There is no regulatory obligation for funds
to hold a risk reserve, and Knox said this would be difficult to enforce: “It’s
going to be difficult to introduce regulations because funds [have] different
financial circumstances.”
27 April 2009 13:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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