jpmorgan

Hedge Funds

Internal management to become the norm at large funds

No pension fund in the world has yet insourced the entirety of its fund management or is planning to do so, shows analysis from JPMorgan. Benjie Fraser, managing director and global pensions executive at JPMorgan, speaking at an Investment Management Consultants Association (IMCA) seminar tracked the steady growth in the world’s largest pension funds to […]
Investment Strategy

Magellan goes with Northern Trust

Listed-fund manager Magellan Asset Management has cited experience with Ireland’s Undertakings for Collective Investment in Transferable Securities (UCITS) framework as a key reason in the appointment of Northern Trust as its new custodian. Northern Trust was appointed after a competitive process, replacing former custodian Merrill Lynch. Magellan, which has around US$6.7 billion in funds under […]
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

NAB’s Watson says local strength attracts clients

Leigh Watson, executive general manager for asset servicing at National Australia Bank, is filling a page with doodles with his employer at the centre. Watson, head down, drawing neat boxes on the paper in front of him, rejects suggestions Australia’s biggest custodian is losing its grip on its customers following decisions by QSuper and SunSuper […]
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

State Street custody juggernaut rolls on

In 2009 Ian Martin was put in charge of State Street custody business. The Boston-based firm wasn’t happy with the way that business was performing in Australia. Three years later in the “Balmoral” conference room at State Street’s Sydney offices on George Street, Martin and his head of sales Greg O’Sullivan can barely contain their […]
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