Only 20 per cent of respondents to a new survey of 70 asset managers around the world had cut staff, or expected to cut as a result of the financial crisis.
Restructure eliminates private wealth roles at Perpetual
Both the head of private clients at Perpetual Investments and the head of the Perpetual Foundation have exited the company after a comprehensive corporate restructure.
Only one-fifth of fundies say they'll downsize: survey
Only 20 per cent of respondents to a new survey of 70 asset managers around the world had cut staff, or expected to cut as a result of the financial crisis.
Future Fund starts to take on some risk
If there were any lingering doubts about the early conservatism of the Future Fund, the annual report published October 20 should put those to rest. The report reveals that six big mandates were awarded to international alternatives managers prior to June 30 as well as confirmation of the appointment of some traditional active managers both in Australia and overseas. The alternatives commitments are particularly interesting.
Future Fund starts to take on some risk
If there were any lingering doubts about the early conservatism of the Future Fund, the annual report published October 20 should put those to rest. The report reveals that six big mandates were awarded to international alternatives managers prior to June 30 as well as confirmation of the appointment of some traditional active managers both in Australia and overseas. The alternatives commitments are particularly interesting. ‘Brand Australia’ can be a fin services job creator
Financial services is not the happiest place to be these days, and nobody’s mood would have been improved by a report last month from JPMorgan Australia chief economist, Stephen Walters. In it he predicts that a slowdown in China will lead to Australia’s unemployment rate doubling between now and late 2010, to a 9 per cent level not seen since Paul Keating’s days.
‘Brand Australia’ can be a fin services job creator
Financial services is not the happiest place to be these days, and nobody’s mood would have been improved by a report last month from JPMorgan Australia chief economist, Stephen Walters. In it he predicts that a slowdown in China will lead to Australia’s unemployment rate doubling between now and late 2010, to a 9 per cent level not seen since Paul Keating’s days. Hedge fund manager: Goodbye and get f—-d
Hedge fund manager Andrew Lahde spectacularly departed the industry last month after his one-year-old fund returned 866 per cent betting against the subprime collapse. The Californiabased manager’s “goodbye letter” blasted the industry for its greed and stupidity. The email has already been passed around more times than a credit default swap, but here are a … Read more
Hedge fund manager: Goodbye and get f—-d
Hedge fund manager Andrew Lahde spectacularly departed the industry last month after his one-year-old fund returned 866 per cent betting against the subprime collapse. The Californiabased manager’s “goodbye letter” blasted the industry for its greed and stupidity. The email has already been passed around more times than a credit default swap, but here are a … Read more
Even investment legends let sweet deals slip away
Readers of Mark Mobius’s book Passport to Profits will know of the 84 ‘Mobius Rules’ to emerging markets investing, which the investment guru has crafted over 21 years running the asset class for Templeton Asset Management. After attending a luncheon with the globetrotter who has built a career from buying up cheap stocks, Unbalanced thinks … Read more
Even investment legends let sweet deals slip away
Readers of Mark Mobius’s book Passport to Profits will know of the 84 ‘Mobius Rules’ to emerging markets investing, which the investment guru has crafted over 21 years running the asset class for Templeton Asset Management. After attending a luncheon with the globetrotter who has built a career from buying up cheap stocks, Unbalanced thinks … Read more
Fast-talking women are important to funds
SuperRatings’ first conference, A Day of Confrontation, turned out to be just that for a few of the industry’s more sensitive eyes and ears. One of the more entertaining sessions of the day, ‘The XY Factor’ presented by Amanda Stevens, highlighted to the audience the neurological differences between men and women and how funds can … Read more
