Market volatility drove worst managed fund start in five years: Calastone
Australian investors have become more rattled by market volatility during Q3, according to the latest Fund Flow Index from Calastone.
How to get the most out of external manager relationships
Even when a fund internalises the bulk of its assets, it pays to put a lot of effort into establishing and maintaining true partnerships with specialist managers, according to Canadian pension fund CDPQ. The Quebec-based fund’s head of partnerships, Mario Therrien, explains how “creative tension” between internal and external investment managers can unlock great value for portfolios.
ESG funds now dominate NZ market, bucking Aussie trend
New Zealand’s responsible investment market now accounts for more than half of the country’s total managed funds universe for the first time, reaching a record NZ$183 billion (A$172 billion) in 2022. The finding by the Responsible Investment Association Australasia (RIAA) stands in stark contrast to the local market, which experienced a 14 per cent contraction in 2022.
Executive team changes at TAL
TAL group CEO and managing director Brett Clark has announced new executive leadership appointments, effective immediately, within the Group Life & Retirement business, Individual Life business, and Technology.
SuperConcepts launches SMSF trustee dashboard innovation
SuperConcepts has released a trustee dashboard innovation called SuperMate Client View, offering SMSF clients a refreshed user experience that provides fund trustees with access to key information as well as an all-new communications channel for faster, end-of-year technical query completion.
CALI announces ReCALIbrate recipients
The Council of Australian Life Insurers (CALI) has announced the inaugural recipients of its ReCALIbrate grants program.
Mason Stevens appoints asset allocation head
Wealth platform provider Mason Stevens has appointed David Macri as head of asset allocation.
Allianz Retire+ appoints technical services head
Allianz Retire+ has appointed Justine Marquet as head of technical services.
‘Transparency is the trend’: Future Fund joins portfolio disclosure regime
Labor has acted on its multi-year ambition to subject the sovereign wealth fund to the same portfolio holdings disclosure requirements as super funds. But transparency advocates like Morningstar’s Annika Bradley say the previous government’s efforts to “water down” the disclosure regime makes the move less impactful.
How AI, data are changing active equities investing
The head of active equities at CPP, Frank Ieraci, says the $662 billion Canadian pensions giant is experimenting with technology, including artificial intelligence-backed applications to identify the true drivers of stock prices.
Risk management is too often just ‘measurement’, says Nobel laureate
Nobel Prize-winning economist Myron Scholes told the Fiduciary Investors Symposium at Stanford University that the focus of asset owners needs to shift from measuring risk to managing it, to avoid the downside while capturing the upside and allowing compounding to do its thing.
UniSuper and global investors acquire Tasmanian forestry estate
UniSuper, alongside the UK’s Pension Protection Fund and a subsidiary of Dutch pension fund ABP, have acquired a 170,000-hectare hardwood plantation in Tasmania from asset manager New Forests for an undisclosed sum.
