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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

Investit: sell more of what you’re good at

The most successful Australian asset managers are those who manage their cost-to-income ratios at 55 per cent or less, according to a survey by consultants Investit. Australian asset managers are among some of the best run fund-management businesses in the world and for a short-time may enjoy not having to take into account new regulations […]
Investment Strategy

Northern Trust leverages Future Fund expertise

In 1993 Northern Trust’s Steven Fradkin was looking for office space in Sydney. He liked the potential growth of Australia’s mandated-pension-fund market, but wasn’t certain that custodians could meet the demands of Australian tax and foreign investment-fund reporting in a quality way. “The market has always been attractive,” says Fradkin. “It is a more complex […]
Investment Strategy

Regulatory changes require local expertise

Tora, the software trading platform, says hedge funds want integrated trading solutions that incorporate risk and compliance amid a backdrop of new investment products and regulatory change. Robert Dykes, Tora’s chief executive, says changes in market structures in Asia means that many asset managers are recognising the need to have their personnel based in the […]
Investment Strategy

BlackRock: market volatility here to stay

BlackRock Inc., the world’s largest asset manager, does not expect markets to return to low volatile, highly liquid conditions that characterised markets before 2008. “Portfolios today must be more dynamic and more diverse than ever before,” says Michael McCorry, head of BlackRock’s Australian scientific active equities business in a statement. “It is unlikely we will […]
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

AMP moves Brookfield out, Hoult, Pavnica in

AMP Capital has ended its three year joint venture with Brookfield Asset Management and has hired a head of global listed property investment as well as others for its real estate and infrastructure investment teams. The asset management unit of AMP says Matthew Hoult, formerly chief investment officer of global property at BNP Paribas Investment […]
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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