sydney

Investment Strategy

Challenger acquires MIR

Challenger’s asset-management-business investor Fidante Partners has acquired Asian asset manager MIR Investment Management. Sydney-based Challenger did not disclose how much it paid for MIR, its eleventh boutique asset manager. MIR was founded by Michael Triguboff, who worked for George Soros and was a managing director at Lazard. Tirguboff started MIR in 2003. He has relinquished […]
Investment Strategy

Trilogy confident of acquiring Austgrowth assets

Cyre Trilogy Group says it does not like fights. The Sydney-based property-investment group says its effort to secure shareholder approval to replace APGF Management and become the entity responsible for four Austgrowth property-unit trusts is because shareholders have demanded it. A year ago Trilogy won control of six Austgrowth property funds, valued at about $45 […]
Investment Strategy

Eight Investment Partners’ growing pains

Building boats is somewhat of a tradition in the Steele family. Rick Steele, the chief executive of Eight Investment Partners, and his brother made sailing dinghies growing up on the banks of Tasmania’s Tamar River. Their father constructed a boat out of Celery Top Pine. Now Rick Steele wants to build an asset management firm […]
Investment Strategy

First Super invites Tony Abbott to board meeting

First Super, the $1.6 billion fund, has invited Tony Abbott to attend its board meeting in March or June to give the leader of the opposition experience of how employer-employee industry superannuation fund boards work. First Super co-chair Alan Stewart says the invitation to the opposition leader came about as a result of Abbott’s criticism […]
Investment Strategy

AGF to host superannuation funds in New York

Canada’s AGF Management, which manages about $45 billion, has opened a Sydney office that will seek to attract Australian superannuation and individual investors into its funds. As part of its efforts to attract money, Toronto-based AGF will host 12 Australian superannuation funds in May in New York. There it will present details of its investment […]
Investment Strategy

Southeastern opens Sydney office

Doug Burton has opened an office for Memphis-based Southeastern Asset Management in Sydney. The $31 billion asset manager has one New Zealand and two Australian customers who have given $1.4 billion to Southeastern. The firm typically buys stocks that trade at a 40 per cent discount to their intrinsic worth, often taking stakes of as […]
Investment Strategy

Greg Matthews is number one

In 2000 Greg Matthews was fed up: sick of Macquarie Bank where he was chief investment officer, tired of reporters ringing him asking him what stocks he had bought and sold. Matthews needed space. He needed time to think so he could pick the right stocks. He wanted time to analyse his investment strategy. He […]
Investment Strategy

Hastings is bullish on debt, infrastructure

The executive director of alternative debt at $6.7 billion Hastings Funds Management expects the Australian debt market to no longer be the purview of the country’s banks. Steve Rankine reckons the local bond market will open up to a broader investor base. He says higher equity levels demanded by the Bank of International Settlements will […]
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