Asia, demographics and growth engines have led to a greater emerging market exposure for Hostplus, says chief investment officer Sam Sicilia. The superannuation fund recently invested $140 million as part of a diversification strategy that encompasses global emerging markets. “We also had a focus on where the growth engines in the world would be, and … Read more
At the ASFA conference in late November 2012, Rice Warner launched its Beyond Lifecycle approach to investing, which uses a default dual-portfolio to address both liquidity and growth risks. Investment Magazine asked these questions of the Rice Warner Actuaries founder and chief executive. Lifecycle funds are now a familiar concept. Are you suggesting they are … Read more
Adjectives such as titanic, gargantuan and elephantine do not go far enough to describe the task for superannuation funds of meeting the requirements for data collection of the Australian Prudential Regulation Authority (APRA) and provision of insurance to meet MySuper standards. But from July 1, the job is going to get bigger, as new rules … Read more
AMP Capital has boosted its alternatives team with the appointment of Dr Alistair Rew as senior portfolio manager and Celine Nguyen as portfolio manager. Rew, right, comes to the position after roles at XL Group, working in the firm’s London, New York and Sydney offices, where he was managing director and had responsibility for the … Read more
As 2013 begins, Castlereagh is feeling his age just a little bit more. I was exhausted from work when I broke for Christmas, and now I’m virtually comatose from all the partying and socialising I forced myself to do over the New Year. Life has become a state of permanent exhaustion, but it seems I … Read more
The global listed-property sector performed well in 2012 and the Australian real estate investment trust (REIT) market has strong prospects for 2013, according to asset management firm Principal Global Investors. Principal released a report on global real estate securities last week, noting that a “fundamental improvement” across real estate markets had seen the benchmark FTSE … Read more
Pierre Jond, chair of the Australian Custodial Administration Conference (ACSA), talks about changes in the world of custody in advance of 16th Annual Investment Administration Conference, to be held at Sydney’s Hilton Hotel on February 13.
The Stronger Super reforms needed to engage more with employers as a critical part of the superannuation industry, according to Westpac’s Emma Dobson. Dobson, the bank’s director of global transactional services and a member of the government’s SuperStream advisory council, says she believes that too much of the Stronger Super focus has been on “front … Read more
Canadian pension funds and international sovereign wealth funds have continued their investments in Australian infrastructure and property in recent months, but local funds are far from inactive in this sector and their investment models continue to evolve. CPPIB pumped $872 million into the AMP Capital Retail Trust in November 2012 November saw the Abu Dhabi … Read more
A significant allocation to alternatives produces a more resilient portfolio, according to a leading QIC investment manager. The skilful addition of alternative assets to diversified portfolios should produce “robust portfolios which can handle just about everything,” according to QIC head of alternative investments James Dick. Dick, who describes himself as a “proud beta manager,” has … Read more
In the search for yield in fixed income, investors have developed something of a herd mentality and piled into debt issued by some of the world’s most indebted countries. It is a phenomenon driven by index-based investing which Andy Seaman describes as “bonkers.” “Over time that indexation has seen more and more money driven into … Read more
The board of the Future Fund has a new way of operating since David Gonski became chair and instituted a number of governance structures from his knowledge in the corporate world, most specifically a committee structure. With vast experience on boards in the corporate, not-for-profit education and arts worlds, he has some clear views on … 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.
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.
