Investment Strategy

Multi-boutique model shows signs of stress

The multi-boutique model is a simple one. High quality investment professionals partner with financially strong institutions. The investment professionals focus exclusively on managing money and the institution takes care of everything else. The business is presented to market as one having all the benefits of a standalone boutique – the investment team is aligned with its […]
Investment Strategy

NAB’s Presima seeks new chief

Nick Basile is on the hunt for a replacement. The acting-chief executive of real-estate investor Presima is travelling outside Australia seeking a replacement, says a statement by Presima’s controlling shareholder National Australia Bank. Basile is a director of various units of the bank and a non-executive director of a number of National Australia Bank affiliates. […]
Investment Strategy

Lodestar Capital to shut

Lodestar Capital Partners will close down on June 30 after more than five years managing money. The Australian stock fund manager, which is 33-per-cent-owned by Nabinvest, says its main fund has outperformed the stock market by about 1 per cent a year since inception on March 1, 2007. “This has been a difficult decision to […]
Investment Strategy

Britten joins Credit Suisse (CLARIFIED)*

A clarification to this story was issued on June 28, 2011. Will Britten, CEO of BlackRock in Australia, has exited to lead the funds management arm of an investment bank. Will Britten started as Credit Suisse’s managing director and head of asset management Australia yesterday, and is responsible for growing its three business lines: alternative […]