At the suggestion of the CIO of one of the largest superannuation funds in Australia, Investment Magazine organised a roundtable of some of the most prominent thinkers on the subject of social impact investing to share ideas on how more of the $2 trillion invested in superannuation could do some social good. The meeting of … Read more
Cbus cut the investment costs on its $31 billion fund from 77 to 63 bps in the past financial year. Scale benefits from renegotiating fee structures, manager consolidations, savings identified through working with new custodian JP Morgan and the diminishing size of a private equity fund of funds portfolio have all led to the cuts. … Read more
The Financial Services Council (FSC) has used comments by the Assistant Treasurer to renew its calls to have the market opened up to its members. It believes this will increase competition and bring fees down. FSC’s chief executive Sally Loane said: “The Government’s proposal is in the best interests of consumers and should be implemented … Read more
Saker Nusseibeh is the chief executive of Hermes Investment Management and a regular public speaker, writer and commentator, appearing at leading industry conferences, contributing widely to the debate about how to improve the offerings of financial services to society, by challenging investment orthodoxy. That the financial and economic model failed in 2008 is beyond dispute. Quantitative easing averted … Read more
It has only around 10-15 per cent invested in Australian equities and manages equities in-house based on the research services of its parent Morningstar, and its range of multi-asset portfolios cover $4 billion in investments. Investment Magazine talks to Andrew Lill, chief investment officer of Ibbotson. Ibbotson runs $4 billion of assets invested on behalf of … Read more
Telstra Super has appointed JP Morgan Investor Services to provide master custody and investment reporting services as part of the internationalisation of its $17 billion portfolio. The fund now has 42 per cent of its assets overseas compared with a heavy domestic bias in previous years. This has led the fund to undertake a tender … Read more
Sunsuper is considering a number of strong internal candidates, alongside external candidates, to replace the outgoing chief investment officer David Hartley. The investment team operating under Hartley’s leadership has expanded from two to 21 over the past 10 years and is responsible for managing $34 billion in assets. The managers who directly report to Hartley … Read more
Managing director of PRI, Fiona Reynolds, has called on Australia’s super funds for more action on ESG implementation as part of the organisation’s bid to move from awareness to impact on ESG. In Australia as the guest speaker at the Women in Super national roadshow, Reynolds says that asset owners can ask managers for more, … Read more
The sheer weight of assets held by passive managers is dramatically increasing their power to engage with companies on issues of corporate governance and ESG. Investment Magazine investigates the mixed messages coming out of the three biggest passive managers as they attempt to meet engagement expectations from institutional investors. Two trends are causing institutional investors to ask more from passive management, fuelling a change … Read more
HESTA has appointed Gary Gabriel, as general manager of investment strategy and risk, as part of a restructure in responsibilities and reporting lines and a growth in capabilities. Gabriel joins a team that in July appointed James Harman to the role of general manager of listed assets and Andrew Major to the new role of … Read more
The value of a business is linked to its corporate values said World Vision Australia chief executive Tim Costello, who exhorted super fund executives to consider the difference between success and significance. In a well received and thought-provoking address to 170 fund executives at the FEAL national conference in Melbourne, Costello – brother of former Treasurer, Peter … Read more
A whole-of-fund modelling exercise by Qantas Super has helped inform a decision to move to a new lifecycle fund in October. Jane Perry, chief executive of Qantas Super, told delegates at the FEAL National Conference how the modeling exercise – undertaken together with Russell Investments over four months in 2014 – was made with the … 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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