disturbing aspects to the financial crisis that it is difficult to focus. In the finance industry itself, it’s as if whole organisations are paralysed in a hopeless pessimism.
Notwithstanding the self-fulfilling nature of this gloom, as the rest of the world starts to slide down the same slope, there are still pockets of light which deserve wider recognition. The first is that many markets have probably overshot fair value on the downside by a wide margin.
Pockets of light in a morass of gloom
There are so many disturbing aspects to the financial crisis that it is difficult to focus. In the finance industry itself, it’s as if whole organisations are paralysed in a hopeless pessimism.
Notwithstanding the self-fulfilling nature of this gloom, as the rest of the world starts to slide down the same slope, there are still pockets of light which deserve wider recognition. The first is that many markets have probably overshot fair value on the downside by a wide margin. As share markets shrink, new ideas grow
There are always a few types of business which can profit from a financial crisis, and it’s been interesting to watch those who hope to be among them subtly play their angles.
The bids for attention have sometimes come from opposite ends of the risk spectrum. For instance this month we had fixed income broker FIIG Securities herald ‘Government-guaranteed bank debt’ as the new asset class du jour, which will trade at a wider spread than traditional Australian Government bonds.
As share markets shrink, new ideas grow
There are always a few types of business which can profit from a financial crisis, and it’s been interesting to watch those who hope to be among them subtly play their angles.
The bids for attention have sometimes come from opposite ends of the risk spectrum. For instance this month we had fixed income broker FIIG Securities herald ‘Government-guaranteed bank debt’ as the new asset class du jour, which will trade at a wider spread than traditional Australian Government bonds. Vanguard Australia to lose head of marketing
The head of marketing at Vanguard Investments, Colin Bold, will leave the manager at the end of the year.
AMP sacks ING, Barclays, BT – hires self
AMP’s $5 billion Signature Super corporate master trust has culled $60 million worth of single-manager investment options with ING Investment Management, Barclays Global Investors, and BT Investment Management, transferring members into its own Future Directions funds.
Managers say they are coming out to play – Russell
Funds managers are bullish on the broad markets, if not their own businesses, with a big rise in sentiment towards Australian equities, Australian bonds and the Aussie dollar, according to a survey by Russell Investments.
ACSA to reward custody and admin champions
The Australian Custodial Services Association (ACSA) is set to recognise those in the custody and investment admin industry who have put in extra effort to drive industry efficiency and contribute to regulatory dialogue. Correction to BlackRock story of 25.11.08
The lead story in the Tuesday, November 25 edition of I&T News incorrectly identified nine reduncancies at BlackRock Investment Management’s marketing team. There has in fact been just one redundancy from that team, and a further nine from other parts of the business including the direct and A-REIT property teams. I&T News apologises to BlackRock … Read more
