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Investment Strategy

A century of ASX ETFs

ASX, the owner and operator of the Australian stock market, expects 100 exchange traded funds (ETFs) by June 2013. “I’d be surprised if we weren’t at 100 by this time next year,” says Richard Murphy, general manager of capital markets at ASX. “There is not one big Australian fund manager not looking at ETFs.” Still, […]
Investment Strategy

Bennelong Funds hires CFO

Bennelong Funds Management, the boutique fund-management group, has hired Jeff Phillips as its chief financial officer. At Melbourne-based Bennelong, Phillips will head a finance team that has recently expanded. Hamish Wood, formerly a finance manager at GLG Partners in London, is now group-finance manager. Nicole Hammond is the senior fund accountant. She worked at consultants […]
Investment Strategy

Sam Berridge joins Perennial

Perennial Value Management Ltd., the $19 billion-asset manager, has hired Sam Berridge as a resources analyst concentrating on researching small mining companies. Berridge is part of a Perennial Value Small Companies team and started work at the company on April 30, a statement says. He was previously a metals and mining analyst at Royal Bank […]
Investment Strategy

GMO shuts down Australian stock-investment team

Grantham, Mayo and Van Otterloo & Co. (GMO), the 35-year old Boston-based asset manager, has closed its Australian stock-investing unit with the loss of an unknown number of jobs. The GMO Australian Equities Trust had $198 million invested and its Small Companies Trust had $7.5 million invested as of March 31, according to the Australian […]
Investment Strategy

Sustainable Growth Advisers wants sustainable funds

Australia’s $1.4 trillion of superannuation money is proving irresistible to foreign funds. Sustainable Growth Advisers LP, a Stanford-Connecticut based US$3 billion asset manager, is speaking with consultants Jana and Frontier as well as MLC as it seeks to launch product that will appeal in part to Australian pension funds. “The Australian market lends itself to […]
Investment Strategy

Platypus’ genesis in early responsibility

In 1990 Don Williams’ father died. Williams, then a soft-commodities analyst at AMP, was suddenly thrust into the role of asset manager for his recently widowed mother who inherited 5000 acres of property, the majority of which was planted with cotton. The Wee Waa native sold land and machinery to pay off debt, leased other […]
Investment Strategy

Peter Morgan, market animal

Peter Morgan was sitting all alone to one side of a lecture hall at Melbourne Business School. He had just spent two days on Bells Beach and his skin was a dark brown that contrasted strikingly with his sun-and-salt bleached blond hair. When it came time for Morgan to address an audience of finance and […]
Investment Strategy

Perennial Real Estate wants more

David Kivell has been managing director at Perennial Real Estate Investments for less than two months. But he has grand visions. Kivell, who oversees an investment team of 11 people that manages $1.4 billion in publicly traded or soon to be traded property stocks, wants to bolster funds under management to as much as $6 […]
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