This year’s top 10 stories included a peek into AustralianSuper’s international equities build out in London, AMP’s move to slash employee benefits, and plenty of hard-hitting analysis of the issues that matter in institutional investment. But the real story is how readers helped shape all of that coverage.
Orbis’ Stuart Place is riding from Melbourne to the Moon and Back to fund a treatment for the “monster of a disease” that his youngest son was born with. The investment industry is rallying behind him.
Gooding looks around as 8IP closes HK office
(Pictured: Nial Gooding)
Boutique Asian equities and Australian small-cap manager Eight Investment Partners (8IP) has closed its Hong Kong office. Nial Gooding, the experienced investment manager there, is now looking to form his own boutique.
Gooding said last week that, after 20 years in Hong Kong, he would remain there and look to build a new funds management business following the 8IP decision.
Kerry Series, the founder and main shareholder of 8IP, announced in March that the firm’s backer, South African financial services group Sanlam, was withdrawing from the business and taking about $200 million in funds under management with it. It left about $30 million in the small-cap strategy, which has performed well. But the Asian equities strategy was left with mainly Gooding’s private money to manage.
Series, the CIO, who was one of the founders of what became Perennial Investment Partners and has had several senior roles at other funds management firms in Australia and Asia, bought out Sanlam’s holding in 8IP. The staff, who include the business head, Rick Steele, another experienced fund manager, own 100 per cent of the business.
