bank’s

Hedge Funds

Finance companies back in favour

BlackRock has identified finance companies as the strongest sector bet in a global equities market artificially inflated by quantitative easing. Ewan Cameron Watt, chief investment strategist of the BlackRock Investment Institute, who met with investors in Australia over the past few days, has flagged the impending rise in US interest rates as boosting profit margins, […]
Hedge Funds

Ridout: not enough infrastructure projects

It’s a shortage of projects, not capital, that’s impairing Australian infrastructure, according to AustralianSuper chair Heather Ridout. Speaking at the Australian Centre for Financial Studies’ Funding Australia’s Future Forum, she said industry superannuation funds are best placed to invest in Australia’s infrastructure. “Industry funds are ideal vehicles because we have a relatively more passive investor […]
CMSF

Super fraud on the rise

Payment interception by male internal staff in non-management positions represents the biggest risk of fraud for superannuation funds, KPMG’s biennial fraud survey has revealed. The profile was created from a survey of 281 financial services organisations who had detected $372.7m worth of fraud in the last two years. Three quarters of this fraud was committed […]
Investment Strategy

Finance jobs scarce, except in compliance and risk

Wealth advisers, compliance and risk management departments at financial companies are expected to continue to hire amid muted demand for banking and financial services workers in the second quarter, a report from recruitment consultants Robert Walter says. Struggling European markets, higher funding costs and a cautious recruitment approach by companies is dampening hiring, according to […]
Investment Strategy

Pierre Jond expects BNP Paribas custody wins

When Frenchman Pierre Jond’s daughters first arrived in Australia in January 2010 he took them to Bondi Junction. There his eldest tugged at her father’s sleeve to attract his attention. “Papa there are men barefoot and shirtless; aren’t the police going to do anything?” Jond laughingly recalls his daughter saying in French. Jond, like his […]
Investment Strategy

Custody isn’t all about price, says First State

Custodians should present information in a simplified way so that trustee fund boards can make decisions promptly, says Graeme Arnott, chief operating officer at First State Super. “Custodians must de-emphasise price and emphasise services,” says Arnott, a former custodian himself. Arnott says he wants “healthy competition” and isn’t fixated on price when deciding on custody […]
<1of2>