How high is your portfolio’s exposure to potential stranded carbon assets? According to Generation Asset Management, stranded assets are those with a value that would change dramatically, either positively or negatively, under certain scenarios such as a reasonable price on carbon or water. The soon-to-be-introduced Clean Energy Plan will put a price on carbon emissions for … Read more
Growth in the volume of fixed income funds managed by BlackRock in Australia has seen the firm’s Singapore-based head of Asia-Pacific portfolio management, Michael Prljaca, join the manager’s fixed income team based in Sydney. Prljaca will report directly to BlackRock’s head of indexed and enhanced portfolio management, Craig Vardy. BlackRock currently manages about $11 billion … Read more
The private equity division of fund manager Blue Sky Alternative Investments has invested $2 million in Olympian Michael Klim’s company, Milk & Co. The deal will help fund Milk & Co’s expansion through additional executive staff and working capital as the company looks to establish itself as a major global brand for natural and organic … Read more
Falling official interest rates in Australia will dampen individual investors’ appetite for cash term deposits and increase appetite for dividend-paying stocks, listed property and other yielding assets, according to AMP Capital Investors. The Sydney-based fund manager, which oversees about $100 billion in assets, official interest rates to fall from 3.5 per cent to 3 per … Read more
A new way of managing pre-retirees’ investments, dubbed “adaptive” asset allocation, may hold the key to solving Australia’s looming retirement-income problem, according to the managing director of Russell Investments, Chris Corneil. Explaining the formation of a new multi-disciplinary team within Russell, Corneil says the traditional set-and-forget approach to asset allocation is not only outdated, but … Read more
Industry Funds Management (IFM), which oversees $34.7 billion in assets, will permanently lower investment fees for all of its products from September. IFM, Australia’s ninth-largest fund manager by assets, will lower the management expense ratios (MERs) that all of its investors pay as increasing funds under management and positive returns buoy profits and help drive … Read more
Qantas Superannuation Plan has begun using a RiskMetrics system to gauge how its $6 billion in assets can withstand various investment risks. The fund, which manages the retirement savings of more than 33,000 Qantas Group employees, started using the RiskMetrics product, called RiskManager, in late June to better track how changes in investment markets affect … Read more
It seems that all of a sudden everyone is talking about risk. The newspapers are screaming at us about the risk of contagion from the European crisis, the Australian Prudential Regulation Authority is introducing new standard risk measures for superannuation funds, Dodd-Frank legislation in the United States is all about risk management – the list goes … Read more
Managing conflicts of interest, setting rules for investment executives and thinking about what people want are part of Dick Morath’s fiduciary duty. Morath, a former chief executive of MLC’s retail and corporate fund businesses, influences how billions of dollars of Australians’ money is invested. He is a trustee of MLC Nominees, the board governing two … Read more
Suzanne Pence, director of business development at Hastings Funds Management, will leave in August as the company’s investment staff is tasked with more client contact. Pence joined the Sydney office of Hastings, which manages $7.7 billion in infrastructure assets from its Melbourne headquarters, in July 2010. Her exit comes as the company hires Graham Durant … Read more
AMP Capital has been selected to manage a global listed-real-estate mandate for one of the largest public pension funds in the world, China’s National Council for Social Security Fund (NCSSF). China is a key strategic market for AMP and AMP Capital, having established the group’s representative office in Beijing in 1997. “We are very pleased … Read more
PM Capital’s latest gamble is a global-equity income fund inspired by similar ones in the US that adopt options and currency strategies to help reduce downside risk. The boutique manager has partnered with Zurich and the fund, described by Donohoe as a “halfway house” for investors skittish about global equity markets, will be branded as … 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.
