finance

Investment Strategy

Sim Corp: transparency pressures building

Pressure from regulators and investors on asset-management companies to improve the transparency of their reporting will only increase, says Peter Hertel, an executive at financial software company Sim Corp. “There is pressure to provide information to investors as if they have invested directly,” says Hertel. Many investors, including Australian superannuation funds, invest in pooled groups […]
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

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 […]
Investment Strategy

The man brokers, asset managers must thank

James Spenceley may be the most important man in asset management and stockbroking in Australia many have never heard of. Spenceley’s Vocus Communications has laid 140 kilometres of fibre optic in Brisbane, Melbourne and Sydney. Some of it is in Sydney links the finance community with Chi-X Australia Ltd. and ASX Group’s Gore Hill data […]
Investment Strategy

ASIC wants “bad apples” out of finance

The Australian Securities & Investments Commission wants to ensure “bad apples” in finance are culled. The regulator, that enforces company and financial services law, is seeking to be more assertive. ASIC will have a “proactive, regulatory approach,” says commissioner Peter Kell. Regulators will be “more forward looking” in addressing risk. Kell, citing an ANZ survey, […]
Investment Strategy

Clarius hiring findings dire

Hiring in asset management in the first half of this year is expected to be stagnant but there may be cause for optimism in the second half, a study by employment firm Clarius Group says. There was no recruitment in the Christmas-New Year period. In February there has been very “moderate requirement,” says Paul Barbaro, […]