No innovation award for super

There will be no award for innovation in the 2016 Conexus Financial Superannuation Awards owing to a paucity of new ideas in the industry. The outcome arose after the selection committee could not pick a winner from 13 separate fund applications for the award. The seven-strong committee which included representatives from retail and industry super … Read more

Investors’ skill put to the test in 2016

Investment teams’ skill will be tested to the full in 2016 owing to gloomy growth forecasts and less scope for finding differentiated ideas according to Debbie Alliston, head of multi-asset portfolio management at AMP Capital. Alliston compares the current high correlation in markets to the much clearer trends of a year ago when asset classes … Read more

Sunsuper gains $28 million from middle office sign-off on investments

Sunsuper’s move to involve its investment operations in execution and implementation of investment decisions has saved the fund more than $28 million in transaction costs over the past eight months as the fund has been transitioning its assets. Lounarda David, chief investment operations officer at Sunsuper, described the savings as “enormous”. “These savings wouldn’t have … Read more

Default, member engaged and pension fund of the year shortlists revealed

Shortlists for the Conexus Financial Superannuation Awards have been released. The funds recognised as having the best MySuper default products, the best member engaged services, and the best pension funds in the past year have all been named in advance of the awards ceremony at Palladium at Crown, Melbourne, on March 3, 2016.   The funds … Read more

Becoming a super fund director; book review

Robyn Weatherley has spent close to ten years observing the working of boards, both at Cbus and at NAB. She has drawn upon this experience to create a first-timer’s guide to joining a board. Anyone considering taking the plunge as a first-time director of a superannuation fund – or any board, should read Robyn Weatherley’s … Read more

Hartley’s know-how to inform Australian Catholic Super

David Hartley, the former chief investment officer of Sunsuper, has been appointed to the board of the $7 billion Australian Catholic Super fund. Hartley brings 35 years’ investment experience to the role, including 10 years at Sunsuper and 12 years at Mercer, where he served as an investment consultant for Australian Catholic Super. He will … Read more

Large, medium and small super fund of the year shortlists revealed

The shortlists for the Conexus Financial large, medium and small Super Funds of the Year have been announced. The lists have been made available ahead of the Conexus Financial Superannuation Awards at the Crown Palladium, Melbourne, on March 3, 2016. Large super funds were defined as those that have more than $10 billion in assets; … Read more

HESTA compares impact investing to early days of infrastructure

HESTA believes the impact investing market is similar to the early days of the infrastructure sector, and on this basis it has invested in social housing to help develop investable models. As Investment Magazine reported following a roundtable on the issue, there is a growing appetite among super funds for impact investments, but few suitable … Read more

Prime Super appoints new insurance partner and awards new mandate

Prime Super has appointed CommInsure as its insurance partner and has also awarded a mandate to multi-asset manager PineBridge. CommInsure was selected as the super funds new group insurer after a competitive tender process, with the partnership to take effect from May 1, 2016. Lachlan Baird, chief executive officer of Prime Super, said the goal … Read more

Vision Super insources investment operations

Vision Super has insourced investment operations over the past 10 months to improve operational efficiencies and leverage direct insights from the investment data captured. In March 2015 the $7.6 billion fund created a “head of investment operations”, followed by an “investment operations analyst” role in September 2015. Vision Super says this has transformed its day-to-day … Read more

Siapikoudis appointed to Frontier Advisors

Peter Siapikoudis will join Frontier as senior consultant from March 2016 and will lead the firm’s infrastructure research. Siapikoudis is well known in institutional investment circles, and particularly within the infrastructure space, as a former senior executive at Hastings Funds Management, where he was chief executive and portfolio manager of The Infrastructure Fund (TIF) and … Read more

What COP21 means for investors’ to-do list

The ambitions and provisions of the Paris Agreement are clear, as is its future impact on returns. Investors responding to growing and changing risks can contribute to stabilising both the climate and capital markets in the coming decades. And as Jane Ambachtsheer writes, the ball is now in the court of the world’s fiduciaries – … Read more