joint ventures

Hedge Funds

Unlisted managers turn into partners for large funds

A growing list of demands by large institutional investors when investing with unlisted asset managers is making them increasingly picky in their partners. Alignment of values, co-investments, joint-partnerships, strategy caps and fees that reduce with scale were all cited as essential by portfolio managers speaking at the Conexus Financial Private Assets Conference. Barry Brakey, head […]
Investment Strategy

New Nikko CEO ever acquisitive

Charles Beazley, the soon-to-be chief executive of Nikko Asset Management, has a personal story of rejection. Henry Jenner was consecrated Anglican bishop of Dunedin, New Zealand, in 1866. The prospective congregation feared the new clergyman was a papist. Shunned by the locals, Jenner had no choice but to return to England. The man’s ancestor is […]
Investment Strategy

AMP’s Stephen Dunne seeks Asian partners

Last year AMP Capital’s managing director Stephen Dunne had a headache, albeit a pleasant one. From December 2010 Japan’s biggest publicly traded bank, Mitsubishi UFJ Financial Group, had made it clear to Dunne that if the two companies were going to have a relationship, the Tokyo-based company had to have a stake in AMP. But […]
Investment Strategy

QIC talks with Chinese, Korean funds

QIC is exploring potential co-investment opportunities and business joint ventures with Chinese and Korean sovereign wealth funds. Adriaan Ryder, QIC’s chief investment officer, is in regular contact with his Asian counterparts discussing the issues of the day. The Brisbane-based fund, which has about $60.6 billion in assets under management, is also informally advising Chinese and […]