Blue Orbit Asset Management, a new Melbourne-based boutique equities manager, has snared a highly regarded specialist chief operating officer, Lewis Bearman, to take on that role with the firm from next week, August 4. He has 34 years of experience as a COO at three major funds management firms. The new position follows the launch…
In an overdue attempt to improve how co-mingled superannuation investment categories are presented to the general membership base, David Bell, a former fund manager and fund CIO who now runs the Conexus Institute, has called on the industry to comment on a working group’s recent deliberations on standardisation. He said last week (July 23) that…
Asset servicing contracts between big super funds and fund managers and their custodian banks are getting increasingly complex. Drew Vaughan, a specialist consultant in the space, recently oversaw a new contract between TelstraSuper and its incumbent provider, J.P. Morgan, in a competitive tender process. Assessing new services was an important part of this process. The…
Melinda Clarke, the much-loved former industry events organiser, passed away on July 12 after a two-and-a-half-year battle with cancer. More importantly, she was the much-loved wife of Jason Clarke, an investment industry entrepreneur, and the mother to their three young children: Maya, Martell and Hendricks. She was only 42. A virtual ‘celebration of life’ service…
Yarra Capital, the diversified Melbourne-based equities boutique, is building an impressive and experienced board, with the latest appointment announced last week (July 20). It is Mark Lazberger, who was most recently the chief executive of the former Colonial First State Global Asset Management (now First Sentier Investors, owned by Mitsubishi UFJ Financial Group). Lazberger, who…
by David Chaplin AMP Capital cleaned-out its top ranks in Australia last week that included the exit of its well-respected head of real estate, Carmel Hourigan. In a statement, AMP Capital said, along with Hourigan, the leadership shake-out would also see the departures of three other executives. The three others to depart are: Adrian Williams,…
The industry-owned Depository Trust & Clearing Corporation (DTCC), the post-trade infrastructure for much of the global financial services industry, has announced its ‘Margin Transit Utility’ (MTU) community has grown to 50 firms representing thousands of ‘credit support annexes’ (CSAs). Users include dealer and buy-side organisations around the world. Given recent and continuing market volatility, as…
Comment by Greg Bright Liberal backbenchers Andrew Bragg, a Victorian-born NSW senator, and Tim Wilson, the member for Goldstein in Victoria and, interestingly, a former human rights commissioner, both appear hell-bent on destroying any chance of bipartisanship over Australia’s superannuation system. You could also say they both appear hell-bent on destroying the whole system. A…
In his annual detailed forecast of markets, managers – and their styles – which this year involves many uncertainties, Peter Warnes, Morningstar Australia’s head of equities research, told the firm’s clients to “remain cautious and increasingly vigilant”. While the current situation is different from anything seen in recent memory, there are insights to be gleaned…
UBS Wealth Management last week (July 17) launched its annual ‘Global Family Office Report’ for 2020. The big fund manager and global bank surveyed principals and executives in 121 single-family offices around the world. Those family offices handle an average total family wealth of US$1.6 billion. This represents a significantly larger dataset than that of…
