REST and Statewide actions put super industry on notice

ASIC’s new super enforcement and surveillance remit includes a focus on trustee competence and oversight that has led the regulator to investigate a “pocket of trustees” it believes is involved in misconduct, Karen Chester has revealed.

Funds hooked on equity and bonds need sophistication in alternatives: Mercer’s Nuzum

The senior investment leader describes the governance challenges as “huge” for funds moving into alternative asset classes because of the complexity and also because of the gap between the best and worst performing general partners and investment managers.

Consultants cheer on funds looking offshore for real estate

Offshore is becoming attractive for funds willing to look outside the traditional staples of the asset class as long as they have the right team picking the right assets, a panel of consultants has discussed.

Progress on climate transparency remains slow

For those who review manager issued documentation on sustainability it is largely apparent that many fund managers are still developing their TCFD reporting, Alex Wise says.

Blackstone remains ‘high conviction’ on travel and entertainment assets

While hospitality assets that were convention oriented will probably take longer to recover back to pre-COVID levels, these activities will come back and this mega trend will continue, Blackstone’s Kathleen McCarthy says.

Public-private inefficiencies driving real estate opportunities: AXA

It’s the inefficiency inherent in real estate that provides opportunities for investors to take advantage of illiquidity and price discovery at certain inflection points, AXA’s Justin Curlow explains.