BNP Paribas Investment Partners (BNPP IP) has announced it will soon introduce a new Australian fixed income fund, and has expanded its fixed income team in preparation for the capability.
The fund is said to be for both institutional and retail investors and will include a separately managed accounts (SMA) offering.
The team, who will be headed by Doyle Mallett, has been completed by the appointment of a portfolio manager, a credit analyst and a business manager.
Jasmin Argyrou has joined the team from Schroders Investment Management where she was a fund manager in fixed income. She has also worked with UBS Global Asset Management as a senior fixed income researcher.
Dominik Dumaine joined as a credit analyst from BNPP IP’s office in Paris, and has more than ten years of experience in the field.
Dean Allan has joined as business manager, fixed income from BNP Paribas Securities Services. He has also held positions with Suncorp Portfolio Services and JP Morgan Securities Services.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.