CIO of the year shortlist released

The shortlist for the chief investment officer of the year has been released in advance of the Conexus Financial Superannuation Awards at Palladium at Crown, Melbourne, on March 3, 2016. Long-term performance (5 years) formed the majority of the weighting, with leadership, contribution to industry, complexity of fund, managing an internal team, ability to run … Read more

Super funds can benefit from “dread risk”

Long term investors stand to gain from fear in markets as fundamentals remain sound report chief investment officers. A common take on the fear which has led to falls of up to 10.5 per cent in US equities and 8 per cent in Australian equities in January, is that investors – particularly retail investors – … Read more

Coal is dead

Renewable energy infrastructure is an immature market and needs an accepted definition of equity risk, according to Jim Barry, global head of Blackrock Infrastructure Investment Group. This lack of a common language means investors need to be very clear on what risk exposure they are looking for and where they “play” in renewable energy. Speaking … Read more

Rob Hogg to leave Frontier to join UniSuper

Rob Hogg, who has been the head of capital markets and asset allocation at Frontier for eight years, is to replace David Schneider at UniSuper. Hogg, who will join UniSuper on March 7, will have the title head of global strategies and quant methods. Schneider who headed UniSuper’s quant team while also providing actuarial skills … Read more

Future Fund’s head of debt and alternatives evangelical about CAIA

The Future Fund’s head of debt and alternatives believes the Chartered Alternative Investment Analyst Association (CAIA) provides an important educational baseline for investment managers wanting a broad portfolio view. David George, who also volunteers as the Australian chapter head of CAIA, said as the Future Fund takes a whole-portfolio view it was important for his … Read more

CIOs can play role in bolder Australian companies

Chief investment officers have a big role to play in encouraging boards to think long-term as a fear of failure is promoting short-term thinking at ASX companies, a survey has found. Interviews carried out with 80 ASX company representatives including chairmen, non-executive directors and chief executives, by recruitment firm Blenheim Partners, and released in a … Read more

Cbus pursues co-investment strategy with IFM’s US toll road

Cbus has co-invested in excess of $140 million with IFM Investors Global Infrastructure Fund into the Indiana Toll Road (ITR), as it tailors its allocations as part of an overall portfolio strategy. IFM acquired a 100 per cent equity interest in the toll road’s concessionaire and operator, ITR Concession Company, at an enterprise value of … Read more

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