Hedge Funds

We’re all stakeholders, says Hermes CEO

It’s not common to sit in an industry seminar and hear a chief executive utter the words, “Firstly, let me appeal to your hearts”, yet this was the central currency to Hermes CEO Saker Nusseibeh’s keynote at last week’s environmental, social and governance-themed ACSI conference. Addressing a diverse industry crowd, with several major fund CEOs […]
Investment Strategy

Eaton Vance confirms stake in Hexavest

Investment management firm Eaton Vance has agreed to acquire 49 per cent of Montreal-based Hexavest in a move with implications for the local market. Canadian money manager Hexavest has $1.5bn in assets under management in Australia with some large local clients. On completion of the transaction, Eaton Vance will assume primary responsibility for Hexavest’s new […]
Investment Strategy

Access Capital pays US$290 million for storage tanks

Access Capital Advisers, the US$3.2-billion infrastructure investor, has bought a 70-per-cent stake in LBC Terminals Jersey from Australia’s Challenger Infrastructure Fund and Challenger Life. Canberra-based Access Capital will own about 2.7 million cubic meters of tank storage facilities for bulk liquid-chemical products that have an enterprise value of US$1 billion. The 11 terminals are located […]
Investment Strategy

Greencape soft-closes fund…halfway to capacity

Challenger-backed Australian equity boutique, Greencape Capital, has soft-closed its Broadcap Fund to ensure its funds under management do not exceed $1 billion, even though there is only $550 million in the strategy at present. The Melbourne-based boutique, majority-owned by its four staff (of whom three worked together at Merrill Lynch Investment Managers) will take top-ups […]