In new statements on the extent of greenwashing in the fund management industry, Desiree Fixler highlights some uncomfortable truths about sustainable investing.
He will be supported by Sally Corbett, who joined the firm in Australia last year as a portfolio transition manager. Russell's transition management services group encompasses commission recapture and policy implementation, portfolio transition, rebalancing, interim asset management, agency currency execution and overlays, all of which are intended to help institutional investors' fund performance and reduce overall risk.
A Russell spokeswoman says the firm's business in Australia has grown enough to justify dedicating resources to tackle Asia more thoroughly. The firm used to have a transition management executive in Singapore, Gemma Dooley, but since last year when she returned to Sydney, she has been focused more on Australia.
Dooley will now report to Moore. Another factor behind the moves is a general trend toward decentralizing Russell's implementation services, so that the business is run on the ground from various regional hubs rather than solely from the United States.
Bruce Pflaum, Asia managing director in Singapore, adds that value-added services such as transition management should increasingly appeal to Asian investors in the current low-return environment, when every basis point counts and when volatility needs to addressed. Moore will report to Stephen Roberts, managing director of the Australian institutional business.
He joined the firm's Tacoma-based dedicated global portfolio transition team in 2000, which handles work for both Russell funds and separate client accounts
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Already on the rise pre-Covid, investments into data centre assets in Asia have accelerated in the past year, fuelled by interest from investors across the spectrum.
Actively managed funds were also not found to have better odds of higher returns than more passive funds.