Archives for 2018

Annuitas has dropped Wellington Management from its global fixed income roster following an asset allocation review earlier this year. It is understood Wellington managed $200-300 million for Annuitas, which manages about $6.3 billion in total on behalf of the Government Superannuation Fund (GSF) and the National Provident Fund (NPF). Paul Bevin, Annuitas head of investments,… [Read More…]

Trustees Executors (TE) is on the look-out for three senior executives – two of them newly-established roles – as it embarks on a five-year upgrade program. Ryan Bessemer, who replaced long-time TE chief, Rob Russell, this April, said the Wellington-headquartered business was hiring a head of investment administration, chief risk officer and private wealth head…. [Read More…]

When Calastone flicks the switch on its swish new blockchain fund transaction system next May clients would reap “numerous and immediate” benefits, according to acting head of the Australasian arm of the business, Ross Fox. Fox said Calastone’s well-signaled move to a “permissioned” blockchain managed fund transaction service would deliver both efficiencies and open up… [Read More…]

Harbour Asset Management has followed fellow Wellington-based fund manager AMP Capital across to a new benchmark for its NZ fixed income fund. Christian Hawkesby, Harbour head of fixed income, said the firm’s approximately $525 million NZ Core Fixed Interest Fund would formally adopt the Bloomberg NZ Bond Composite 0+Y Index as benchmark early next January…. [Read More…]

GQG Partners, the US-based global equities boutique backed by Australian incubator Pacific Current Group, is setting up its own office in Australia, following the recruitment of Laird Abernethy as managing director for Australia and New Zealand. GQG has been a run-away success for funds flow, both in the US and Australia, since its establishment by… [Read More…]

The London Stock Exchange (LSE) index-manufacturing subsidiary, FTSE Russell, has hooked up with research house Sustainalytics to produce a new suite of environmental, social and governance (ESG) benchmarks. In a release last week, FTSE Russell said the two entities would “work together to develop new FTSE Russell ESG indexes using the new Sustainalytics ESG Risk… [Read More…]

Northern Trust has lifted the pace with new technology for its asset servicing clients with the purchase last week of another FX specialist company. But, Penelope Biggs says there is more to the future than just having good technology. Culture is probably the most important thing. London-based Biggs, Northern’s chief strategy officer for corporate and… [Read More…]

The just-announced NZ government-sponsored green investment ‘fund’ could be making its first deal by the second half of next year, according to the Treasury executive setting up the entity. Craig Weise, establishment director of the New Zealand Green Investment Finance (GIF) company, said there were a number of technical and organisational hurdles to jump before… [Read More…]

The sixth annual survey by the global multi-affiliate manager Legg Mason paints an interesting new picture of the way individual investors – both advised and unadvised – are approaching their investment portfolios. There appear to be big changes on the way. The results of the global survey of 16,810 investors across 17 countries, including Australia,… [Read More…]