asset managers

Investment Strategy

Custody calls on asset managers

Only 15 per cent of the world’s assets under management had been fully outsourced to investment administrators, creating a growth opportunity for global custodians. Joe Antonellis, Boston-based vice chairman of State Street, says that a combination of regulatory change, a push for transparency and continued asset diversification is creating a need for “major administration system […]
Investment Strategy

Boutique businesses bubble on

The creation of new investment-management boutiques continues around the world, despite a relatively tough time for active fund managers during the past 12 to 18 months. The head of equities and acting chief investment officer for MLC, Jonathan Armitage, says the company’s fund-of-funds approach to creating products for the Australian market means it regularly receives […]
Investment Strategy

A century of ASX ETFs

ASX, the owner and operator of the Australian stock market, expects 100 exchange traded funds (ETFs) by June 2013. “I’d be surprised if we weren’t at 100 by this time next year,” says Richard Murphy, general manager of capital markets at ASX. “There is not one big Australian fund manager not looking at ETFs.” Still, […]
Investment Strategy

Treasury Group to add another asset manager

Treasury Group is looking for more acquisitions. After adding a seventh asset manager to its stable of boutiques, Treasury Group’s chief executive Andrew McGill expects to sign an agreement with an eighth asset manager before year end. “We’re in active dialogue with a number of parties,” says McGill. “I expect an announcement before the end […]
Investment Strategy

ASIC concerned by dark pool, HFT trading

The Australian Securities Investment Commission is concerned that so-called dark pool and high frequency trading may damage price discovery or lead to market crashes. Belinda Gibson, ASIC’s deputy chair, says high frequency trading could lead to abuses and market disruption. High frequency traders use mathematical formulas to trade millions of stocks within seconds to take […]
Investment Strategy

Asset managers decry share sale process

Guy Foster, head of equity capital markets in Australia for Bank of America Merrill Lynch, was red in the face. It may not have necessarily been because three asset managers at the Ownership Matters governance conference were voicing criticism of investment banks hired to sell shares for companies. “Long-term shareholders are discriminated against” in many […]
Investment Strategy

Merger pressure builds for super funds

Superannuation funds, which collectively manage about $1.4 trillion, will be forced to merge to satisfy capital requirements imposed by the Australian Prudential Regulation Authority, says merger adviser Nigel Lake. APRA’s new capital requirements, to be enacted in July 2013, will force some of the funds to find capital, says Lake, joint chief executive of Sydney-based […]
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