In a world where funds managers of all descriptions are under increasing pressure to demonstrate added value, the role of hedge funds-of-funds (FoFs) is being continually scrutinised.
Slow motion train wreck does not mean recession – Artefact
Having the “best balance sheets in a generation” should allow non-financial companies to keep the world out of recession, according to a London-based hedge fund manager.
Warwick Negus: one-man boutique incubator
The chief executive of Colonial First State Global Asset Management, Warwick Negus, has made a private investment of $10 million in a Sydney-based global equities boutique.
Ex-CBA Super exec to front consultants for UBS GAM
UBS Global Asset Management has hired a former manager of investments at Commonwealth Bank Officers Super Fund to be its head of institutional consulting relations.
Hugh Dougherty bounces back
A few months after being restructured out of InTech, Hugh Dougherty has fallen on his feet in a senior role at another consultant.
What does Rudd mean to super?
Expectations are high following Prime Minister-elect Kevin Rudd’s pre-election promises to raise super contributions, cut red tape, boost exports for Australian financial services, and turn Australia into a regional financial hub.
End of an era as Funds SA sells last direct property
South Australian government superannuation fund Funds SA has sold its last direct property investment, spelling the end of an era for the fund which once had up to 30 per cent in direct property.
Boom in new pensions for UniSuper
The $24 billion UniSuper experienced a five-fold increase in new pension applications during the September quarter this year.
Water, uranium: funds brave the elements
Water and uranium themes run through three new funds coming to retail and wholesale markets.
Skandia platform registry project late, but on track
The March 2008 target date it originally set for itself has blown out by a few months, but Skandia is confident it will have a new platform registry system by the end of next year.
Custody peak body makes Bryan Gray chair, again
Bryan Gray, JP Morgan Worldwide Securities Services’ domestic head of sales, has been elected chair of the Australian Custodial Services Association (ACSA) for the second time.
Cheap entry to China in latest ETF offering
Barclays Global Investors (BGI) has added China to its Australian exchange traded funds line-up, called iShares, with the top 25 stocks in that market accessible for a 74bps fee.
