Paul Taylor, Fidelity’s Australian disciple

But they all share a fascination of companies. Taylor himself travels out of Sydney to meet executives and view a company’s operations once every week and a half. He’s also travelling internationally trying to find out how decisions made by companies offshore will affect a coal miner in Queensland or an iron ore producer in Western Australia.

“The more people we’re meeting the better we’re doing,” says Taylor, his food neglected after an hour and a half of conversation.

Then he left for another meeting.

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Why Team Super won’t trade against its own managers

In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.

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