The Productivity Commission has failed to recommend an open, transparent and competitive superannuation system, according to the Financial Services Council (FSC). “This report is a bitter disappointment and a missed opportunity,” chief executive of the Financial Services Council, John Brogden said. “Default superannuation will remain the domain of the industrial system. Twenty years on, nothing … Read more
Craig Hurt, chief executive of AXA Investment Managers in Australia, says he is concerned at some of the growth strategies the large Australian superannuation funds are using as they look for growth in a flat investment landscape. Speaking to I&T News last week – as part of the cover story for the upcoming edition of stablemate … Read more
I&T News has a new columnist, one of Sydney’s biggest investors and wheeler-dealers, who goes by the nom de plum, Castlereagh. Not only has my gout flared up again after a big week on the lunch circuit, but I’m scratching my head and wondering if the financial world is passing me by. Here’s the thing. I’m … Read more
Former Perpetual stock-picking guru John Sevior’s new venture, Airlie, has selected RBC Investor Services to provide a range of investor services including custody, unit registry and fund administration. Headed by Sevior and former Treasury Group managing director David Cooper, Airlie began formal operations in September after getting the tick from regulators. “We have chosen RBC … Read more
Independent investment management firm Mason Stevens has announced the appointment of Jack Chemello as head of equities. Chemello joins the firm from BT where he held a range of senior positions including portfolio manager of the BT Imputation Fund. In the new role, Chemello will oversee all aspects of developing Mason Steven’s equities business,and will … Read more
Institutional investors had shown strong interest in listed infrastructure over the last 18 months as competition for unlisted infrastructure has hotted up, according to Peter Meany from Colonial First State Global Asset Management (CFSGAM). Meany is CFSGAM’s head of global listed infrastructure, and told a media briefing this week that his flagship fund had seen … Read more
Insourcing of investment teams by Australian superannuation funds is an “opportunity, not a closed door” for US fund manager Neuberger Berman. George H Walker, the chairman and chief executive officer of New York-based Neuberger Berman, is in Australia this week to meet with clients and told I&T News his firm was working with several Australian … Read more
Sunsuper chief executive Tony Lally can be forgiven for being a little saddle sore this week. Lally, a cycling Olympian for Ireland at the 1980 Olympics, rode 200km on the weekend as Sunsuper sponsored a record-breaking charity ride to raise funds for the Chris O’Brien Lifehouse project at Sydney’s Royal Prince Alfred Hospital. A total … Read more
“What keeps you up at night” might be an expression which is overdone in some industries with little change, but you could never say that – right now anyway – about Australian superannuation. For all our success in creating, inside two decades, the world’s fourth largest fund management industry – around one third of it … Read more
Cbus is to be applauded for showing the way in transparency, with its latest annual report disclosing more information about the fund’s investments, director and executive remuneration than ever before. It’s clearly a leader and should be recognised for this; it takes courage to jump ahead of the pack when there is no compulsion to … Read more
New entrant Denmark is the star performer in this year’s Mercer Global Pension Index, with the Scandanvian nation’s pension system ranking first out of the 18 countries surveyed. Australia increased its index score from 75 to 75.7 this year, but was ranked third behind Denmark (82.9) and the Netherlands (78.8). The average score of the … Read more
In an interview with www.top1000funds.com, John Kay, economist and author of the UK government-commissioned enquiry into long termism and the UK equity markets, has said it is “fanciful to imagine large number of trustees will have the skills and knowledge to have long-term relationships with corporates”. Kay says the key players in the UK equity … 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.
