funds management

Investment Strategy

PNG gives PacWealth $1.1 billion

PacWealth Capital, a Port Moresby-based investment management and advisory firm, has been given a $1.1 billion mandate by Papua New Guinea’s National Superannuation Fund. “The mandate is evidence of the evolution of financial services in PNG that is being driven by wealth creation in a range of industries including mining,” says Ian Jenkins, PacWealth’s chief […]
Investment Strategy

Challenger acquires MIR

Challenger’s asset-management-business investor Fidante Partners has acquired Asian asset manager MIR Investment Management. Sydney-based Challenger did not disclose how much it paid for MIR, its eleventh boutique asset manager. MIR was founded by Michael Triguboff, who worked for George Soros and was a managing director at Lazard. Tirguboff started MIR in 2003. He has relinquished […]
Investment Strategy

Trilogy confident of acquiring Austgrowth assets

Cyre Trilogy Group says it does not like fights. The Sydney-based property-investment group says its effort to secure shareholder approval to replace APGF Management and become the entity responsible for four Austgrowth property-unit trusts is because shareholders have demanded it. A year ago Trilogy won control of six Austgrowth property funds, valued at about $45 […]
Investment Strategy

Asset manager Pain makes big calls

When Jonathan “Jonty” Pain was growing up in apartheid South Africa, he shocked his father by leaving the nation’s most prestigious all-white male boarding school, Hilton. Pain wanted to go to the multi-ethnic school, Waterford in Swaziland. But the school was dismissed by his father as a hangout for “drug addicts and hippies”. Against his […]
Investment Strategy

BlackRock: market volatility here to stay

BlackRock Inc., the world’s largest asset manager, does not expect markets to return to low volatile, highly liquid conditions that characterised markets before 2008. “Portfolios today must be more dynamic and more diverse than ever before,” says Michael McCorry, head of BlackRock’s Australian scientific active equities business in a statement. “It is unlikely we will […]
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

Sandon Capital – rebel with a cause

When Gabriel Radzyminski was still in high school he rang up the company secretary of a mining company that was issuing stock to one shareholder at a discount. “The company secretary told me they were entitled to do this,” recalls Radzyminski. “They didn’t do anything wrong but I was peeved.” Radzyminski is making a career […]
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