Investment Strategy

Northern Trust leverages Future Fund expertise

In 1993 Northern Trust’s Steven Fradkin was looking for office space in Sydney. He liked the potential growth of Australia’s mandated-pension-fund market, but wasn’t certain that custodians could meet the demands of Australian tax and foreign investment-fund reporting in a quality way. “The market has always been attractive,” says Fradkin. “It is a more complex […]
Investment Strategy

J. P. Morgan hires to boost treasury services

J.P. Morgan Chase Bank has hired six new staff for its treasury services unit as it seeks to take business away from Australia’s biggest banks by selling global financial products to companies. The New York-based bank by the end of the year will have spent about $4.3 billion globally since 2009 on treasury and securities […]
Investment Strategy

Opinion: Finance and the greater good

Until last week I had never heard the words “greater good” come out of the mouth of someone in finance. “Doing good” was defined bizarrely by one person, who will remain nameless, as ensuring asset managers paid the least for their trades. The general partners at venture capital firm OneVentures define “the greater good” as […]