Australian stocks

Investment Strategy

Bennelong Funds hires CFO

Bennelong Funds Management, the boutique fund-management group, has hired Jeff Phillips as its chief financial officer. At Melbourne-based Bennelong, Phillips will head a finance team that has recently expanded. Hamish Wood, formerly a finance manager at GLG Partners in London, is now group-finance manager. Nicole Hammond is the senior fund accountant. She worked at consultants […]
Investment Strategy

Stephen Bramley joins Treasury Group

Stephen Bramley, the former head of institutional sales at Mercer in Australia, has joined boutique fund manager-backer Treasury Group as director of distribution. Andrew McGill. Treasury’s chief executive, says Bramley’s appointment has heralded a reorganisation in Treasury Group’s sales team. Peter Walsh, formerly head of retail distribution, has been appointed a director of distribution and […]
Investment Strategy

Lodestar Capital to shut

Lodestar Capital Partners will close down on June 30 after more than five years managing money. The Australian stock fund manager, which is 33-per-cent-owned by Nabinvest, says its main fund has outperformed the stock market by about 1 per cent a year since inception on March 1, 2007. “This has been a difficult decision to […]
Investment Strategy

Peter Morgan, market animal

Peter Morgan was sitting all alone to one side of a lecture hall at Melbourne Business School. He had just spent two days on Bells Beach and his skin was a dark brown that contrasted strikingly with his sun-and-salt bleached blond hair. When it came time for Morgan to address an audience of finance and […]
Investment Strategy

Analysts Kent Jensen and Alex Mears leave Schroder

Schroder Investment Management Australia says Kent Jensen and Alex Mears have let the firm to pursue other interests. Jensen, whose stock research included media, mining services, paper and packaging, is returning to Norway to embark on a career outside asset management. Mears, who was responsible for uranium, oil and gas and utility stocks, will travel […]
Investment Strategy

IFM gets $100 mln mandate to crimp carbon

Industry Funds Management (IFM) has won a $100-million mandate from health and community services industry superannuation fund HESTA, which wants its Australian stock investments to produce as little carbon dioxide as possible. Melbourne-based IFM, which manages about $33 billion, says it can measure carbon dioxide in its portfolio with the help of Morgan Stanley Capital […]
Investment Strategy

Paul Taylor, Fidelity’s Australian disciple

In front of Paul Taylor Japanese food sits almost untouched. The Fidelity fund manager is far, far away. He is describing lessons imparted by Peter Lynch in Boston and Anthony Bolton in London. “The time they have to spend with you…I’m amazed,” says Taylor, almost at a loss for words as he contemplated the wisdom […]
Investment Strategy

Robertson says Colonial aren’t “rampant asset gathers”

Chris Robertson doesn’t believe in size for size’s sake. “We’re not rampant asset gathers,” says the senior investment specialist, Australian equities, Colonial First State Global Asset Management. “We manage our capacity very carefully. We’re not afraid to soft close,” says Robertson. Colonial’s Australian equities team manages about $9.5 billion. About $5.5 billion is actively managed. […]