UBS Global Asset Management has announced the expansion of its Australian fixed income team with the appointment of Ben Squire as head of credit research for Asia Pacific and Christian Baylis as portfolio manager.
Squire has 17 years experience in credit research and credit portfolio management globally and domestically and joins from Société Générale in London. In his new role, Squire will be responsible for credit research and issue selection for Asia Pacific issuers. He will also be a member of the UBS Global Asset Management Global Credit Research team.
Baylis most recently worked in senior analyst investments at the Reserve Bank of Australia. He joins UBS to work on inflation-linked portfolios and undertake market analysis and execute credit and related over-the-counter derivatives. He is currently completing a PhD in financial econometrics.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.