Big funds tackle peer risk

Focusing on the risks faced by members and judging each investment on its merits helps superannuation funds break from common asset allocations, investment chiefs at the Future Fund and QSuper told CMSF 2012 yesterday.

The past 20 years have seen at least three financial crises, the rise of the superannuation guarantee from 3 per cent to 12 per cent and the maturing of fund memberships, said Brad Holzberger, chief investment officer of the $30 billion QSuper. But asset allocations remain largely static.

Click here to view a roundup of day two of the 2012 CMSF conference

Simon Mumme became a fnancial journalist through a stroke of luck. Upon graduating with a Master of Journalism from The University of Queensland in 2006, he set out to fnd a news organisation that would employ him as an overseas correspondent or business reporter. Or both, ideally. Conexus Financial hired the bright-eyed cadet, and in the ensuing years he wrote for all of its titles until being appointed editor of Investment Magazine in June 2010. Under his guidance, the magazine continues to dominate the Australian institutional investment media through its authoritative, insightful and engaging feature stories and analysis. Outside of work, Simon trains keenly in Muay Thai kickboxing, revels in the surf breaks fringing the Sydney coastline and reads as much high-quality journalism and non-fiction writing as he can. Committed to his role as a niche business reporter, Simon is aware that an overseas posting as a correspondent still eludes him. He hopes Conexus can help him with that career goal too.
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