On the eve of its Australian conference, the global Alternative Investment Management Association has produced a new set of policy principles in relation to the regulation of capital markets, which updates the principles announced in 2009 in response to the global financial crisis. The four main categories addressed in the new principles are: Improving investor…
(Pictured: Ron Bird) The growth and size of the financial sector in developed nations – a trend dubbed ‘financialisation’ – are the subjects of increasing interest and some concern among regulators, academics and policy makers. The issue will be dissected at next month’s annual conference of the Paul Woolley Centre at UTS in Sydney. The…
The boss of a mid-size US-based hedge fund of funds, called Common Sense Investment Management, has been caught up in a police sting on a prostitution ring. James Bisenius, the CEO and CIO of the US$2.9 billion Oregon-based manager was arrested along with eight other men on charges of patronizing prostitutes, as part of a…
(Pictured: Stewart Brentnall) ANZ Wealth’s OnePath multi-manager offering and other investment processes across its Australian, New Zealand and Asian businesses have been centralised into a single CIO function of five divisions, following the ANZ’s termination of its relationship with ING last year. At the time, Stewart Brentnall was appointed Global CIO for ANZ Wealth. The…
(Pictured: James Norman) QS Investors, the top-down global manager, has launched an Australian-domiciled emerging markets fund, as investors are taking a second look at the asset class following the recent correction. QS Investors, which already has about A$1 billion in Australasian-sourced investments, offers an alternative to fundamentals-driven stock selection in these markets. The firm concentrates…
Chris Davies, the chief operating officer at UniSuper, will step up to a CEO role and Ben Samild, the well-regarded investment manager at industry fund LUCRF is to join the Future Fund in a yet-to-be-specified capacity. Davies is set to replace the retiring Martin Crowe at the $11 billion Telstra Super after a lengthy search….
(Pictured: Amanda Field) A benefit of a low-return environment is that investors tend to put a lot more emphasis on analyzing the efficiency of their implementation actions and assessing their decision-making processes. They should do this in good times too. One of the tools which is increasingly being used in Australia and elsewhere is the…
(Pictured: David Collins) Nikko Asset Management is further integrating its business support functions with that of its Australian subsidiary, Tyndall Asset Management, with the establishment of a new position of global group marketing and communications. David Collins has joined Nikko in Tokyo from Hartford Financial Services Group. He was formerly a television producer and has…
(Pictured: Ken Froot) The global investor sentiment index has dipped again with Asian investors adopting a new pessimism in July. The State Street Investor Confidence Index slipped from 107.7 to 105.1, but State Street says that, given the turbulence in some markets, investors have broadly maintained their stance on risk. Asian confidence fell from 100.6…
NAB Asset Servicing has won a tender for the outsourcing of more than $20 billion of backoffice custody and administration by Suncorp Life, including the old Asteron business, and will proceed with a “lift and shift” of the Sydney-based operation. The tender, administered by PwC, came down to two competing outsource models. NAB will uplift…
