Delegates swayed by equity manager

A leading equity manager persuaded delegates of the virtue of relatively high equity holdings in superannuation portfolios. At the start of this session, Justin Wood of Vinva Investment Management asked delegates to consider if members’ investments outside of super should be considered when setting a default investment strategy. The initial feedback from the audience was […]
Investment Strategy

2013: another 3D feature

A year ago, in early 2012, the global economy was healing gradually. Growth rates in the developed world and some emerging markets were well below the long-term averages, if not actually negative. Investor confidence was fragile, with sentiment overshadowed by concerns over the banking system and public finance in the euro area. So, what has […]
Investment Strategy

Eaton Vance confirms stake in Hexavest

Investment management firm Eaton Vance has agreed to acquire 49 per cent of Montreal-based Hexavest in a move with implications for the local market. Canadian money manager Hexavest has $1.5bn in assets under management in Australia with some large local clients. On completion of the transaction, Eaton Vance will assume primary responsibility for Hexavest’s new […]
Investment Strategy

Brian Henderson to leave Perpetual

Brian Henderson, the executive in charge of marketing and communications at Perpetual will leave the $23-billion asset manager. Henderson, a Canadian, will return to his homeland, possibly to Toronto, for “family reasons,” according to a Perpetual spokesman. He joined Perpetual in June 2011 and is responsible for developing marketing and advertising. “He will be still […]
Investment Strategy

NAB’s Presima seeks new chief

Nick Basile is on the hunt for a replacement. The acting-chief executive of real-estate investor Presima is travelling outside Australia seeking a replacement, says a statement by Presima’s controlling shareholder National Australia Bank. Basile is a director of various units of the bank and a non-executive director of a number of National Australia Bank affiliates. […]