News

News

Bennelong rolls out senior appointment

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

InvestorDaily

Bennelong Funds Management has appointed a new chief client strategy officer with “in-depth knowledge of funds management and financial policy”. Amara Haqqani will step into the newly created role of chief client strategy officer at Bennelong. Ms Haqqani will be based in Sydney and report to chief executive Craig Bingham. “The traditional client profile is changing, and we’re working in a more nuanced and complex environment. It’s critical that we adapt and build solutions to meet those changing clients’ needs to ensure we remain relevant to our clients into the future,” Mr Bingham said.

“Amara’s extensive experience and passion for customer-centricity is the perfect fit for Bennelong in our ongoing commitment to put our clients at the heart of everything we do.” Ms Haqqani was most recently a director for consulting firm Milliman, prior to which she held senior policy and compliance roles at the Financial Services Council, Challenger Limited and RBC Global Asset Management. She has also held roles at Equity Trustees, Orchard and Aviva.

Aus Ethical sets sights for domination

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

The ethical wealth group has set the ambitious goal of becoming one of Australia’s largest investment managers by the end of the decade, as it is looks to shake up its asset allocation and technology capabilities. Australian Ethical has signalled an incoming revamp to its asset management, to result from an external review, as it has also hired a new head for the division. John Woods has jumped ship from MLC, where he was a portfolio manager, to take the role of head of asset allocation at Australian Ethical.

The new job will see him take responsibility for the group’s balanced fund and overall strategic allocation process. Mr Woods’ appointment has followed the recent promotion of former equity analyst Mike Murray to head of domestic equities. The group also recently enlisted start-up asset manager Alpha Vista, to conduct a review of its asset allocation governance framework.

Super funds in rapid transition to ESG

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

InvestorDaily

Investment managers are being asked by major super funds to work towards making their portfolios carbon-neutral by as soon as 30 June this year, according to a boutique fund manager. Speaking at a recent Pritchitt Bland Communications media lunch, Maple-Brown Abbott chief executive and managing director Sophia Rahmani said the group had been directed by a major super fund client to prepare their portfolio for carbon neutrality by the end of financial year. “One of our super clients, which I know has happened to lots of super funds, has said by 30 June, we need a plan on how we’re going to transition over the next three years to being carbon neutral,” Ms Rahmani said.

“They’ve said let’s work through that because we don’t quite know what our board wants us to do. But just like that it’s going to turn into an ESG portfolio, and that’s a board directive from that super fund.” 4D Infrastructure chief investment officer Sarah Shaw agreed that many super funds were rapidly moving towards carbon neutrality across their entire portfolio if they had not done so already. “You can have stocks that are carbon emitters but they have to be offset by other stocks that are taking carbon out across the portfolio,” Ms Shaw said.

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

Impax secures Cbus $240m climate equity mandate

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

InvestorDaily

James Crawford, head of equity portfolio construction at Cbus commented all portfolio companies within the Impax Climate Strategy are aligned with the Paris Agreement, “positioned to provide significant net CO2 savings”. Jon Forster, senior portfolio manager at Impax added asset owners are “increasingly prioritising climate change mitigation and considering climate risk in their investment decisions”. “The Impax Climate Strategy responds to that need, but also to our belief that there are considerable investable opportunities as society adapts to the consequences of climate change,” Mr Forster said.

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

Women face 101-year wait for financial equality

Posted by Anton Murray Consulting on . Posted in Market Commentary

InvestorDaily

Women’s financial progress slowed in the December quarter, with the expected time frame to gender equality rising to 101 years. The Financy Women’s Index fell by 3 per cent to 74 points in the December quarter, as male employment recovered. Despite the global COVID crisis in 2019, the financial progress of women is heading in the right direction, Financy reported, although the index has predicted it will still take a century to achieve equality.

The wait has increased to 101 years, from its previously anticipated 100 years in September quarter, as the gap for unpaid work widened. The national gender pay gap is also expected to take 21 years before it closes and Australia achieves equality, while employment is anticipated to 33 years to rectify, 18 years for underemployment, seven years for women on boards and 38 years to close the gap for super. Bianca Hartge-Hazelman, author of the Financy Women’s Index commented: “Without significant change, it’s likely that women will continue to participate in paid work at a reduced capacity to men and this will affect women’s financial security and progress.”

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

Australian equity market best in the world: research

Posted by Anton Murray Consulting on . Posted in News

InvestorDaily

“From its March low until the year-end, the bellwether US market, for example, rose by an extraordinary 77 per cent. And with this backdrop Australia has consistently been among the world’s best performing markets both in local currency terms and USD terms.” That performance has been underpinned by strong fundamentals, including a “healthy and resilient services economy”, a commodities sector linked to Asia’s highest growth economies, and a strong banking sector – backed by flexible monetary policy and a democratic political system.

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

Our clients include

* Prior invoiced clients across the region.