Superannuation funds are tapping into a global research project to find a new form of long-term investment management. The Thinking Ahead Institute is pooling feedback from a group of 31 international fund managers and pension funds to help create the structure for a long term mandate that has scale, low fees and ultimately gives members … Read more
It may have gone unnoticed by many, but Friday 26 June 2015 was a highly unusual day in the history of superannuation legislation and our parliamentary process. On the same day that the government released exposure draft legislation to change governance arrangements in superannuation for public consultation, APRA wrote to RSE licensees to outline its … Read more
Sunsuper has moved to a one third independent, one third employer and one third employee representative model for its board. Michael Traill AM and Andrew Fraser will start their duties as independents this month and will join Jenni Mack who was appointed as the fund’s first independent in July. All were unanimously selected by the … Read more
A confident public speaker and a voice on investment trends and macroeconomic conditions, Brian Parker joined Sunsuper in the newly created post of chief economist in June, after nearly 10 years at NAB Asset Management. He explains his new role to Investment Magazine. Banks, large fund managers and governments employ chief economists, but until now it is not a common job … Read more
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
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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.
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