Sealcorp's success draws hungry sharks; the successful funds management business is a prime target, even at an inflated share price
Article Abstract:
Sealcorp, a successful funds management firm, may soon undergo ownership changes following the unexpected 10.1% purchase of Sealcorp stock by MLC, the insurance and funds management part of the Lend Lease group. The purchase gives MLC a say in Sealcorp's future. Sealcorp's value has been lifted recently by increased purchases of fund management stocks by banks. Sealcorp manages the A$3.8 billion Asgard master trust.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1997
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Bank-only portfolio pushes unique fund to head of performance chart
Article Abstract:
Equitilink formed Safelink, a specialist bank share trust, in 1989. Equitilink is the only investment fund manager in Australia to have this type of trust. The trust was the top performing share fund in Australia in 1997 and has remained in the top six since 1992. Safelink is worth $52 million and is the top trust in risk adjusted terms between 1995 and 1997 because of its excellent returns with low risks.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1998
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Riding the Japanese share boom. Pardon?
Article Abstract:
Paul Kirkby manages about $3 billion in Japan-based stocks for Global Asset Management. In spite of the economic decline in Japan, he managed to show a 20% profit, better than his competitors. Avoiding the stocks of traditional Japanese industries, he prefers instead to invest in well-managed but relatively new enterprises.
Publication Name: Business Review Weekly
Subject: Business, general
ISSN: 0727-758X
Year: 1999
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