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(pictured: David Gallagher) The Centre for International Finance and Regulation (CIFR) has thrown its support behind the after-tax management movement, with new research showing the detrimental impact tax can have on active manager alpha. The study also reveals some surprising results. Broad-market equities funds tend to suffer the most from tax losses, according to the study,…

(pictured: Arif Joshi) From Lazard Asset Management’s Rockefeller Center office overlooking Central Park and much of Manhattan, Arif Joshi calls the shots, with partner Denise Simon, on investing in the 70-odd emerging countries which issue bonds. Joshi, Lazard managing director and portfolio manager, thinks of investing in EM debt as the intersection of finance and political…

(pictured: Rusty Johnson) For all big super funds, or any investor trying to mimic their strategies, what you do about currency is arguably your biggest investment decision. And you cannot not make it – doing nothing is not an option. With emerging markets, that decision becomes a bit more interesting. Rusty Johnson, head of emerging markets…

(pictured: Pete Cherecwich) Northern Trust is to open a Sydney office for asset servicing following its purchase of London-based institutional broker Aviate Global. The expansion follows a period of strong new-business growth in Australia in the provision of both back and middle-office solutions. Pete Cherecwich, Northern’s Chicago-based head of global fund services, said in Sydney last…

(pictured: David Travers) RBC Investor & Treasury Services, the only master custodian in Australia which specialises in working for fund managers, has celebrated 15 years of operations here with its reappointment by Perpetual after a review. The deal caps off a good period for RBC, which acquired Perpetual’s fund services business and launched itself in Australia…

(pictured: Graham Harman) Australia, New Zealand and India represent relative bright spots in the Asia Pacific region according to the latest quarterly global markets outlook from Russell Investments. While the firm is still predicting a soft landing for China, it says: “if there is a year when sceptics will be proven correct, this is it”. The…

by Greg Bright The liquidator to van Eyk Research appears to have done a good-enough job to date, for a healthy fee of course, but creditors will only get some money if various legal actions are successful, according to the latest report from Pitcher Partners. The demise of van Eyk Research (the dominant advisory and…

(pictured: Grant Hassell) AMP Capital has dropped the minimum investment for direct access to its range of 24 funds from NZ$100,000 to NZ$2,000 as it tests out demand in the non-advised retail market in New Zealand. The manager is capitalising on its SMSF capabilities built up in Australia for the new marketing initiative. Grant Hassell, AMP…

by Alice Breheny* (pictured) If you had to identify 26 trends that real estate investors need to bear in mind for Tomorrow’s World – each matched with a different letter of the alphabet – what would you see? A resultant theme is that investors should be thinking differently. As an institutional property investor we want…

(pictured: Simon Tyler) The latest custody tender battle – that for the assets of the Crown Financial Institution (CFI) in New Zealand – has ended in victory for the incumbent, JP Morgan. The assets under administration total $NZ6 billion ($A5.37 billion). Following a tender process launched in the middle of last year, JP Morgan was reappointed…