The amount of risk taken by Australian based hedge funds has risen steadily over the past four years, according to ASIC’s 2014 hedge fund survey. The median gross leverage ratio of hedge funds has increased from 1.7 times NAV in 2012 to 2 times NAV in 2014 – ASIC says it is watching this figure … Read more
Maree O’Halloran AM, co-trustee of the year, is to step down from her role at HESTA today, where she has served on the investment advisory panel and the remuneration board. O’Halloran, who was named AIST’s joint trustee of the year in March along with Bob Henricks of Energy Super, resigned after she left her role … Read more
The superannuation arms of two major banks issued statements on Friday that said members of APRA regulated funds would be better off having independent chairs for their boards and one third of trustees as independents. Their applause for Josh Frydenburg’s move to change the governance model of super comes at a time when banks are … Read more
Class actions allow a group (or class) of people to bring a single claim against a defendant, and the fastest growing type of class actions are those initiated by investors. Trustees that don’t register for investor class actions are leaving member’s money on the table, says David Galloway, lawyer and fund executive. It might seem … Read more
Chairs of industry funds have reacted with pragmatism to the Government’s move to enforce one third of their boards to be independent and to have an independent chair. Many have already anticipated the change in legislation by hiring their first or second ever independent trustees with the explicit intention of filling skills on their board. … Read more
The Australian superannuation industry has been placed under tremendous pressure from a variety of directions. In recent years it has suffered countless government inquiries into fees charged to members. As guardians of national wealth, some of this attention is expected. In response, industry funds now have an opportunity to prepare for the future and end … Read more
Group insurance needs to move away from total and permanent disability (TPD) lump sum payment to income replacement and rehabilitation, a variety of insurance experts agree. There is a desire, coming from multiple quarters of the industry, do this as it is more sustainable for business and gives a better outcome to members “Rather than … Read more
The Retirements Benefits Fund (RBF) has invested $100 million in the GAM Absolute Return Bond Defensive Fund. The $5 billion Tasmanian public sector fund told Investment Magazine they have been giving a lot of attention to the absolute returns space. Dr Ian Lundy, chief investment officer at RBF, said it’s not an easy space to … Read more
Two of the most prestigious business schools in the world have encouraged the winners of the FEAL fund executive of the year award to focus on values, one’s legacy as a leader and on ways to deploy greater emotional intelligence. Robyn Petrou, chief executive of Energy Super, returned this week from from a course at … Read more
Cbus has appointed an investment specialist, equities, as part of its strategy to tailor mandates with its fund managers, in contrast to the growing trend amongst other sizeable funds to bring investments in house. The $31 billion fund has recruited Kiran Singh to the role. He has experience across both Asia and Australia, most recently … Read more
Local Government Super (LGS) has won SuperRating’s Infinity award for leadership in sustainable and responsible investment for the fourth time. The $9 billion fund now has more than $5 billion of members’ savings in sustainable and responsible investment strategies, including shares, private equity and direct property assets, the largest commitment of any super fund in … Read more
The investment intelligence behind Australia’s largest asset owners and their teams
In-depth interviews with leaders, experts and visionaries in the institutional investment community
Updates on the latest industry policy developments and regulation
The challenges and innovations of custody, technology and operational due diligence
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.
