Bain Capital matches CC Capital bid for Insignia
Bain Capital has made a revised offer to take over ASX-listed wealth giant, Insignia Financial, matching the offer from CC Capital last week.
Funds SA hones in on performance after investment function review
Since taking over the top job at the $44 billion Funds SA more than a year ago, chief executive John Piteo has ushered in an investment function overhaul and wrapped up an important stage of the fund’s five-year data transformation program. It pledges to recentre around investment performance and more efficient processes, as the “missing piece” has been found in incoming CIO Con Michalakis.
Bragg’s issue with Cbus trust deed misses the point
Almost every discussion about superannuation has become politically charged, even on esoteric issues such as historical trust deed amendments, over which Coalition Senator Andrew Bragg is accusing Cbus chair Wayne Swan of misleading the Senate.
CIOs on managing ‘mad, happy’ families and their own use-by date
The job of the chief investment officer has changed as super funds themselves have evolved in scope and scale. Today, the job is as much about managing a – sometimes global – asset management business as it is about managing investments. Staying focused on meeting the long-term objectives of fund members is an increasingly taxing task and, inevitably, all CIOs have a “use-by” date. For some, that day is closer than for others.
Asset owners spot key AI applications in portfolio management
AI can add value in almost every part of the investment process, providing support in information gathering and analysis, sometimes from non-traditional and hard-to-access data sources, for portfolio management purposes. A recent CFA Institute Research and Policy Center featured case studies from NSW government pension fund State Super and other global asset owners.
Super funds post double digit CY return
Super funds REST and AMP Super have posted double-digit returns for their MySuper products, thanks to strong international equities performance.
Insignia receives new takeover bid from CC Capital
ASX-listed wealth giant Insignia Financial has received a non-binding, indicative proposal from private equity firm CC Capital Partners.
Trump, inflation and the challenges of the year ahead
As super fund CIOs return to work for 2025, all eyes are on two things: Donald Trump’s presidency, and inflation. But they’re not the only issues that will drive investment decisions and returns, and some of them may present an unfamiliar set of challenges for a cohort of investment professionals that has grown up experiencing a particular set of market and economic conditions.
Swiping left and right on dual-class shares and stockholder agreements
Some believe that dual-class share structures represent worst-in-class corporate governance practice, undermining the widely accepted principle of one share, one vote. Dual-class shares continue to be the subject of much debate, as they give some investors voting rights that are vastly disproportionate to their economic interests. But as Australian asset owners increasingly invest abroad, most already have investments in big dual-class stocks like Meta Platforms, Alphabet, Apple and Berkshire Hathaway.
Government establishes regulatory grid
The government has established the Regulatory Initiatives Grid, aiming to better streamline and coordinate regulation in the financial sector to help build a more competitive, dynamic and productive economy.
NESS Super partners with Otivo for digital advice service
Electro-technology profit-to-member fund NESS Super has partnered with digital advice provider Otivo.
Growth super fund on track to finish CY24 with 11 pc gain: Chant West
The median growth option in super funds are on track to finish the 2024 calendar year with an 11 per cent gain, according to the latest estimate from research house Chant West.
