Global Investment Insights

Lydia Kav promoted to Head of Multi-Asset at Perpetual

September 2024

Global Investment Institute congratulates Lydia Kav on her promotion to Head of Multi-Asset at Perpetual Limited. Perpetual is an ASX-listed, diversified financial services company that has over A$210 billion in assets under management.

As the Head of Multi-Asset, Lydia will be responsible for setting the investment philosophy and investment processes for the Perpetual Wealth Management Multi-Asset Team.

We wish Lydia all the best in her new role and continued success to the team at Perpetual.

Spotlight on Tyler Jayroe and Spencer Kubin, Private Equity Group, J.P. Morgan Asset Management

"With companies staying private for longer and many established companies being taken private, the public equity universe is dwindling. By investing in private companies, particularly at earlier stages, private equity firms capture the growth and value creation that is not available through public markets. Ability to invest in high-potential, fast growing businesses before they go public is a key driver of private equity’s potential for enhanced returns.”

-Tyler and Spencer are both Portfolio Managers within J.P. Morgan Asset Management’s Private Equity Group (PEG), which has more than 40 years of dedicated private equity investing experience and US$33 billion in assets under management.

Spencer will be presenting at Global Investment Institute’s upcoming Family Office Investment Forum - Sydney, taking place on Tuesday, 15 October 2024 in Sydney CBD, New South Wales.

Tyler will be presenting at Global Investment Institute’s upcoming Family Office Investment Forum - Melbourne, taking place on Thursday, 17 October 2024 in Melbourne CBD, Victoria.

To register your interest in attending, click here or for more information email zelda@globalii.com.au.

Spotlight on Joe Gubler, Quantitative Portfolio Manager, Causeway Capital Management

“If demand for AI is to continue, solutions will need to quickly start translating into increased revenue, increased efficiency, or both. Most purchasers of AI solutions are currently seeing large cost increases with very little attendant benefits. This situation will not last. Either benefits to AI consumers will increase or demand will decrease."

- Joe Gubler is a Quantitative Portfolio Manager at Causeway Capital Management. He joined the firm in 2005 and has been a portfolio manager since January 2014. In addition to managing quantitative portfolios and conducting alpha research, Joe also leads the efforts to maintain and enhance Causeway’s proprietary risk models. He is also a member of the operating committee.

Joe will be presenting at Global Investment Institute’s upcoming Equities Investment Forum, taking place on Wednesday, 11 September 2024 at the Grand Hyatt Melbourne, Victoria.

To register your interest in attending, click here or for more information email zlatan@globalii.com.au.

Spotlight on Denis Cole, Principal & Portfolio Specialist, Emerging Markets Debt, PGIM Fixed Income

“Current yields (actual cashflows generated) in hard currency sovereigns are near 6.25%. This provides a significant cushion for any near-term spread volatility or potential rise in U.S. treasury yields. With a duration in the range of 6.5 years, it would take over 100 bps of higher spreads/treasury yields to erode that carry and result in negative total returns over a one-year period. Conversely, we believe that a realistic amount of spread tightening or treasury yield compression would take EM hard currency returns into the double digits.”

- Denis Cole is a Principal and Portfolio Specialist at PGIM Fixed Income. As part of the emerging market debt team Denis manages portfolios and analyses longer-term themes impacting emerging markets (EM). He adopts a strategic approach with clients to find their optimal EM allocations and takes pride in keeping clients informed about EM markets and assisting them with their EM debt exposure.

Denis will be presenting at Global Investment Institute’s upcoming Fixed Income & Alternatives Investment Forum, taking place on Thursday, 12 September 2024 at the Grand Hyatt Melbourne, Victoria.

To register your interest in attending, click here or for more information email zlatan@globalii.com.au.

SuperCareers - Job opportunities for executives and senior investment professionals across our industry

August 2024

This month’s featured job vacancies and opportunities include roles at AustralianSuper, Future Fund, UBS, PGIM Private Capital, HESTA, First Sentier, Octopus Investments, Austrade, Australian Ethical Investment, and more.

If you would like us to promote a job vacancy at your organisation for executive and senior investment roles, please contact us.

Spotlight on Matt Day, Senior Portfolio Manager, Global Fixed Income & Currency Team, Mondrian Investment Partners

“Recessionary risks continue to persist and the US yield curve remains inverted. The inversion of the yield curve has predated all of the last eight US recessions, with no false positives over this period.”

- Matt Day is a Senior Portfolio Manager in the Global Fixed Income and Currency Team at Mondrian Investment Partners. He is a longstadning member of the Team, having joined in 2007. Matt has a quantitative research focus and is responsible for the continuing development of the company's proprietary inflation and mortgage-backed securities models.

Matt will be presenting at Global Investment Institute’s upcoming Fixed Income & Alternatives Investment Forum, taking place on Thursday, 12 September 2024 at the Grand Hyatt Melbourne, Victoria.

To register your interest in attending, click here or for more information email zlatan@globalii.com.au.

Spotlight on Robert Lehnherr, Head of Quantitative Equity Research, Northern Trust Asset Management

“One of the biggest evolutions in passive investing has been the expansion of indexing options. One of the challenges that may not be recognised is that as the options increase, investors must make an active decision when choosing an index for their passive investment."

-Robert Lehnherr is the Head of Quantitative Equity Research at Northern Trust Asset Management responsible for leading the firm's quantitative active equity research and product development programs.

Robert will be presenting at Global Investment Institute’s upcoming Equities Investment Forum, taking place on Wednesday, 11 September 2024 at the Grand Hyatt Melbourne, Victoria.

To register your interest in attending, click here or for more information email zlatan@globalii.com.au.

Spotlight on Arup Datta, Senior Vice President & Head of Global Quantitative Equity, Mackenzie Investments

"Investors should consider AI incorporated or empowered investment strategies to diversify their existing portfolios. The application of AI may enable investors to identify uncorrelated investment signals and hidden investment insights."

- Arup Datta is a Senior Vice President at Mackenzie Investments and heads the Global Quantitative Equity Team. He has been a professional quantitative investor for more than three decades, managing portfolios across virtually every capitalisation and region of the world.

Arup will be presenting at Global Investment Institute’s upcoming Equities Investment Forum, taking place on Wednesday, 11 September 2024 at the Grand Hyatt Melbourne, Victoria.

To register your interest in attending, click here or for more information email zlatan@globalii.com.au.

Spotlight on Anup Maheshwari, Co-Founder & Chief Investment Officer, 360 ONE Asset

“India has produced the largest number of compounders in the past 20 years in comparison to major financial markets such as US, China and Japan. For instance, 111 out of top 500 companies in India have generated a CAGR return in excess of 20% in USD terms, compared to only 17 in the US, 13 in China and none in Japan. This demonstrates the ability of Indian companies to scale over long periods of time, thereby creating significant shareholder value.

Despite the huge potential that India offers and sustained growth that has been delivered by the equity markets in the past, global investors are heavily underweight India. India currently makes up just about 1.7% of the MSCI All Country World Index and only 16.7% of the MSCI Emerging Market Index, which is a very suboptimal allocation.”

- Anup Maheshwari is the Co-Founder and Chief Investment Officer of 360 ONE Asset, directly responsible for the company’s public equity business and a member of investment committees for 360 ONE’s alternative investment business, which includes private equity and private credit strategies.

Anup will be presenting at Global Investment Institute’s upcoming Equities Investment Forum, taking place on Wednesday, 11 September 2024 at the Grand Hyatt Melbourne, Victoria.

To register your interest in attending, click here or for more information email zlatan@globalii.com.au.

NZ Super promotes Matthieu Raoux to Portfolio Manager, External Investments & Partnerships

August 2024

Global Investment Institute congratulates Matthieu Raoux on his promotion to Portfolio Manager, External Investments and Partnerships at sovereign wealth fund, NZ Super Fund.

The Guardians of New Zealand Superannuation Fund is the Crown entity managing funds in excess of NZ$75 billion (A$68 billion).

We wish Matthieu all the best in his new role and continued success to the team at NZ Super Fund.

Spotlight on Alex Thompson, Vice President, Loomis, Sayles & Company

“Quantitative tools have always had a place in public fixed income given the multitude of risks that investors can take or look to hedge. Historically these tools have, by in large, been used to screen universes for desired characteristics or to monitor different risks or sensitivities. They are, by their nature, backward looking but using ever expanding data sets, they can be used for forward looking scenario analysis and stress testing.

Our essential point of conjecture here is that in conjunction with ever more interconnected financial markets, the data is becoming so vast and computational power so great that we believe any strategy that is not taking advantage of modern-day quantitative tools is in danger of getting left behind.”

- Alex Thompson, Vice President and Investment Director of Alpha Strategies team at Loomis, Sayles & Company is responsible for supporting the growth and retention of multi-asset credit, systematic credit and emerging market debt blended total return strategies through strategic product planning and development, market education and product messaging.

Alex will be presenting at Global Investment Institute’s upcoming Fixed Income & Alternatives Investment Forum, taking place on Thursday, 12 September 2024 at the Grand Hyatt Melbourne, Victoria.

To register your interest in attending, click here or for more information email zlatan@globalii.com.au.

Spotlight on Michael Hanson, Senior Vice President of Research, Fisher Investments

“Politics is a tailwind in 2024. Since 1925, US equities ended positive in 83.3% of presidential election years. Globally, political uncertainty is likely to fade throughout the year, further reducing investor anxiety.”

- Michael Hanson is the Senior Vice President of Research and a member of the Investment Policy Committee at Fisher Investments, overseeing the Research Group and responsible for the development of capital markets and securities research.

Michael will be presenting at Global Investment Institute’s upcoming Equities Investment Forum, taking place on Wednesday, 11 September 2024 at the Grand Hyatt Melbourne, Victoria.

To register your interest in attending, click here or for more information email zlatan@globalii.com.au.