Delegates at the recent AIST Global Dialogue tour heard of several ways that superannuation funds could invest in China’s amazing continued rate of growth. The value of Chinese equities has fallen from around 35 times earnings in 2007 to below 10 times earnings now. This is a clear buying opportunity for Stuart Rae, chief investment … Read more
Retirement as we know it will disappear, according to one of Australia’s leading strategic thinkers. Dr Stefan Hajkowicz, a strategist and principal scientist at CSIRO, is to present his thoughts on this and other mega-trends at the FEAL annual conference on August 7. “There’ll be a completely new, tapered retirement model emerge, of less work, … Read more
QSuper members have the highest satisfaction levels in the industry, with 89.3 per cent satisfied compared to an average of 65.6 per cent, according to Core Data. In a survey of 1,468 fund members, Core Data also found engagement overall has reached a three year high among, with baby boomers overtaking the pre-boomers as the … Read more
The removal of impediments to the creation of retirement income products should not go ahead until there is greater consensus on what purpose the superannuation system serves, David Murray has revealed. In talks with Investment Magazine at the offices of Australian Securities and Investment Commission in Sydney, the day after the release of the interim … Read more
Twenty Australian fund managers feature in Towers Watson’s listing of the top 100 alternative investment managers. In a list dominated by real estate and hedge fund managers, Towers Watson places Macquarie Group as the largest alternatives and the largest infrastructure manager in the world with US$96 billion under management (all figures are US dollar), followed … Read more
Mark O’Brien has been picked to head portfolio management for the amalgamated $60 billion New South Wales government funds. O’Brien, who is currently general manager of investments at State Super, will be joined in the management team by Steve McKenna, current chief investment officer for Work Cover, who will look after client interaction and solutions. … Read more
The survival of group insurance depends on funds, trustees, regulators and insurers working as a team, says Michael Dwyer, chief executive of First State Super, as none individually has the answer. The risk is that the youngest and healthiest members will exit insurance cover in response to large hikes in premiums, impacting further on the … Read more
There is a gulf between perception and reality of risk exposures by investment teams and committees, according to Roger McIntosh, head of investments at the Labour Union Co-operative Retirement Fund (LUCRF). Such lack of accurate insight into funds’ exposures has led him to introduce a risk assessment tool, MSCI’s Barra One, which is also being … Read more
Pragmatic, smart on costs and aware of his time coming to an end, Bob Henricks, the long serving chair of Energy Super talks to Investment Magazine. Australian superannuation funds have a reputation as some of the world’s toughest fee negotiators which must make Bob Henricks one of steeliest negotiators anywhere. He objects to the imposition … Read more
The nascent UK version of IFM Investors forsees a time when both will share ideas and co-invest, says Joanne Segars, chief executive of the National Association of Pension Funds, who is visiting Australia this week. After three years of planning, the Pension Infrastructure Partnership (PIP) invested its first funds in schools and hospital buildings earlier … Read more
The compulsory appointment of independent directors to superannuation fund boards is “inevitable within 18 months” believes Deloitte superannuation partner, Russell Mason, who sees it is an opportunity to address lack of diversity. Mason is urging funds to stop seeing the move as a threat, and instead to embrace it as an opportunity to build their … Read more
Susan Gosling and her team of five asset allocation specialists quantify risk in terms of how much their funds and end investors could lose if any one of 55 possible economic scenarios occurs. Funds are then stress tested under those scenarios and their asset allocation is modelled around it. It’s a point of differentiation as … 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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