This means that offshore managers will be less reliant on Australian fund flows. Already, one of my super fund clients has been lamenting that the large macro-managers are hard-closing and that they can’t find other open macro-managers. There is significant pressure from trustees and regulators on fees. MySuper will give investors a no-frills exposure to cheap beta and everything will be great until the next equity market shakeout and then everyone will whinge about the losses in MySuper accounts. And there will be endless parliamentary inquiries and recommendations going back the other way. In the next few years, with funds flowing from other international sources, good offshore managers will be reluctant to make the trip to Australia. This will prompt domestic investors to travel globally to find managers. Unfortunately, offshore managers will probably say ‘no’ to those Aussie meetings, given their reputation for wanting fee discounts. Hopefully I will be proven wrong.
Institutional investors can’t afford to miss out on the growth story in Australia’s neighbourhood – but if you care about ESG, China presents a BIG problem according to Princeton University’s history and international affairs professor Stephen Kotkin
Staff WriterMay 6, 2021
Perhaps the biggest surprise in the comparisons section of this year's Salary Survey is what’s not reported with remuneration disclosures of executives at both the Financial Services Council and Industry Superannuation Australia not made public.
Matthew SmithMarch 15, 2021
Greater transparency brought on by new regulatory requirements will lead to funds quickly realising the writing is on the wall to merge, but time might be running out for some, Togethr and Equipsuper's Andrew Fairley says.
Matthew SmithFebruary 8, 2021