Investment Strategy

JP Morgan continues with HESTA

JP Morgan’s Australian head of custody sales, Bryan Gray, is anticipating a wave of custody reviews from superannuation clients in the second half of 2013, after funds navigate the transition to the MySuper regime. Yesterday JP Morgan was confirmed as the custodian for the $21-billion HESTA superannuation fund, which represents the health and community services […]
Investment Strategy

Rugby helps PacWealth land $1.1-billion mandate

In 2009 Adam Hill was in Papua New Guinea, working in a Port Moresby accountancy office by day and coaching rugby union by night. Then the country’s national team the Pukpuks, or crocodiles, called. They didn’t want a coach. The Pukpuks wanted Hill, who had played more than 100 first-grade games for Sydney rugby club […]
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

IFM gets $100 mln mandate to crimp carbon

Industry Funds Management (IFM) has won a $100-million mandate from health and community services industry superannuation fund HESTA, which wants its Australian stock investments to produce as little carbon dioxide as possible. Melbourne-based IFM, which manages about $33 billion, says it can measure carbon dioxide in its portfolio with the help of Morgan Stanley Capital […]
Investment Strategy

Colonial wins $1.3 billion mandate from UniSuper

Colonial First State Global Asset Management has won a $1.3 billion domestic fixed income mandate from UniSuper. The mandate is for government and semi-government bonds and was secured through a competitive tender, says Warren Bird, co-head of global fixed interest and credit at Colonial. “Institutional investors are seeking solutions which balance outcomes with appropriate research, […]
Investment Strategy

Leicestershire gives IFM 35 million pound mandate

Industry Funds Management, which manages about US$32 billion, says the U.K.’s Leicestershire County Council Pension Fund has given it a 35 million pound mandate to invest in infrastructure. “This mandate is a significant milestone for IFM,” Christian Seymour, IFM’s head of infrastructure Europe, says in a statement. Melbourne-based IFM manages about US$10 billion in infrastructure […]