(pictured: Kumar Palghat) Kumar Palghat, the co-founder and head portfolio manager of Australian-based bond manager Kapstream, will become the head of global fixed income at the merged US$320 billion Janus Henderson Global Investors. Theoretically, at least, he will be Bill Gross’s boss. The proposed merger of Henderson Group and Janus Capital Group, announced early last…
(pictured:Â Graham Hand) Graham Hand, the publisher of the influential Cuffelinks investment newsletter, made a compelling case at the annual Paul Woolley Centre conference in Sydney last week that, contrary to what many people have predicted, the funds management industry is unlikely to see an “Uber-style” disrupter to the business. The conference, at the University of…
(pictured:Â Laurence Wormald) Special report: The evolution of Australia’s superannuation industry has had many twists and turns. Many of them have been of a policy or regulatory nature, but some major trends have reflected demographic and market shifts. Take the insourcing of investment management capabilities as an example. Each of the top 10 not-for-profit super funds…
(pictured: Paul Woolley)Â Paul Woolley, the former GMO fund manager and founder of the Centre which bears his name, believes that market-cap benchmarks cause “chronic mispricing” and impair fund performance. Woolley told the annual conference at the University of Technology Sydney last week, that market-cap benchmarks “cause inversion of risk, short-termism, momentum trading, bubbles and…
New Zealand’s A$32 billion billion Accident Compensation Commission (ACC) fund is looking to bolster its global shares team with in-house management now accounting for about 20 per cent of the asset class. According to an ACC spokesperson, the fund plans to hire two more global equity analysts this year to join the duo of Zlatko…
The New Zealand Superannuation Fund (NZS) scaled back its holdings of New Zealand equities by almost NZ$500 million (A$480 million) over the 12 months to June 30 this year, the latest annual accounts show. According to the NZS annual report, the approximately $30 billion fund held close to NZ$1.5 billion in NZ equities as at…
(pictured:Â Chris McGibbon) Institutional investors are boosting their allocations to property and other ‘real’ assets in the face of low and even negative yields, TH Real Estate told a media roundtable last Friday. The roundtable featured country heads from TH Real Estate’s UK, US and Australian businesses, as well as its global head of debt, Jack…
(pictured: Andrew Formica and Rob Adams)Â The Henderson Group and Janus Capital Group proposed merger announced late yesterday will make for a company with a better global reach managing a combined US$322 billion. Henderson’s Pan Asia executive chair, Rob Adams, will become head of Asia Pacific in the combined operation. The US-headquartered Janus has US$195…
(pictured:Â Ian Martin) By Greg Bright State Street has re-joined the positions of head of Global Services and Global Markets in Australia and New Zealand, making Paul Khoury, the most senior person dedicated to custody, redundant in a restructure affecting responsibilities throughout the region. Khoury was promoted to head of Global Services for Australia and New…
(pictured: Lou Mairuri) The term ‘big data’ may be old hat but the revolution which it tried to describe appears to have, if anything, reached a fever pitch. All industries are digitalising, not the least being finance and investments. In the investment world as the revolution plays out there are already many casualties and there…
