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
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
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 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
The thesis that institutional investors should take a higher weighting to global small caps split opinion among a panel of investors at the Fiduciary Investors’ Symposium. Andy Flynn, co-portfolio manager of global small caps at William Blair, told delegates there has been a sharp increase in the investable small cap universe over the past decade … Read more
Equip’s newly created liability management role is part of a wider strategy, set by chair Andrew Fairley and implemented by chief executive Danielle Press, for the fund to meet its fiduciary duty by innovating. The role is the second new position within the superannuation industry to be created by the fund over the past … Read more
A revolutionary program that offers robo-advice on optimal investment plans for individuals could change the face of retirement offerings for superannuation funds. The model, which has been created by three actuaries, factors in detailed statistics on investment, health and mortality, alongside personal data on wealth, income requirements and risk preferences. The multiple inputs have been … Read more
Publishing indirect costs for the previous financial year may be at an end. A new era in which super funds are expected to predict the future, at least as far as indirect fund management costs are concerned, is being ushered in by the corporate regulator. Funds which still have an indirect cost ratio (ICR) … Read more
Legalsuper hopes to announce its first ever chief investment officer at the end of this month. This is the $2.6 billion industry fund’s second try at appointing a CIO, after its search in October for a senior industry figure looking to convert from a full-time to a part-time role did not yield enough candidates. Changing … Read more
Higher cultural standards that expose wrong doers in the investment industry and makes their recruitment less likely, are urgently needed says Kate Misic, the new president of the CFA Society of Melbourne. Misic, who is also head of alternatives investments at Telstra Super, wants fund managers and institutional investors to endorse the CFA’s Statement of … Read more
Susan Gosling is the head of investments at MLC, the retail arm of NAB’s wealth management business, and a chief investment officer finalist in Conexus Financial’s Superannuation Awards 2015. She is responsible for MLC’s multi-asset portfolios, both the traditional diversified portfolios and their outcome based Inflation Plus strategies. She is particularly passionate about the Inflation … Read more
UniSuper’s Kevin O’Sullivan has leapt to the top the leaderboard for the Women in Super Mother’s Day Classic (MDC) Boardroom Challenge raising more than $9,000 in 11 days. With two days left to go before the event, the leaderboard could still all change. Also taking part in the challenge is CareSuper’s Julie Lander, Cbus’ David … 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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