The Future Fund is using insights from key hedge funds to help predict macroeconomic impacts on its portfolio, delegates heard at the 9th annual Absolute Returns Conference in Sydney. Craig Dandurand, director of debt and alternatives at the Future Fund, explained how its ‘competition of ideas’ approach made it more open to such external input. … Read more
A combination of lacklustre performance, a growth in co-investments and liquid alternatives, are putting downward pressure on hedge fund fees, delegates heard at the 9th annual Absolute Returns Conference in Sydney. Richard Johnston, managing partner at Albourne, said the move was being accompanied by a greater questioning of the talent that investors were paying for. … Read more
Evolving relationships with managers and an openness to different investment vehicles is a theme for two of the country’s largest investors in hedge funds –– Sunsuper and AMP Capital – with both investors looking at co-investment in fund of funds and niche strategies. Speaking on a panel entitled Investor trends in hedge funds at the … Read more
The rise and development of alternative beta strategies are reminiscent of the early days of the internet, Philippe Jordan, president of Capital Fund Management told delegates at the Absolute Returns Conference. Investment banks, large institutional fund managers, hedge funds and consultants are all competing to offer such strategies which rely on the use of algorithms … Read more
Former chief executive Bill McMillin is due to return to TWUSUPER after the current chief executive, Paul Sayer, resigned from the position after less than a year in the role. Sayer was the fourth chief executive at TWU Super in the space of two years, starting the role in late 2014. Debora Jackson, who took … Read more
A year on from appointing its first chief investment officer, Vision Super has reduced the operational management expense ratio (MER) by 42 per cent and the investment MER by 25 per cent. Michael Wyrsch was appointed with the expressed mandate of reducing the investment costs with its custodian (National Australia Bank), its investment consultant (Frontier … Read more
At least four super funds are contributing to the inaugural Impact Investor Survey which aims to provide critical insights to help grow the opportunities for investments that deliver positive social or environmental impacts in addition to a financial return. Christian Super, First State Super, HESTA and VicSuper, who have all separately shown leadership in this … Read more
QSuper will start managing default members’ investments through, instead of to retirement within the next few years. Speaking at an IMCA seminar in Sydney, Brad Holzberger, chief investment officer of QSuper, revealed it had always been the fund’s intention to do this, but its first goal had been to launch its accumulation cohort strategy in … Read more
Industry funds, with their ideology and history of affecting change due to profit-for-member motives, have been instrumental in driving transformation over the past decade, pressuring passive fund managers to vote their stock in companies. Investment Magazine examines how this is changing the skill set of passive managers and if this will impact on costs. Increasing pressure … Read more
The sixth largest asset manager in the world has said ESG investments have become intrinsic to its strategy. Douglas Hodge, chief executive of the $1.59 trillion global investment management firm PIMCO, argued it was in their own interest to analyse ESG risks in todays changed world, in his opening address to delegates at the PRI … Read more
An equities portfolio that truly maximises returns and minimises risk will have an allocation of only 34 per cent domestic equities and 66 per cent in global equities, according to Olivia Engel, head of active quantitative equity, Asia Pacific at State Street Global Advisors (SSgA). Research carried out by SSgA to find the optimal Sharpe … Read more
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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.
