Beware the gold rush to ESG
Billions of dollars are flowing into sustainable investments in what is being touted in the industry as the gold rush of ESG, but not all funds or strategies are created equal.
Costello says Future Fund ‘alert’ to market risks
Peter Costello said the board of the $165.7 billion Future Fund “remains alert” to growth and market shocks despite high allocation to risk assets.
Australia ranks third in world’s best pension systems
Australia is counted among the world’s best pension systems but needs to do more to encourage contributions, according to Mercer’s global study.
legalsuper appoints interim investment chief
The $4.1 billion industry fund has appointed Paul Kessell as interim chief investment officer following the departure of Edward Smith in September.
Absolute return back in vogue as volatility spikes
Newton Investment Management’s Aron Pataki expects money will likely return to absolute return strategies as markets enter a new era of low returns and wild price swings.
Linda Gruendken: Cycling in Cambridge and the randomness of markets
In this third episode, we talk about the applications of artificial intelligence to analysing credit markets and what degree of uncertainty can be built in a random market.
ASIC’s Shipton ‘excited’ about AI phone monitoring
Chair James Shipton is “excited” about the use of artificial intelligence to monitor conversations but insists the regulator doesn’t want to create a “police state” in Australia.
America, China and Donald Trump
As trade wars between the US and China dominate financial markets, Princeton historian Stephen Kotkin has assured pension funds that the world order that has been in place since World War II remains intact.
KPMG warns ‘open super’ may put funds under pressure
Just as open banking is expected to be a game changer for Australian lenders, KPMG said the new “open super” platform could revolutionise the country’s pension industry.
Gaming the insurance system
Risk pooling for members, central to the ongoing sustainability of insurance, is potentially at risk of being unwound as members exploit the system, says Retender’s Ilan Leas.
Sunsuper wants more co-invest, zero fees
Sunsuper’s head of alternatives Bruce Tomlinson says the $70 billion fund is looking to forge closer relationships with fewer managers and wants to pay them nothing while they’re at it.
APRA to name underperfomers
APRA deputy chair Helen Rowell has slammed the trustees of poor-performing superannuation funds and warned that the prudential regulator will put even greater pressure on them to lift their game following the publication of a widely-anticipated review of fund performance.
