Funds Management News

Funds Management News

Investment manager announces new Australian CEO and COO

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

Mirae Asset Global Investments has announced the appointment of a new chief executive and COO in Australia. Kris Walesby will join the Asia-founded company and take over as CEO after serving five years as CEO at ETF Securities. Mr Walesby has previously worked for a number of investment managers in London, including BlackRock, before moving back to Australia in 2015 as head of capital markets for Europe, Middle East and Africa at Invesco Powershares.

“My goal as CEO is to position the firm as the market-leading asset manager in Australia providing innovative investments,” Mr Walesby said. “We want to be regarded by clients, and broader communities, for consistently providing the best of breed investment solutions. “With the combination of Mirae Asset’s deep fund management expertise and the local knowledge of the existing team, we hope to establish a strong Australian identity.”

The rest of this article can be found at investordaily.com.au.

Fidelity International hires new portfolio manager

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

Fidelity International has announced the appointment of a new global growth-oriented portfolio manager. The global asset manager has confirmed Ashish Kochar will join the company in September in its London office from Columbia Threadneedle. Prior to his 13-year stint at Columbia Threadneedle – where he managed the Threadneedle Global Extended Alpha, American Extended Alpha, American Absolute Alpha and American Select funds – Mr Kochar worked at hedge-fund manager North Sound Capital and Merrill Lynch.

“Ashish is a welcome addition to Fidelity’s already strong global equity team,” Fidelity’s global chief investment officer, equities, Romain Boscher said. “He brings rich industry experience, proven stock picking acumen, a strong track record in managing global equities and a team-based mindset that will ensure the broad experience set within the global equities team is retained and strengthened.” The appointment follows the departure of Amit Lodha who stepped down as portfolio manager in June. Mr Lodha will continue to act as a consultant for Fidelity.

The rest of this article can be found at investordaily.com.au.

AMP Capital’s CommIF secures record green loan

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

AMP Capital has secured the largest green and sustainability loan in Australian history for a key asset in its Community Infrastructure Fund (CommIF) portfolio, as the fund comes under increasing threat of takeover from rivals. In a statement, the fund manager said the Royal Adelaide Hospital – a public-private partnership between the South Australian government and AMP Capital-backed group Celsus – had secured a $2.2 billion loan involving a consortium of 18 banks. AMP Capital said the transaction amounted to the largest sustainability loan in the healthcare sector globally, the largest project finance green and sustainability loan in Australia and the largest green loan for a public-private partnership nationally.

The funds were to be ring-fenced for purposes that offered strong social benefits and had been structured in accordance with the Asia Pacific Loan Market Association’s Green Loan Principles and Social Loan Principles, the fund manager said. “AMP Capital is delighted to have played a part in delivering the world’s largest sustainability loan in the healthcare sector and furthering the ESG objectives of CommIF that we know resonate with client expectations,” AMP Capital CommIF portfolio manager Charles Savage said. The news comes following the recent exit of AMP Capital’s head of energy, as well as a number of other senior departures in the fund manager’s infrastructure team to global infrastructure investor Plenary Group.

The rest of this article can be found at investordaily.com.au.

Fidante launches new boutique fund manager

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

Fidante Partners has announced the launch of a new emerging market boutique fund manager. Formed alongside former long-time portfolio manager Dr Joseph Lai, the team behind Ox Capital Management (OxCap) “will use their expertise and long experience of investing in Asia and other dynamic emerging markets to find compelling investment opportunities”. Dr Lai joins OxCap from Platinum where he worked for 17 years.

Douglas Huey and Alan Zhang have also been confirmed as OxCap’s principals and portfolio managers, while Sid Mehta will join the team in an analyst role. “We’ve assembled a team of the top talent in the emerging markets space and we look forward to bringing our unique and differentiated approach to investors,” Dr Lai said. “From a career and market standpoint we see this as the perfect time to launch what we envisage as an enduring relationship with a very capable partner.

The rest of this article can be found at investordaily.com.au.

Super funds invest millions in Australian space company

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

Local superannuation funds have invested millions in launch services company, Gilmour Space Technology, in what is the largest private equity investment raised by a space company in Australia. Gilmour Space has secured $61 million in its latest round of funding, which included investments from funds like HESTA, Hostplus and NGS Super, bringing the total to $87 million. “This is a great example of how we’re investing to support visionary businesses take that next step in their growth and development,” HESTA CIO, Sonya Sawtell-Rickson, said.

“Gilmour Space is going where no Australian business has gone before, which can open up exciting new opportunities for high-tech industries and jobs in Australia, while helping to grow our members’ retirement savings.” Hostplus chief executive, David Elia, added: “Hostplus’ investment strategy is long-term focused, which is why we invest in Australian companies that develop life-changing technologies and innovations that will provide enduring economic and societal benefits. “This unique investment presents potential strategic benefits as we anticipate Gilmour’s valuation increasing, and we are delighted to support the exciting future ahead for Australia’s space industry.”

The rest of this article can be found at investordaily.com.au.

Aussie super fund step closer to 2030 carbon-neutral target

Posted by Anton Murray Consulting on . Posted in Funds Management News

InvestorDaily

NGS Super says its investment in the Australian Unity Green Bond Fund is one step closer to the fund’s ambitious target of creating a carbon-neutral portfolio by 2030. NGS is the first industry super fund investment into the AU Green Bond Fund with NGS CIO Ben Squires calling the move an “important milestone”. “Our target of being carbon neutral by 2030 is the next step in integrating responsible investment for better returns for our members,” Mr Squires said.

“We acknowledge that pursuing a carbon neutral target date of 2030 is ambitious, but this investment is part of a broader implementation plan across the business that will see us play our part in stemming human-induced climate change.” Clean Energy Finance Corporation (CEFC) – a cornerstone investor in the AU Green Bond Fund – applauded NGS’ move. “We welcome the investment by NGS Super into the AU Green Bond Fund,” CEFC chief executive, Ian Learmonth, said.

The rest of this article can be found at investordaily.com.au.

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