fund management

Hedge Funds

Academic study favours smaller fund managers

A desire for diversification is diluting the best ideas of active managers, shows a study carried out by Professor Ron Bird, a director of the Paul Woolley Centre. A study of stocks held by US mutual funds from 1995-2012 has led Bird to the conclusion that many would be better off sticking to their best […]
Investment Strategy

Bryan Gray’s flexibility at JPMorgan

Bryan Gray, in charge of JPMorgan’s custody sales and customer relationships in Australia and New Zealand, has three women working flexible hours for him as relationship managers. By lore, relationship managers are on call 24 hours a day, seven days a week. But Gray seems remarkably liberal about working hours. “They have great relationships with […]
Investment Strategy

Access Capital pays US$290 million for storage tanks

Access Capital Advisers, the US$3.2-billion infrastructure investor, has bought a 70-per-cent stake in LBC Terminals Jersey from Australia’s Challenger Infrastructure Fund and Challenger Life. Canberra-based Access Capital will own about 2.7 million cubic meters of tank storage facilities for bulk liquid-chemical products that have an enterprise value of US$1 billion. The 11 terminals are located […]
Investment Strategy

Zeptonics to revolutionise securities trading

In the Sydney offices of Zeptonics near Circular Quay, books by the Dalai Lama sit alongside those by Isaac Asimov. Like the famed science-fiction writer, Zeptonics’s staff is dreaming of new technology that will revolutionise trading on Wall Street, hoping it is seamlessly adopted by asset managers, brokers and high-frequency traders. Today Zeptonics unveils its […]
Investment Strategy

Super fund, Omega start sustainable bond investing

Omega Global Investors, a fixed-income asset manager, has won a $170-million mandate from Local Government Super to invest in sustainable assets. The $6-billion superannuation fund and Melbourne-based Omega have developed a strategy over nine months to make bond investments along environmental, social and governance lines that seek to reinforce the United Nations-backed Principals for Responsible […]
Investment Strategy

Private equity beats the stock market

Private-equity returns have outperformed investments in the stock market over the past decade, according to Cambridge Associates’ Australia Private Equity and Venture Capital Index. In the 10 years to December 31, 2011, Australian private-equity net returns were 7.5 per cent per annum. The S&P/ASX 300 Accumulation Index rose 6.1 per cent per year during the […]
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