21 March 2011 14:00
The end of February marked two years from the when the markets bottomed in the wake of the GFC, and Australian and international share markets are still more than 20 per cent off their peaks, according to Chant West, and listed property markets are still even further back.
“So funds still face an uphill battle to get back to their pre-GFC levels – even those that are well diversified into unlisted assets,” said Chant.
Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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