Large institutional investors in Asia and Europe are looking to broaden their allocation to income-generating assets beyond traditional government bonds, a new study of reveals. Allocations to investment grade and high yield bonds, equity dividend-focused strategies and real estate will increase over the next five years, the authors of The Age of Income predict. The … Read more
A new global macro hedge fund managed by Tribeca Investment Partners has raised capital from an Australian financial institution. Tribeca, a Sydney-based fund manager, now oversees $45 million in its Global Total Return Fund after garnering its first injection of institutional capital. It declined to name the investor. The fund, which aims to beat the … Read more
A new global macro hedge fund managed by Tribeca Investment Partners has raised capital from an Australian financial institution. Tribeca, a Sydney-based fund manager, now oversees $45 million in its Global Total Return Fund after garnering its first injection of institutional capital. It declined to name the investor. The fund, which aims to beat the … Read more
Incoming laws preventing tax losses in superannuation mergers will spur more funds to unite as they face greater compliance workloads, according to an industry peak body. The draft legislation, aiming to allow merging super funds to offset investment losses against future capital gains tax (CGT), will trigger the latent plans of many funds to join … Read more
While Health Super and First State Super boasted a “cultural and strategic fit” when the two funds first announced a merger at the end of 2010, they still had a lot of work to do to join the two plans together. Twenty months or so on from the announcement, getting members on the same page in … Read more
The government’s decision to formalise capital-gains-tax rollover relief to help super funds merge removes a key obstacle for those organisations looking to join forces with others. However, even with this change, merging two super funds is no walk in the park. Just how challenging the process can be was highlighted in late May when Equipsuper … Read more
Nick Sherry, a former senator for Tasmania who resigned at the end of June, will take up the role as chairman of FNZ with immediate effect. FNZ provides technology services to a range of local institutional clients, including AMP, UBS and National Australia Bank. The chief executive officer of FNZ’s Australasian operations, Martin Jennings, says … Read more
Australian equity investors should look beyond headline concerns about China slowing, with the country’s A and H-share valuations offering attractive opportunities, says Stuart Rae, AllianceBernstein’s Pacific Basin equities chief investment officer. Rae argues that markets have overreacted to fears about a rapid China slowdown, leaving equity valuations significantly cheaper than both their average over time … Read more
Institutional investors around the world have been lobbying for the right to have a say on pay, a right to have an input into the remuneration of the executives in the companies they invest in. In June the UK’s business secretary, Vince Cable, laid out new plans that will give shareholders three-yearly votes on executive … Read more
The asset managers who will succeed in the current low-returns environment are those that can fashion workable post-retirement solutions and have the capability to offer integrated multi-asset solutions, predicts AXA Investment Managers’ Craig Hurt. Hurt, who is the head of the global asset manager’s Australian and New Zealand operations, says that the mandates offering multi-asset-class … Read more
Industry-wide adoption of the Australian Securities Exchange (ASX) Managed Funds Service (AMFS) could save up to $215 million a year in transaction costs, according to Rice Warner Actuaries. A Rice Warner report, Managed Funds Transaction Cost Research: Impact of ASX Managed Funds Service, concludes that the service could lead to savings of between 35 … Read more
Staff at the $4.6-billion Equipsuper could start making tactical investment bets through futures contracts by the end of the year. Equipsuper’s seven-person investment team aims to begin making investments in all asset classes by using futures based on major stock and bond market indexes by December. The contracts would enable the fund to place trades … 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.
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