Investment Strategy

Tria: super funds
must change

Superannuation funds are under pressure as investor behaviour changes, particularly because of technology, says Andrew Baker, managing partner at asset management consultants Tria Investment Partners. “Business models of super funds are under a lot of pressure and the degree to which they are has probably been underestimated,” says Baker. “Regulatory changes and markets have been […]
Investment Strategy

Equipsuper, Vision Supermerger off

Equipsuper Superannuation Fund has halted its merger with Vision Super because it felt its investment team was not going to be supported. Equipsuper manages $4.6 billion in assets, of which about $2.1 billion is managed by external fund managers and $2.5 billion is managed by its chief investment officer and eight others. “The investment team […]
Hedge Funds

Super funds concerned about tax reporting

Superannuation funds are concerned about product compliance around new demands on pre and post-tax reporting of performance, says the chief executive of DST Global Solutions, which provides software for asset managers. “We anticipate a lot of changes around tax reporting,” says Tom Abraham. “There will be a whole industry around tax minimisation that will come out.” […]
Investment Strategy

Hedge funds want to reclaim their reputation

Hedge fund managers are meeting a much more sceptical investing public after the September 2008 bankruptcy of Lehman Brothers. In 2008 the average hedge fund fell in value by 19 per cent, according to Hedge Fund Research. “2008 was a turning point in so many ways,” Kevin Gundle, CEO of hedge fund-of-funds manager Aurum told […]
Investment Strategy

New board ends MTAA Super’s rocky road

Pressure from the superannuation regulator, the Australian Prudential Regulation Authority (APRA), has forced MTAA Super to change its board structure. The $6 billion industry fund formerly had four employer and four member representatives as well as an independent chairman. It will now have three employer and three member representatives and three independent directors. Bob Allen, […]