Mandiri Investasi’s chief executive Abiprayadi Riyanto has been in Australia meeting with large super funds and investment consultants, and talking up the story of Indonesia’s “rapid growth momentum.” Mandiri Investasi is the investment arm of Indonesia’s PT Bank Mandiri, and has around A$2 billion under management across large- and small-cap equities and fixed income. It … Read more
The increasing complexity of accounting standards is making it more difficult for company directors to acquire the level of knowledge required to sign off on financial accounts, according to an inaugural survey of directors’ financial literacy. The Financial Reporting Council (FRC) this week released the results of its survey on the literacy of Australian company … Read more
Praxis Partners has completed a white paper on the criteria for Future of Financial Reform-compliance. It is now conducting a process of interviews and demonstrations with GBST staff and product users to assess Composer’s readiness as the industry transitions through to the July 2013 – “drop-dead” date for compliance. Composer is used in a wide … Read more
Insurance was emerging as a potential differentiator as funds and financial-service providers design MySuper products, according to speakers at the AIA-Conexus Financial Group Insurance Summit this week. Damian Hill, chief executive officer of REST Industry Super, told the summit that his fund was “looking to take advantage” of the opportunity to include innovative insurance options … Read more
The creation of new investment-management boutiques continues around the world, despite a relatively tough time for active fund managers during the past 12 to 18 months. The head of equities and acting chief investment officer for MLC, Jonathan Armitage, says the company’s fund-of-funds approach to creating products for the Australian market means it regularly receives … Read more
Media Super has welcomed the national release of Australian film Not Suitable for Children despite a lukewarm opening weekend. However, the locally made romantic comedy ventures into more serious territory than the typical fodder served up by Judd Apatow, Katherine Heigl and J-Lo, so word-of-mouth may yet ensure a profitable run. The film took just over $146,000 on its debut weekend at the local box office, with … Read more
More available and flexible income-protection insurance is a key reason why the Asset Super and CareSuper merger is good for Asset members, says the fund’s chief executive, John Paul. Both funds today formally announced their deal would proceed, with the new $6.5-billion fund formally merging on October 26. Both boards gave in-principle support for the … Read more
Overconsumption and the stresses facing modern workforces are causing a rethink on work-life balance and, ultimately, calling into question the importance of constant economic growth. American author and filmmaker John de Graaf says the US is one of just five countries in the world not to have a law stipulating at least some paid vacation … Read more
JP Morgan’s Australian custody business has launched an online analytics tool for superannuation funds to meet the Australian Prudential Regulation Authority’s new risk-management disclosure standards. The Online Portfolio Analytics Lab (OPAL) uses portfolio-analytics tools to help institutional investors comply with industry guidance on the disclosure of investment risk under APRA’s Standard Risk Measure classification system. … Read more
Global share markets are entering a protracted period in which active management will come to the forefront, MLC’s head of equities and acting chief investment officer, Jonathan Armitage, says. MLC recently rejigged the fund manager line-up of its $1.2-billion Australian Share Fund, reducing the number of managers it employs and removing a passively managed component … Read more
AXA Investment Managers is positioning itself for the growth in demand for low-cost-product solutions as Australian super funds look to adapt their offerings for MySuper, launching a series of corporate-bond strategies. The “SmartBeta” credit strategies enable funds to access low-cost global-credit exposures, while avoiding the drawbacks of market-capitalisation index-based strategies, says Craig Hurt, AXA IM’s … Read more
On October 5, Professional Planner and Zenith Investment Partners will reveal the winners of the 2012 Fund Awards. The fund awards assess each manager’s investment-management capability, and reflect the experience and expertise of the teams that implement the firms’ investment processes and styles. A range of fund managers has been shortlisted by Zenith in 15 … 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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