Lochiel Crafter, Asia Pacific head of State Street Global Advisors, interviewed the chief investment officer of Sunsuper, David Hartley, about super funds bringing investment management in house. The discussion focused on key drivers as well as what funds need to consider before making the move – and why Sunsuper does not yet undertake significant inhouse … Read more
There should be net benefit for members or advantages in terms of internal management for superannuation funds considering taking investment inhouse, according to Sunsuper chief investment officer David Hartley. He said funds should be prepared for the impacts internalisation could have on culture and processes. In an exclusive interview with State Street, published in its recently released … Read more
A growing understanding of how smart beta works is exposing the way some managers are charging high fees for the same product and labeling it as active, claims Towers Watson. The remarks were made in a presentation to leading institutional investors at the Conexus Financial Fiduciary Investors Symposium in the Blue Mountains, by Hugh Dougherty, … Read more
In the 22 years since its inception, Industry Funds Credit Control (IFCC) has secured more than $1 billion of unpaid superannuation guarantee (SG) contributions from employers. David Gibson, general manager of IFCC, says that between July 1, 2007 and June 30, 2011, the IFCC secured about $400 million of missed SG payments; in the 2011-12 … Read more
Mention any asset class to John Pearce and he will doggedly set out the good and bad thinking around it. A common source of his ire is the sight of investors herding around a belief based on a lack of rigorous thinking. Good practice for him involves standing up to accepted thinking or at the … Read more
Chair of the Superannuation Complaints Tribunal, Jocelyn Furlan talks to Amal Awad. What’s an average day like for you? An average day for the chairperson is a mixture of working on the business and working in the business. Since I’ve been chair we’ve undergone a huge change process at the tribunal to try and really make … Read more
Steve Bracks will be stepping down from his role as chair of Cbus to take up the position of Australia’s consul general in New York in September for a three-year term. Bracks was brought in as a director and chair for the $22-billion fund just under four years ago, with Cbus experiencing significant change and … Read more
AustralianSuper’s shift to running a third of its assets in house by 2018 will add $180 million to members’ returns, says chief executive Ian Silk, who sees the move as a moral imperative. The fund is setting up internal teams to run Australian equities, property and infrastructure this year and will steadily take on other … Read more
Fiscally challenged Australian governments wishing to maintain credit ratings and increase their cost of capital should consider the untapped resource of superannuation funds, said industry funds offering up to $15 billion for investment over 15 years. A range of government-owned infrastructure assets could be monetised to industry funds, argues a new paper released by Industry … Read more
Breaking the orthodoxy on how to invest default members might seem a risky career move, but Brad Holzberger is not showing any fear. “I do not feel under threat. We have the leadership of our senior management, the support and encouragement of the trustees. If I felt under threat, there is no way we could … Read more
Congratulations to the nine winners of the inaugural Chant West | Conexus Financial Super Fund Awards. The winners were announced on the evening of May 22 at Ivy Ballroom in Sydney and six funds, one consultant and two providers picked up the 10 awards. The winners were chosen after many weeks of deliberation by research … Read more
A greater focus on risk and responsibility has Cbus’ investment team engaging more deeply in the asset allocation process as part of a wider risk strategy. “In the past, it used to be a reasonable excuse to say we have no control over the underlying investments, it’s our fund managers that do [the allocation]. I … Read more
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In-depth interviews with leaders, experts and visionaries in the institutional investment community
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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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