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(pictured:Â Doug Hodge) By Greg Bright PIMCO, the world’s largest bond manager, announced last week that it would retrench about 3 per cent of its staff globally. Australia has already felt the decision. PIMCO said last Thursday (AEST) that it had made 68 positions redundant and was proposing to lose a total of about 3 per…
(pictured:Â Graeme Mather) It’s looking a bit like a structural problem for the institutional funds management industry. Graeme Mather is leaving Mercer, it was revealed last week. He is the third head of investment consulting of Australia’s major firms to depart in recent months. Mather, who oversaw about 160 people at Mercer as head of investment…
(pictured:Â Paul Chadwick) AIMA Australia, the Alternative Investment Management Association, celebrates its 15th anniversary this week. A lot has changed since the Australian chapter was born in the ashes of tech wreck. For one thing, the term ‘hedge fund’ is no longer a pejorative. Paul Chadwick, the current AIMA Australia chair – only the organisation’s third…
(pictured:Â Julian Beaumont) In times of uncertainty, such as now, ‘quality’ stocks tend to do well. But everything is cyclical and what is going well at the moment is not necessarily going to go well in the future. Julian Beaumont, investment director of Bennelong Australian Equity Partners (BAEP), says that there is a long list of…
(pictured:Â Tristan Baldwin) Liquidnet, the institutional trading network, has launched a new suite of liquidity-seeking APAC equities algorithms (algos) designed to improve the trading performance for Australian institutional investors. Liquidnet’s “Next Gen Algos” leverage the company’s pool of institutional liquidity spanning five continents and13 billion shares per day. The suite also offers enhanced control for buy-side…
(pictured:Â Doug Cameron) Regulation has emerged as the number one obsession for the NZ investment industry in a new report released this week. The inaugural BNP Paribas NZ ‘Investments & Operations Outlook’ survey, produced in association with Investment News NZ, found regulatory worries outweighed more traditional business issues. According to the survey of more than 90…
(pictured: Cassandra Hardman)Â It is finally starting to dawn on investors what the low-to-no interest environment means: low returns stretching out, probably, for some years. So what do you do? Cassandra Hardman, one of the pioneers of concentrated portfolios in international equities, has some advice. In the beta cycles in markets which, at the extremes,…
(pictured:Â Darrell Ludowyke) For super funds, the term ‘big data’ has generally been regarded as something its IT people and service providers, such as custodians, needed to be aware of. Not any more. Big data has come of age as something all CEOs and marketing people should be addressing. While the use of the term is…
(pictured:Â Sara Gilbert) AltaReturn, a US-based software and systems firm specialising in private equity and alternatives management, has set up in Asia Pacific with the recruitment of Sara Gilbert as director of operations, Asia. She is already looking to expand the presence. On her first trip to Australia last week after joining AltaReturn in May, Gilbert…
The New Zealand Superannuation Fund (NZS) took out a clutch of prizes in the Australasian Reporting Awards (ARA) held in Sydney last week. The fund continues its reign as one of the most transparent in the world. As well as earning the highest ‘gold’ rating for overall reporting quality, NZS won top spot in two…
(pictured:Â Grant Hassell) AMP Capital NZ chief, Grant Hassell, will take on more control of the local investment and distribution teams under changes announced last week. But he will relinquish some of his fixed income duties. Following the organisational revamp, all NZ investment groups, except property and distribution, will now report directly to Hassell. Previously, some…
(pictured:Â Carol Austin) Carol Austin, who recently finished a five-year stint as a guardian of the Future Fund, is setting up an organisation which will act as a source of investment and business information and advice for charities. The group, which she says is currently a “loose collective” of experienced investment people, will also potentially help…