Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.
The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
Ironbark working on multi-asset SMA
Ironbark Asset Management, the third-party marketing and multi-affiliate manager, is working on an SMA with a wealth advisory firm, concentrating on a multi-asset strategy. Ironbark Asset Management will be the RE.
Ironbark, which represents assets of about $2.9 billion in the ‘multi-asset’ product sector, was started by former Deutsche Asset Management chief executive Chris Larsen in 2009. It has been very successful. The firm tries to have a representative on the investment committees for all its clients.
The proposed new product strategy follows an upbeat global fixed income report by Foresight Analytics, an Australian specialist research firm, published last month (see separate report this edition).
– G.B.
Note: An earlier version of this article identified the wealth advisory firm as Bankwest. This was incorrect.
