POWERED BY MOMENTUM MEDIA
nabInvest takes a stake in quantitative manager
nabInvest has taken a controlling interest in Redpoint Investment Management, a quantitative-based equities investment management firm based in Sydney.
nabInvest chief executive Garry Mulcahy said the acquisition was indicative of the strong momentum and growth in the direct asset management business.
"We look forward to partnering with Redpoint's highly experienced team, who we are confident will achieve superior outcomes from both global and domestic markets for their institutional clients," Mulcahy said.
Redpoint chief executive Tim Batho, who has 23 years of experience in financial markets in the UK and Asia-Pacific, said his company included sustainability factors as a core element in its value proposition.
"Redpoint was established to create client-focused investment solutions that capture the tailored beta and quantitative
alpha requirements of institutional investors in Australia and around the world," Batho said.
Batho heads up Redpoint with chief investment officer Eric Smith, who previously played a key role in growing Vanguard Investments Australia from inception.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
