The COVID-19 crisis of 2020 has offered up investment challenges which have not been seen since the Global Financial Crisis (GFC) of 2008/09, including in the sphere of the currency hedging program. While there have been challenges in currency returns, exchange rate volatility, market depth, and in particular, liquidity management, thankfully this episode has not included a major counterparty default.
With growing numbers of members transitioning from accumulation to decumulation, the demands on super fund investment teams are likely also to shift substantially. The objectives of retirement are so different that separate investment portfolios and managers may be required. Aware Super and TelstraSuper shared their approach with the Fidicuary Investors Symposium.
Simon HoyleDecember 19, 2023