After several years of insourcing big parts of their investment portfolios it is now clear that the process can add value for super funds, according to Damian Moloney, the chief executive of Frontier Advisors. Commenting on the recent news that the US$35 billion Harvard Endowment was to outsource most of its investments, making redundant more…
It’s been a long time in the making but, finally, Martin Currie Investment Management has launched a global developed markets big-cap version of its popular Asian ‘long-term unconstrained’ fund. The new fund is a pure match blending sustainability and growth. The Legg Mason Martin Currie Global Long-Term Unconstrained Fund, as it is called, is a…
Martin Currie has been investing in China for many years, with considerable success, from its home town of Edinburgh. In the past few years it has also been looking to set up shop there. That is easier said than done. According to Willie Watt, Martin Currie’s chief executive, the funds management industry in China is…
Private debt investing is not exactly new. It is, however, enjoying a renaissance around the world as market conditions and the changing appetites of institutional investors have combined to focus attention on the alternative asset class. Interest rates are rising, valuations are stretched and the demographic shift to retirement is demanding yield-providing investments as well…
Australian ex-pat fund manager Chris Ryan has resigned from his position as managing director and head of Asia Pacific for MSCI Inc, based in Hong Kong. A search is underway for a replacement. Ryan, who had been in the position since September 2012, left the firm last month. Although a long-time Hong Kong resident, he…
NAB’s New Zealand subsidiary BNZ has joined the post-Financial Markets Conduct Act (FMC) product renaissance with the launch of a new range of funds under its own banner. It is blending inhouse strategies from MLC and JANA with other external managers. And for the first time, too, BNZ will provide direct access for NZ investors…
Ultra-high-net-worth advisory groups Escala Partners and Family Office Research & Management have merged to form a national consulting firm with an estimated $4 billion under advice. They will soon be joined by another eight advisors from Deutsche Bank. Pep Perry, Escala chief executive and co-founder, said last week that a new Sydney office was being…
by Greg Bright She will be a hard act to follow. Not since the late Mavis Robertson has an industry association’s chief executive had such an impact – such an impact on such an important industry. It is difficult to imagine, but Andrea Slattery is leaving the building. The SMSF Association founder and chief executive…
For CI Financial, the new controlling shareholder of multi-affiliate manager Grant Samuel Funds Management, Australia represents one of its three most important markets for growth. More local acquisitions and a roll-out of new products and strategies can be expected. The acquisition of 80 per cent of GSFM last year was the first significant move by…
by David Chaplin PIMCO’s former man in New Zealand, Tony Hildyard, is roaring back into the market with the launch of a new NZ$200 million-plus global fixed income fund managed by his ex-employer. Hildyard said the new fund, to be marketed under the recently-established Hunter Investment Funds brand, was the first PIMCO-managed product structured specifically…
