14 April 2009 13:00
Up to 25 per cent of a handful of super funds was in cash, as of last month, while others had between 6-8 per cent cash, according to Frontier Investment Consulting.
Fiona Trafford-Walker, managing director of Frontier, told the CMSF conference last month that while there had been some member switching to cash options, the totals allocations quoted were not a direct reflection of that.
I&T News incorrectly quoted her implying that the figures represented member switching.
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Whenever super fund CIOs are asked what they’re doing about AI risk, “diversifying” is always the answer. But as cross-portfolio exposures to the thematic grow and grow, that answer is no longer good enough.
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