News

by Greg Bright David Hartley seems to be on several missions at the same time. The chair of the investment committee and a director of the $9.5 billion Australian Catholic Superannuation fund has come up with a workable concept to ease Australia’s housing affordability crisis. Along the way, he has also developed thoughts on other…

Holowesko Partners, the ‘Bahamian’ global value-orientated manager represented by Andrew Nolan’s ‘Eleuthera’ third-party marketing business, is to launch two Australian-domiciled funds. They will broaden the firm’s presence in Australia and New Zealand, allowing smaller funds to access the firm’s strategies. ‘Bahamian’? That’s someone, or a company such as Holowesko Partners, that hails from the Bahamas….

Active long-only strategies will continue to drive revenues for a majority of fund managers around the world for the next five years, despite the continued encroachment by index managers and fee compression in several markets, such as Australia. But the total fee issue is not a truly global phenomenon, according to Casey Quirk. Globally, asset…

China’s private equity and venture capital (PEVC) sector grew by 36 per cent in 2018, its lowest growth rate since 2014, hitting US$600 billion. This lower growth rate is perhaps understandable as total GDP grew only 6.2 per cent that year, the lowest in 27 years. But such growth rates can be misleading. What matters…

Putting politics aside, as Australia suffers its worst bushfires in history and with the world looking on, the question for big investors and their managers is: “How should you react from a fiduciary’s point of view?” Big super funds have been cognisant of climate change risk for years. But, now, they need to really engage…

After 14 years at the helm, having established and led the firm’s growth in Australia and New Zealand for all that time, Murray Brewer has told colleagues and his bosses in Baltimore, USA, that he will retire from T. Rowe Price at the end of this year. Commenting on his decision, disclosed just before Christmas,…

Aviva Investors, the big global manager, is advising investors to get back into the water. It is preferring to go overweight global equities due to the recently improved growth outlook. It is, however, “broadly neutral” towards fixed income strategies. Aviva, which manages about A$1.1 trillion across a range of strategies, expects global growth to pick…

We’re all inundated with fund managers’ macro views at the best of times. And the start of the calendar year is not a best of time – we are currently being swamped. It’s difficult to find a manager’s view which does not merely match the consensus. Nevertheless, here’s a summary of the outlook courtesy of…

Matthew Goldsack, head of investment solutions for the Westpac-owned BT Funds NZ, will take up a role at Trust Management later this month. Goldsack resigned from the NZ$10 billion (A$ 9.5 billion) business in December after an eight-year career with the Westpac subsidiary. It is understood he will replace long-time Trust Management head of investment,…

The size of the total super pie should hit $10.2 trillion within 20 years – by 2038 – compared with $2.7 trillion as at June 2018, according to modelling by consulting and actuarial firm Deloitte. In its annual review of the state of the super industry, Deloitte says that the rapid growth should continue despite…

Ahead of its launch of a proposed ‘Long-Term Investment Institute’, Martin Currie, the Edinburgh-based international equities house, has produced an interesting paper describing the strong link between long-termism and sustainability. There are differences in the two concepts, too. The paper,  ‘How Asset Owners Can Drive Sustainability’, written by David Sheasby, Martin Currie’s head of stewardship…

If you are an alternatives fund manager, forget the old world of America and Europe. The growth is in the new world of Asia and other developing markets. A new study by Preqin, the global investments research house, spells out the future for alternatives managers and their investors. The study says the alternatives sector will…