David Clarke The hedge fund industry is concerned about the increasing frequency and severity of cyber attacks, especially in the US, and is about to publish a paper on the subject. Meanwhile, a big Australian manager, QIC, has just taken out insurance against cyber attacks for its US operation. The Alternative Investment Management Association (AIMA)…
Alistair Rew Just as technology is disrupting most industries, so it will disrupt the main participants in the investment management industry. Hedge fund managers, though, by there nature should be nimble enough to thrive in the future. The final session of last week’s AIMA Australia Hedge Fund Forum – with a panel of six investors…
Raewyn Williams New Parametric research shows a marked difference in return enhancements when comparing super funds using a specialist implementation manager versus a backoffice custodial solution to manage the tax impact of investing. “More funds are turning to questions of ‘how,’ and ‘who’ can help them to fulfil their legal obligation to focus on after-tax returns,”…
Geoff Wilson With the kick-start of a lazy $3 million from Geoff Wilson’s family foundation, the Future Generations Global listed investment company, which debuted on the ASX last Thursday, attracted a glittering array of celebrity investors. It also attracted some mental health and other charities as shareholders. The LIC sponsored by Geoff Wilson’s Wilson Asset…
Johan Carlberg AMP Capital has given a big leg-up to the Australian equities boutique Alphinity Investment Management through its Specialist Australian Share Fund’s $650 million domestic shares allocation. It has redeemed the mandate with its own fundamental long/short fund, following some staff moves, to fund the Alphinity mandate. The AMP Capital Multi-Asset Group, which manages money across…
Amanda Gillespie and Vanessa Stoykov Several media companies have flirted with trying to use their audience reach to enter funds management. David Koch blew about $30 million in a failed attempt in the dotcom boom and Fairfax bought an online managed funds distribution business only to sell it back to its founder some years later….
Graham Ansell ANZ Wealth has looked in-house to fill two new fixed interest roles created as its Auckland-based team assumes broader responsibility for the bank’s Australasian investments. ANZ has shifted its entire Australasian fixed income unit to Auckland under a revamp of its approach to managing trans-Tasman assets. According to an ANZ spokesperson, the new…
John Bennett National Australia Bank is conducting its biennial foreign exchange survey of big super funds and other asset owners with a view to publishing the results in November. The bank, which offers passive hedging strategies for clients, couldn’t have picked a better time. According to John Bennett, NAB’s general manager, Global FI Sales and…
Philippe Jordan Capital Fund Management (CFM) is to launch a diversified alternative beta fund in Australia – the latest liquid alternatives product to hit the market – capitalising on increasing demand for a plethora of smart beta strategies. The Paris-based manager is highly quantitative, boasting a mix of physicists and mathematicians alongside traders at all…
Michael Hanson-Lawson It’s not just in the general media but also in the investment world: Russia gets a lot of bad press. And, of late, the press couldn’t get much worse. Sanctions are biting the economy and the rouble has plummeted. Meanwhile, Vladamir Putin remains steadfast in his aggressive stance to his neighbours and the…
