Investors will be able to monitor Australia’s fixed-income market at any point during the trading day, with S&P Indices the first Australian index provider to launch intra-day pricing for its series of indexes. The real-time index values will enable investors to better measure the impact of major news, economic announcements, and market and political events … Read more
As Doug McTaggart prepares to leave his position as chief executive officer of QIC, he says the state-owned asset manager is well positioned to build on its growing client base. QIC, under McTaggart, has expanded from its foundation clients, the Queensland government and QSuper, and increasingly looked to commercial opportunities via large institutional investors in … Read more
Sharan Burrow, the head of the world’s biggest trade union organisation, says asset managers and superannuation funds should find ways to invest in Australia’s residential housing market through shared-equity arrangements with fund members. Burrow called for the superannuation industry to push for regulatory change to allow investment in housing, saying the industry has ignored both … Read more
How to plan for longevity risk in the future if someone’s brain can be kept alive long after their body has wasted away is one of the more unusual questions posed in a new discussion paper released by Australia’s peak actuarial body. While engaging in some science fiction theorising, the Actuaries Institute has a harsh … Read more
The head of QIC’s global real restate (GRE) boutique, Robert Carter will leave QIC to pursue consulting opportunities, while Steven Leigh, the head of La Salle’s Australian operations, is set to replace him Robert Carter, a 22-year veteran of the Queensland funds manager, has decided to pursue consulting opportunities, which will include advising QIC during … Read more
The government has used MySuper to enforce the disclosure of superannuation executive and trustee salaries, and to impose rules on fund-manager performance fees. Super fund executives and trustees, which oversee much of Australia’s $1.3 trillion in mandated retirement savings, will be forced to disclose how much they are paid and show how they invest fund … Read more
Moving away from aggregate or composite-bond portfolios that mix credit and sovereign debt to awarding specific mandates will give the $12.8 billion Government Employees Superannuation Board (GESB) greater control of its fixed income portfolio. GESB recently announced $2.28 billion of new fixed-income mandates to three managers, and a wide-ranging restructure of its fixed-income portfolio. Steve … Read more
The domestic business of Acadian Asset Management has promoted Andrew Hair to replace former chief executive officer Chris Clayton. Hair has managed Acadian Asset Management Australia’s relationships with institutional investors and asset consultants since 2007. He became interim chief executive in March when Clayton left to take the sales helm at MLC Investment Management. Acadian … Read more
FirstChoice, a superannuation and investment unit of Colonial First State (CFS), reached $50.4 billion in funds under administration at March 31. The distribution system, which offers superannuation trusts and managed funds to financial advisers and their clients, held 11.56 per cent of the retail investment market in the December quarter with funds under administration of … Read more
The $12.8 billion GESB fund, responsible for the superannuation of Western Australian public servants, wants to increase the diversity of its portfolio, investing more in infrastructure and different types of debt and credit. Acting chief investment officer Steven McKenna says the fund is looking for different risk exposures in the overall portfolio and is interested … 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.
