It’s never been more difficult to be an investor: Bridgewater’s Lele
In a world of ultra-low bond yields, a decades-long equity rally which is unlikely to continue and with inflation looming, diversification is more important than ever but has never been more difficult to achieve.
Traditional 60/40 portfolios are now captive to market timing strategies
As the mould for defensive strategies has been broken apart, thinking about portfolio construction implications has required the formulation of different pathways to managing risk and outcomes including market timing strategies, three experts describe.
YFYS cramping alternatives in super, but industry will adjust: Panel
The Your Future, Your Super performance test is inhibiting the use of alternative investments and will continue to do so as long as it poses an elevated risk to superannuation funds, but a panel of experts believe the industry is too smart and too creative not to readjust and find a way for the asset class to be included in portfolios.
‘Get the sensitivities right’: PGIM’s Parikh on allocating to real assets
Portfolio construction aspects including poor alignment of the investment objectives and time horizon and using too broader a basket for benchmarking and comparisons are among the biggest risks to investing in real assets, according to Harsh Parikh.
Renewable portfolios outperform fossil fuels
A joint report by the International Energy Agency and the Centre for Climate Finance & Investment at Imperial College considers the total return and annualized volatility of publicly traded renewable power and fossil fuel companies globally over 5 and 10-year periods.
No-one wants to be the last one left on the dance floor: Aware’s Dundon
Mergers in the super industry are likely to continue unabated amid regulatory changes and demographic shifts according to Aware’s executive consultant, corporate development, Michael Dundon.
Portfolio construction: Temporal inefficiencies, volatility and capturing tails
Rates, regulation and redistribution are all increasing. Are investors entering a new regime of higher inflation and volatility?
Structural imbalances, market inefficiencies and relative value
[vc_row][vc_column][vc_column_text] Market inefficiencies can erupt due to temporary supply and demand imbalances, regulation, information asymmetries and market psychology among other reasons. This session explored how to exploit these opportunities in a market-neutral manner. Speakers: Gopi Karunakaran, Co-chief investment officer, Ardea Investment Management Matthew Piselli, Executive director, FORT L.P. Chair: Amanda White, Director of institutional content, … Read more
Building a modular approach to risk: The Future Fund as a case study
[vc_row][vc_column][vc_column_text]Alternative strategies can be incredibly useful as a flexible tool to solve risk and return problems, but they are largely under utilised by asset owners in Australia. Alternative strategies form a key part of the Future Fund’s portfolio toolkit. This session examined how the use of hedge funds and alternative strategies has evolved over time … Read more
Insurance’s role in super shouldn’t be overlooked: AIA’s Clough
Compulsory insurance within superannuation plays a crucial role in good retirement outcomes, and removing it will come at great societal cost, industry figures argue.
60,000-plus revisions to performance data reflect funds’ eleventh-hour adjustments
There were 60,101 revisions made to data previously submitted by funds as the performance test deadline drew nearer, a number that is substantially higher than revisions to data during any other period, APRA’s latest disclosures have revealed.
