In the so-called Year of Big Data, the “custodian of the future” is already here and working in the Australian market, according to Northern Trust country head, Rohan Singh. Singh, whose firm has $140 billion under custody and administration across Australasia, says that custody has already changed from a commodity to a value-added service, and … Read more
There is growing concern about government regulation among fund managers globally, a recent survey by Towers Watson has revealed. According to the annual Global Survey on Investment and Economic Expectations, fielded in November to December last year, more than half the investment managers surveyed see government intervention as the most relevant issue over the next … Read more
Colonial First State Global Asset Management (CFSGAM) has launched a new objective fund targeting Australia’s retirement market. The CPI Plus Fund targets a return of the CPI plus 4.5 per cent over a rolling five-year period, and addresses longevity issues by offering a perpetuity solution. Head of CFSGAM’s global investment solutions group, Joe Fernandes, says … Read more
Rohan Singh, managing director and country head of Northern Trust in Australia and New Zealand, talks to I&T News about the role of the custodian and how they can differentiate themselves.
In order to be bullish about their businesses, most investment managers need to take a long-term view. Globalisation, which involves the further integration of financial markets and economies, should promote the growth of pools of organised savings over the next decade or two. Because of ageing populations in developed and developing countries, demand for retirement-savings … Read more
Boston-based investment manager Eaton Vance, which established a new Australian office late last year, has launched a global equity fund in the Australian market targeting institutional investors. Eaton Vance is offering the Eaton Vance (Australia) Hexavest All-Country Global Equity Fund, which is managed through the firm’s new 49-per-cent interest, Montreal-based manager Hexavest. Industry superannuation fund, … Read more
Custodians and superannuation funds should establish clear protocols for the transfer of market data, says Jason Cotter, commercial manager of investments at AustralianSuper. Doing so will not only lead to reduced costs across the industry, but also prevent external companies from poaching business. Speaking at last week’s Investment Administration Conference in Sydney, Cotter said either … Read more
Acting chief executive of Media Super, Michael Rooney, is frustrated by the lack of data transparency of some of its service providers as the fund takes greater control of risk monitoring. Rooney says the fund is in the process of obtaining more indepth investment information for its annual reports. This is part of a two-phase … Read more
Trustees should be spearheading changes to the superannuation industry’s standards, according to Ross Jones, deputy chairman of the Australian Prudential Regulation Authority (APRA), who advises trustees to engage and consult with the regulator. “My recommendation is that trustees keep actively involved in this, that trustees don’t just outsource a lot of the decision-making processes,” he … Read more
Since the advent of mainframes in the financial services sector, the term straight-through processing (STP) has been with us to describe the ongoing integration of the front, middle and back offices, connecting parties to each trade electronically in order to reduce inefficiencies – and risk. By allowing the automatic transfer of information from one part … Read more
Discover how the Future Fund’s David Gonski thinks about governance and approaches his role as chairman of one of Australia’s largest funds in the second part of our Maverick Series video.
Transparency and efficiency amid industry change was the focus of last week’s 2013 Investment Administration Conference, held in Sydney. John Brogden, chief executive officer of the Financial Services Council closed proceedings with a keynote address on the state of the nation, discussing the potential outlook for financial services and the roles of its players. Pierre … 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.
