The Australian market has too many domestic and international fund managers and is heading for a major “structural shift”, according to chief executive of Bennelong Funds Management, Jarrod Brown. In an interview with I&T News, Brown said that while his boutique – which manages around $3 billion for a range of Australian institutions – had … Read more
State Street Corporation has scored a win over main rival National Australia Bank in the custody sector, winning a custody mandate from $625-million fund, Christian Super. The appointment follows a review of its custody arrangements by the fund, with chief executive Peter Murphy saying that Christian Super’s strong growth in the last few years had … Read more
Debt issues by emerging market corporations might seem risky and volatile at the moment, but it was set to develop strongly as an asset class, according to HSBC’s Marge Karner. A senior portfolio manager with HSBC Global Asset Management, Karner told I&T News that despite its growing prominence, “emerging-market corporate debt still remains an under-owned … Read more
The federal government has announced funding for a scholarship program aimed at improving the gender balance of superannuation boards. Minister for Financial Services and Superannuation Bill Shorten has announced $150,000 funding for the Australian Institute of Superannuation Trustees (AIST) and Women in Super (WIS) to deliver the program. The scholarship will enable qualified women to … Read more
Post-retirement represents the biggest challenge to Australia’s superannuation industry and yet the sector was failing to address the growing issues either through advice or through product design. These are the views of the author of a white paper, entitled Boomer, Herding, Denial and Zeitgeist, published last week by research house Lonsec and actuaries Milliman. The … Read more
“How can invalidity claims be managed – applying strict, legalistic definitions – and yet reduce anxiety and defuse anger as such processes provoke?” I addressed this question at the recent Conexus Financial Group Insurance Summit, where I explored how I reviewed an invalidity-claims process for a public sector super fund, leading to a halving of … Read more
Over the past 20 years, the median fund returned 6.6 per cent per annum, which is in line with the consumer-price-index plus 3.5-per-cent target that many balanced options state in their objectives. Most funds are in the process of distributing annual member statements with a message of positive, albeit modest, performance. While results are currently … Read more
Castlereagh was more than a little frustrated this week that he was not able to pull off a brilliant Halloween joke. There I was, all dressed up as a ghoul to impersonate local UBS chief, Matthew Grounds, in what I thought was the safe assumption that he would be presiding over some local job cuts, … Read more
The world’s largest asset managers should be using the advantages of their size and scalability to adjust their fee structures, according to Craig Baker, global head of manager research at Towers Watson, which just released this year’s Pensions & Investments/Towers Watson World 500. “The advantage of a large manager is they could structure their fees … Read more
Lend Lease has appointed Kylie Rampa to the position of managing director for its Australian investment management business, reporting to Tarun Gupta, chief executive officer of property in Australia. In this role Rampa will oversee the group’s $8.8-billion Australian funds management and separate mandates platform, which also includes responsibility for its retail asset management and … Read more
Lend Lease has appointed Kylie Rampa to the position of managing director for its Australian investment management business, reporting to Tarun Gupta, chief executive officer of property in Australia. In this role Rampa will oversee the group’s $8.8-billion Australian funds management and separate mandates platform, which also includes responsibility for its retail asset management and … Read more
The story of failed managed-investment scheme Great Southern was a “familiar one of greed”, the Supreme Court of Victoria was told this week. The long-awaited class action brought by more than 20,000 investors in the failed forestry group began this week, the court packed with more than 30 lawyers representing investors, Great Southern directors and also … 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.
