Samild’s ‘joined-up’ worldview en route to Abu Dhabi

After two years in the top investment job at Australia’s sovereign wealth fund, Future Fund chief investment officer Ben Samild is off to the Middle East to manage money on behalf of the Abu Dhabi emirate. Samild’s longstanding devotion to the total portfolio approach he calls “joined up” might be well suited to an even bigger asset owner, but his ability to continue to promote a less “macho” financial industry culture is less certain.

Trustees have fiduciary duty to compensate Shield, First Guardian victims

Former ASIC Commissioner Danielle Press says she believes superannuation trustees owe a fiduciary duty to investors for the products they allow onto platforms. Press, who is leading a governance overhaul at listed wealth manager group Sequoia Financial Group, and is also independent chair of Insignia Trustees, says it doesn’t matter what form a superannuation offer takes, the trustee obligation is the same.

Kapow! ART confirms $2bn commitment to impact investing

The $350 billion Australian Retirement Trust has confirmed that it will commit $2 billion to meeting 2030 impact investing targets, as first reported by Investment Magazine. Its initial $1 billion investment sees it joining other asset owners including UniSuper in the Macquarie Green Energy and Climate Opportunities Fund.

Retirement Reporting Framework needs to challenge, not pander to industry

The Conexus Institute’s initial scepticism about the impact of the Retirement Reporting Framework reforms has been replaced by cautious positivity. But for the reforms to have meaningful impact they must stretch the industry, creating discomfort among funds to nudge them to do better by focusing not on what the industry can currently deliver, but rather the data that funds should be collecting to gauge the progress of their own retirement income strategies.

Future Fund flags expansion of active equity program

While the chief investment officer of Australia’s sovereign wealth fund says that it isn’t ready to step away from the tech opportunities available in the US market, there are “real opportunities” to exploit inefficiencies in other regions, including emerging markets.

HESTA prepares AI investment framework for total fund clarity

The $98 billion HESTA is laying the groundwork for a more systematic framework for using AI across its total portfolio, solidifying use cases in research, forecasting, risk management and private assets that all centres on the objective of “seeing risks earlier and clearer”. But being a cost-conscious profit-to-member fund, it is striking a careful balance of identifying areas where it can add most value while introducing least complexity to its operations.

Asia Pacific’s private credit boom: opportunities, risks, and what’s next

A boom in private credit in Asia continues to attract asset owners looking for consistent yield in a volatile geopolitical environment. But as the sector matures, asset owners face both opportunities and challenges, requiring smarter asset allocation, robust data platforms and increased digitisation to navigate.

How Australian investors should think about US investments today

In today’s increasingly uncertain environment, broadening investment exposure beyond traditional bonds and equities is becoming not just prudent but essential. But two guiding principles offer investors the best potential outcome and protection in a portfolio: never bet against America; and when in doubt, diversify.