The $6-billion Barangaroo development on Sydney Harbour was set to be the “Wall Street or Canary Wharf” of Australia and become a new centre for the country’s financial industry, a seminar on the project has been told. Peter Collins, the former New South Wales Liberal Party leader who is the chair of the Sydney Financial … Read more
“Everyone thinks the Australian dollar is overrated, but it won’t crack this year,” says the chief economist of State Street based in Boston, Chris Probyn, giving Australian investors a great opportunity to buy overseas assets. “On purchasing power parity, everyone thinks the Australian dollar is overrated. But markets can stay irrational longer than investors can … Read more
Prime Minister Julia Gillard says the marathon election campaign which will dominate public life this year is all about delivering certainty, but the length of the campaign risks leaving the financial industry hanging on several key issues. There is no doubt the Labor government has delivered some significant financial reform: there has been Future of … Read more
State Super is building its inhouse team, appointing former AMP Capital chief investment officer, Mark O’Brien, to general manager of investments. In a move that echoes a rising industry trend of hiring outside the sector, State Super’s chief executive, John Livanas, says industry silos are being broken down and it’s a good thing for the … Read more
Industry funds are taking to social media engagement, but an aversion to risk and leaner resourcing means Australian funds still lag behind other countries. An analysis of the social media footprint of 34 super funds shows that only approximately one-third of funds have a searchable social media presence, with levels of engagement varying significantly. “There’s … Read more
At the recent Conexus Financial Fiduciary Investors Symposium Chair Forum on the Mornington Peninsula, Sandy Grant, chair of Care Super, spoke to IM Online about super fund reforms.
The general framework for occupational pension plans can be described as intra- and intergenerational hybrid pension plans, with risk-sharing mechanisms between members and with sponsors. We define the degree of hybridity of a pension plan as the extent of risk sharing with the sponsor. At one end of the spectrum lie traditional defined-benefit (DB) funds, … Read more
When Nicholas Allen, the friendly new face of fund manager Eaton Vance, bumped into me in the street and asked me if I had been behaving myself, he didn’t know the half of it. Sadly, Nicholas and I were traveling in different directions as he assiduously expended shoe leather in the cause of his new … Read more
Infrastructure investor Industry Funds Management believes that 2013 could be a good year to invest in GDP-linked assets after significant investment in regulated assets in recent years. Kyle Mangini, IFM’s Melbourne-based head of infrastructure, says that valuations for GDP-linked assets, such as airports, seaports and toll roads are at an attractive point in the cycle, … Read more
National Australia Bank’s Asset Servicing business continues to win mandates from mid-ranking fund managers with the announcement of two new contracts with investment manager, Atrium Investment Management, and Fitzpatrick Private Wealth. NAB AS will provide administrative services to Atrium, a Sydney based multi-asset manager with just over $600 million in funds under management. Fitzpatricks is … Read more
The ASX-listed financial planning and funds management group, SFG Australia (SFG), has appointed the former head of investments for Zurich, Matt Drennan, as chief investment officer at Mosaic Portfolio Advisers. Mosaic is the portfolio construction and management arm of the SFG business, and produces investment products for SFG’s financial planning network, which includes Shadforth, Outlook … Read more
JP Morgan’s Australian head of custody sales, Bryan Gray, is anticipating a wave of custody reviews from superannuation clients in the second half of 2013, after funds navigate the transition to the MySuper regime. Yesterday JP Morgan was confirmed as the custodian for the $21-billion HESTA superannuation fund, which represents the health and community services … 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.
