Managers tipped to double tech spend by 2030

Fund managers expect to double their technology spend from about 10 per cent of their operating expenses in 2019 to 20 per cent by 2023, according to a new study by Casey Quirk. The increase is driven by wanting to

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Bad news for economies, good news for value

Whether or not we are witnessing the early stage of an end to the longest drought for value managers in history, history tells us that when the rains come, it will be a deluge. Recessions and their aftermath are particularly

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How the world’s biggest funds coped in 2020

Most of the world’s largest institutional investors – 438 sovereign wealth and public pension funds – had a tough time last year. They had to cope with government capital drawdowns alongside market volatility and other problems due to the pandemic.

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BNY Mellon goes for experience with new Aussie head

After a six-month search, BNY Mellon Investment Management has filled the gap at the top in Australia, recruiting experienced funds management CEO and marketer Paul Bolinowski as its new country head. He will be responsible for providing the overall strategic

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Moffitt and Selth in dramatic investment turn

Phil Moffitt, a former Australia head of Goldman Sachs Asset Management and renowned bond manager, and Chris Selth, an international equities manager in Sydney and New York for BT and Five Oceans, are undertaking a very different venture. They have

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Class action puts more pressure on IOOF

Following forceful questioning by shareholders at its annual meeting last month comes news that a class action against IOOF, undertaken by Shine Lawyers, has progressed through the funding stage. A previously proposed action, through lawyers Quinn Emanual, was dropped early

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Allen Partners brings bitcoin manager to Australia

Due to its open-source ethos, bitcoin has travelled an unconventional growth path. For starters, no-one seems to know who invented it (rumoured to be a Sydneysider, possible pseudonym Hitoshi Nakamoto) but what we know is when it will all end

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Cambridge out, JANA in for NZ trust

by David Chaplin The NZ$1.5 billion (A$1.4 billion) Foundation North has replaced Cambridge Associates with the Australian firm JANA as investment consultants. The move ends a 10-year relationship between the big community trust and Cambridge. In a release last week

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The generational change at Maple-Brown Abbott

After nearly 20 years at Maple-Brown Abbott Ltd, Australia’s quintessential home-grown boutique fund manager, Dougal Maple-Brown doesn’t get too carried away with what for the past couple of months has been looking like, at last, a rotation in the style

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Perpetual’s plan of attack with global expansion

Aided by its two new global funds management subsidiaries in the US, Perpetual is giving its institutional distribution capabilities an overdue boost. And it is starting to pay off. Trillium Asset Management, an ESG specialist acquired early this year, is

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