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The Rainmaker Information goup’s MAX Awards, organised by its publication ‘Financial Standard’, seem to have taken on a life of their own. The ‘people’s choice’ type of voting has created an increasing amount of interest in the industry each year in the lead-up to the awards night. Nominated companies muster support from staff, from friends,…
Byram Johnston, the co-founder of MainstreamBPO, has transitioned from chief executive to executive chair of the listed company, in a move which is more important to the funds management admin industry than it seems. Funds management admin is going through a shake-up. If you listen to Byram, now a veteran in that part of the…
All managers are aware of the behavioural biases that most investors exhibit and how to bet against them. Not many, though, concentrate their whole philosophy on those biases. ClariVest Asset Management, however, does so and with considerable success. ClariVest, which is a US-based boutique that started in 2006, focuses on the interaction between a company’s…
by Greg Bright After nine years at the helm of Christian Super, the $1.3 billion super fund which has made its mark on the industry by developing ‘impact investing’ strategies, Peter Murphy has stepped down as chief executive. He has moved back to a consulting role which gives him a wider brief to continue his…
Vanguard has picked up about NZ$150 million (A$143 million) in a new global equities mandate as the game of passive pass-the-parcel plays on in the NZ bank-owned KiwiSaver market. The latest index switch has seen ANZ swap out BlackRock for Vanguard as underlying manager for its KiwiSaver default fund international shares allocation. As reported previously,…
The NZ Society of Actuaries (NZSA) proposed retirement income ‘rules of thumb’ would need universal buy-in from industry, government and regulators to succeed, according to the launch report released last Thursday in a session hosted in Parliament by newly-appointed Commerce Minister, Jacqui Dean. “We note that it would be confusing to retirees if they were…
by Greg Bright We haven’t seen this development in Australia as yet, but it looks like it’s finally coming. Willis Towers Watson is morphing into a fund manager, just as its main global competitors have done. And it is going to try to do it as a seamless offering along a spectrum of services for…
Sunsuper is about to pick up its third-straight new big super fund client, the $2 billion Bluescope Steel Super corporate fund, which had been outsourced to Total Risk Management and Russell Investments. The deal, expected to be announced this week, follows Sunsuper’s successful negotiations last year for the $1.2 billion Reserve Bank of Australia staff…
Tactical Global Management (TGM) has recently celebrated its 20-year anniversary, marking a milestone in Australian-born global macro funds management. Founder, Peter Higgs, has also recentlly been diverisfying his brief into the world of ESG-orientated impact investing. Launched in 1997, TGM commenced operations in Brisbane as a specialised tactical asset allocation management firm. It has subsequently…
In a first for sustainability, the UN-backed PRI organisation has linked with the Alternative Investment Management Association to launch next week an international standard questionnaire to aid investors doing their due diligence on alternatives managers. The launch of the standard questionnaire, taking place in London on May 11, aims to: “Improve transparency around ESG factors…
Westpac’s KiwiSaver fund in New Zealand has dropped Vanguard as global equities manager for its default offering in the first phase of an across-the-board ethical cleansing at its investment management division. The change, executed in December by Westpac subsidiary BT Funds Management NZ, saw the AMP Capital international equity index fund take over the global…
‘Cultural fit’ was both the biggest employee issue and recruitment challenge for asset owners and fund managers, according to a survey by HR consultancy RiskWise Professionals and recruitment firm Super Recruiters. The survey, of 30 senior management at funds and service providers, undertaken in January and February, showed that employers were also concerned about ‘too…
