Ian Lundy, chief investment officer at RBF, has moved the Tasmanian super fund to a more conservative standing, focusing on operational efficiencies to improve performance. That said, some distinctive quirks remain. Last year Tasmania had three super funds – now it has two, following the completion of the merger between Tasplan and Quadrant on November 30, 2015. The … Read more
In March 2014 at the Conference of Major Super Funds (CMSF) on the Gold Coast, David Gonski, the chair of ANZ Bank and Coca Cola Amatil and a member of numerous other boards, gave a highly influential speech to a full house of industry fund representatives on what good governance looks like. He gave a … Read more
Some of the foremost experts on good board governance met at the Australian Institute of Superannuation Trustees (AIST) offices in Melbourne answered six question aimed at teasing out best practice. Who is responsible for board culture? How do you build it, and fix it if it goes bad? The discussion broadly agreed that the chairman … Read more
Investment Magazine asked leading figures for their thoughts on how digitisation of information for members, providers and super funds will change the business of running superannuation funds in 2016. Damian Moloney, chief executive, Frontier Advisors spoke of the trend to what he calls “retailisation”, where members have a better digital interface with their fund and … Read more
If you keep significant facts hidden, then suddenly make them public it is going to generate big interest. This is what happened when APRA forced the disclosure of the remuneration paid to chief executives, chief investment officers and chairs of APRA-regulated superannuation funds. Consequently, Investment Magazine published its first-ever salary survey in February and created … Read more
What books do chief investment officers read to give them an edge? Earlier in the year we asked Mark Delaney, chief investment officer of AustralianSuper, and Matt Whineray, chief investment officer of NZ Super, to recommend recent books that had changed the way they think about investing. For good measure, Investment Magazine’s personal choice goes … Read more
Kinetic Super and Equip have both announced fee reductions as an early Christmas present to their members. At Equip, a combination of the end of a 0.08 per cent levy to build fund reserves and investment cost efficiencies of 0.07 bps led to a MySuper member with a $50,000 balance seeing their annual fees drop … Read more
My friend David Adiseshan died eight weeks ago. His death has impacted me deeply, and I wanted to share some thoughts on his life with people in the industry. Our lives had intertwined for two decades and his loss for both the industry, and myself, is great. I first met David in his fancy Governor … Read more
When we quizzed a group of leading figures and funds to pick their biggest causes for celebration in 2015, the special outcomes from the growing scale and sophistication of the very largest superannuation funds stood out. Where the industry has pulled together on investment fees and product innovation there have been further triumphs. The triumphs … Read more
Clients of IFM Investors are to gain access to attractively priced active large-cap equities from mid-2016, after the industry fund-owned fund manager poached a nine-strong active equity team from AMP Capital. Australian long-only active equity, Australian long-short equity and Asian long-short market neutral capabilities will bring IFM closer to a full-service equity offering. Brett Himbury, … Read more
Australian Ethical is to divest from companies that supply gas, as it believes improvements in renewable energy technology are making low-carbon energy sources unnecessary. The $1.3 billion fund has never invested in coal or oil, and led the move to divest from coal seam gas in 2011. However, it has long invested in domestic companies … Read more
The Paris climate agreement has been hailed for recognising the role institutional investors will play in meeting new carbon emission targets and keeping climate change below 2 degrees of warming. Fiona Reynolds, managing director of the Principles for Responsible Investment (PRI), described the agreement between nearly 200 governments around the world as the turning point … Read more
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In-depth interviews with leaders, experts and visionaries in the institutional investment community
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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.
We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
