Jim Christensen: the right strategy may take three year’s to pay off

Success in current investment markets might mean choosing a strategy that only pays off in three years’ time, according to Jim Christensen, chief investment officer of Telstra Super. Christensen was speaking after collecting his award for chief investment officer of the year at the Conexus Financial Superannuation Awards Evening. “No one has got simple answers,” … Read more

AustralianSuper named fund of the year

The winners of the third annual Conexus Financial Superannuation Awards were announced last night in a ceremony at Ivy Ballroom in Sydney, with 300 guests in attendance. Awards were handed out across nine categories, with the night’s biggest award going to AustralianSuper for overall fund of the year. This night’s top fund was determined from … Read more

Removing superannuation from tax debate disappointing

A leading tax expert has expressed disappointment as the Government continues with its “blinkered” decision to remove superannuation from the tax debate. John Randall, superannuation partner at Deloitte, said the point of a review process was to have a serious, holistic think about what’s going to happen, but if GST, superannuation, or even fringe tax … Read more

Blending external and internal fund mangement: Telstra Super’s CIO Jim Christensen

Telstra Super, a $17 billion corporate super fund, has tailored funds for niches within the various investment strategies that it runs. It also has had a strategy to increase the level of internal management which has been effective in delivering targeted outcomes and helping to manage fees. Jim Christensen, Chief Investment Officer and finalist in … Read more

How technology is evolving super

A survey of superannuation fund chairs taken at the Conexus Financial Chair Forum, in conjunction with Milestone, earlier this year revealed a disconnection within superannuation. While chairs wanted to spend time on providing advice to members and to improving inhouse investment management, in reality they were being hindered by the time they had to spend … Read more

Ground-breaking retirement solution on public view, June 1

The creators of the most advanced program to calculate optimal investment and consumption strategies for retirees are to make a public demonstration of their work in Melbourne on June 1. David Schneider, head of research at UniSuper, plus Paul Newfield and Jeffrey Chee, both senior actuaries at Towers Watson, will speak at an Actuaries Institute … Read more

Can investors rely on the persistence of smart beta factors?

Twenty years of data on behavioural trading anomalies is enough evidence to show that factor or smart beta strategies have a high probability of working, Northern Trust’s head of global equities told delegates at the Fiduciary Investors Symposium. Matt Peron, who looks after active, passive and smart beta portfolios for Northern Trust, was answering what … Read more

Risk of crowded trades calculated by new research

Crowding is the single biggest mispriced risk for investors over a one-to-two year time horizon, according to Sasho Bogoevski, managing director, multi-asset solutions, AB. He told delegates of the Fiduciary Investors Symposium how his firm’s research had identified crowding around stocks common in low volatility portfolios as a particular concern and how several of AB’s … Read more

The rationale for in-house management

Christian Super, a $1 billion fund, insourced its impact investing portfolio because despite searching for a fund manager they couldn’t find one to take what they felt was a compelling investment case. Presenting at the Fiduciary Investors’ Symposium the fund shared its experience of moving insourcing, including cash and domestic fixed income, which were brought … Read more

Infrastructure valuation is not just about price to earnings

Infrastructure valuations should have greater focus than just multiples of earnings to price, a panel agreed at the Fiducary Investors’ Symposium. Headlines focus on multiples, based largely on the Capital Asset Pricing Model (CAPM), but this can be misleading and a greater focus should be put on cash flow and management, agreed Colin Atkin, executive … Read more