Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.
Australia’s superannuation funds have the financial weight to shape geopolitical outcomes but need to band together to avoid being “divided and conquered”, according to Tom Gregg, former senior UN official and mediator, and senior international adviser at Kessler Topaz Meltzer & Check.
The $50 billion investment manager for the South Australian state government is moving towards a “lite” version of the total portfolio approach, with chief investment officer Con Michalakis determined not to miss a good investment opportunity just because it doesn’t fit into an asset class bucket.
Since joining Funds SA last February, chief investment officer Con Michalakis has been on a clear mission: improve investment performance for the $50 billion fund’s 11 state clients, spanning super funds, foundations, and endowments. To get there, Michalakis has taken a deliberate approach, including introducing a “TPA lite” strategy to free the portfolio from benchmark … Read more
Treasury has deferred extending the superannuation performance test to retirement-phase products until the Retirement Reporting Framework begins publishing data in 2028, leaving about $500 billion in assets and 1.4 million member accounts outside the test’s scope.
About 200,000 Australians retire each year, superannuation balances at retirement are growing, and super is displacing the Age Pension as the main form of income for more retirees. It’s time for the government to directly offer annuities, to help turn the dream of a more comfortable and stress-free retirement a reality.
A panel of top allocators have conceded that it might be time to rethink underweights to China as the Asian superpower’s intensifying AI race with the US creates attractive opportunities and the line between government and the private sector blurs in the US.
Economist and former RBA board member Warwick McKibbin told the Investment Magazine Fiduciary Investors Symposium that AI doomsayers aren’t grasping the economic opportunities it will create, but that policymakers still need to be prepared for social unrest arising from displacement of jobs by AI.
Treasury is considering a new benchmark for “emerging assets” under proposed changes to the Your Future Your Super performance test meant to discourage the index-hugging behaviour that has characterised super fund investments since its introduction in 2021.
The performance test ‘side pocket’ proposal in the just-released Your Future Your Super consultation paper removes barriers to investing in nation-building, but that does not mean that there will be more investment as a result. Understanding why requires looking at both sides of the table.
Colin Tate AM, founder and managing director of Conexus Financial, publisher of Investment Magazine, speaks to Greg Clark, deputy chief investment officer of Hostplus, on the sidelines of the Milken Global Conference in Los Angeles. They discussed the US-China technology divide, Hostplus’s push into private markets and growth equity, the missing conversations around climate and … Read more
The on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand. And while the event retains the extraordinary intellectual and financial firepower that has always been its signature, something has shifted. The absences are as instructive as what’s on the program.
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
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