Fund Managers In The News
By Stephen Rake, 17/05/2007

Investment team walkout hits Industry Super Funds.

Australian industry funds are feeling the pressure after key emerging markets investment staff from UK investment management firm Lloyd George walked out. Lloyd George currently manages billions of dollars on behalf of various Australian industry fund investments.

While it is still too early to see how the departures will affect the funds, investors with industry super fund accounts should review their policies and monitor investment manager changes and any fee changes.

An investment that is music to the ears.

Colonial First State Global Asset Management is preparing to launch a media-focused investment fund, and has agreed to purchase a major music copyright catalogue from DreamWorks Music Publishing.

The acquired catalogue consists of more than 25,000 musical works across a wide diversity of music types.

The Global Asset Management chief executive officer, Warwick Negus, believes the investments were attractive because they generated global income streams via predictable and recurring cash flows (royalties) and held considerable long-term growth potential by actively promoting and managing the original works.

First State Media Group has also acquired a global platform of established copyright administration companies to undertake the direct collection of royalties. 

The copyright catalogue is set to be one of the foundation assets for a media focused investment fund that First State Media Group expects to launch later this year.

Now hearing your favourite song on the radio could be adding to your investment returns!