Super funds and asset consultants provided most of the spark in the people moves over 2013 – the appointments and disappointments – as funds continued to hire but their managers were reluctant to in the face of a sluggish marketplace. An analysis by ‘Industry Moves’, a new service to be launched in the new year…
This is the last edition of Investor Strategy News for the year. The next edition of the Monday newsletter is January 6. The next edition of ‘Friday Interview’ is January 17. We wish all readers a safe and happy Christmas season. – Greg Bright
Professor Ron Bird… ‘clients usually better off if their managers do very little’ Ron Bird, still widely known in the funds management industry as “The Professor”, is easing himself towards retirement after a notable career in both funds management and academia. He speaks with Greg Bright about that career and his investment beliefs. To my…
Comment by Greg Bright An interesting new investment consulting model was presented in Australia last week: that of ‘bfinance’ of the UK, which has had a successful track record of running manager searches in Europe whereby the managers pay for the privilege of being involved. The client pension fund gets the work for free. Can…
Pictured: Ian Perkins Ian Perkins, a co-founder of Morse Consulting, is returning to the corporate world. He is to become the new head of sales and marketing for BNP Paribas Securities Services in the new year. Perkins will take the role to be vacated this week by Steve Tremelling, a 10-year BNP staffer, who has…
Pictured: Marshall Stephen Global systems provider FNZ has appointed Marshall Stephen as its new chief executive for Australia and New Zealand following the return to the UK of former Australasian boss Martin Jennings. Â Stephen, who has been involved in developing master funds and wraps since the early 1990s, starting with the Summit master fund of…
Pictured: Emmanuel Calligeris Emmanuel Calligeris, the former CIO of ANZ Global Wealth and the Optimix multi-manager fund, is to join Zurich in an asset allocation role. Calligeris headed up Otimix under several owners for nearly 20 years before leaving ANZ’s OnePath business in February this year. His departure followed the integration of the management of…
Pictured: Fiona Reynolds Six large European pension funds, led by Denmark’s national fund, ATP, have criticized the governance of United Nations’ PRI organization, and have said they will “remain outside the organization until it again lives up to basic requirements for good corporate governance”. Fiona Reynolds, the former chief executive of AIST, who moved to…
About 30 per cent of investors who use a financial advisor are at risk of leaving their current advisor, according to a report by research firm CoreData. Most of the ‘at risk’ clients had little or no recent contact with their advisors. The report was based on a survey of 1,525 advised and unadvised consumers…
Market movements and investor flows drove the Australian managed funds industry up $36.10 billion during the September quarter, according to Morningstar research. Total assets under management rose above the $1.0 trillion mark for the first time, settling at $1.02 trillion at September 30. Morningstar says the driving force behind much of this growth was positive…
