BGL Corporate Solutions, a leading developer of ASIC corporate compliance and SMSF administration software and systems, is “incredibly concerned” by ASIC’s ‘Are SMSFs for you?’ letter to self-managed fund trustees. In a statement last week, on October 24, Ron Lesh, BGL’s managing director, said: “The document, in our opinion, contains numerous calculation and logic errors….
It’s always a good sign when a senior funds manager retains some elements of research in his or her job, perhaps following closely a handful of companies, or a sector. This is particularly so in the world of credit and loans, both of which are hot topics. Ralph Hinckley does this so he can “keep…
A new study by Schroder Investment Management globally, including a significant Australian investor participation, shows a massive disconnect between investor expectations and likely outcomes over the next few years. According to Chris Durack, the Australian chief executive of Schroders, the high investor expectations around the world, including in Australia, probably contributed to disappointment in the…
by Greg Bright For the third time in the last few years a custodian bank in Australia has tried to change its technology platform with messy results. JP Morgan was the first to try to ditch its system and then back-tracked. The Australian CEO, Jane Perry, left that position shortly after. BNP Paribas was next…
REAMS Asset Management, a US-based specialist fixed income manager, has started to market its unconstrained fixed income strategies in Australia, through third-party marketing firm Introvest. The firm, which launched in 1981and is led by long-time CIO, Mark Egan, has been managing unconstrained fixed income since 1998, with an average annual return of 9.3 per cent….
More opportunities among value stocks and an increasing disconnect between market sentiment and company fundamentals, particularly for companies focused primarily on Australian demand, are among the highlights for the latest annual reporting season. In its semi-annual review of the reporting season results, including broker and company revisions, and with the aid of more than 150…
Don Russell, who joined the AustralianSuper board in May this year, will become the fund’s next chairman following the retirement of Heather Ridout, who has been the chair since 2013. Ian Silk, AustralianSuper chief executive, said: “Don has an extraordinary range of experience in both the private and public sectors and also has a very…
The NZ$43 billion (A40.1 billion) $NZ Superannuation Fund (NZS) revealed it has wound up three private equity mandates over the last year with a total value of about NZ$100 million. According to the NZS website, it has exited the NZ$35 million Hancock Natural Resources timber investment after a 14-year holding period. As well, the fund…
A “challenging” presentation from UK-based macro-economic analysis firm, Absolute Strategy Research (ASR), has underscored the dangers facing investors in an era of low interest rates and rising recession risk, according to Andrew Bascand, Harbour Asset Management managing director. Bascand said the gloomy analysis, delivered last week in NZ at a Harbour roadshow by ASR co-founder…
Of all the big questions investors need to address across various time periods, the biggest, over the short- to medium-term at least, is undoubtedly ‘where are we in the cycle?’. While difficult to answer with precision, the strong consensus is ‘late’. What to do about it is the next big question. Aviva Investors – the…
