In the wake of a financial crisis that levelled many retirees’ savings and taught the investment industry a severe lesson about the perils of financial engineering, an honest discussion about the risks and merits of derivatives is warranted. Investment Magazine and Tibra Investment Management recently convened a roundtable in which superannuation, investment, tax and legal experts looked beyond the scapegoating of structured finance and asked how derivatives can be used in fund portfolios. SIMON MUMME reports.
Access capitalises on liquidity traumas
By Simon Mumme “There is a group of members that are reacting to what is happening in the rear-view mirror: when markets go up, they invest in equities; when equities go down, they invest in cash” Access Capital Advisers, which oversees $12 billion in assets, has drawn on tough lessons from the financial crisis to … Read more
AustralianSuper provides SMSF services to members
AustralianSuper now provides members with investment services that are commonly available through self-managed superannuation funds (SMSFs). The $42 billion industry super fund allows members to invest directly in domestic stocks, exchange-traded funds (ETFs) and bank term deposits rather than existing investment strategies.
Why smart funds managers avoid clichés
Bad investment performance is detrimental to fund management businesses. So is being one of many look-alike managers, write DANIEL GRIOLI and MATT MILGROM*.
Know the risks of emerging market stocks
There are many obstacles to investing profitably in emerging markets. In November 2011, Investment Magazine and Neuberger Berman gathered superannuation experts to trade stories about the risks of investing in emerging market equities. SIMON MUMME reports.
NGS Super focuses on “growth” assets
NGS Super is deciding whether it should invest less money in high-return seeking assets in 2012. SAM RILEY reports.
Jeremy Norton returns home offering investments
At 18 years of age Jeremy Norton left his private school rugby mates and went to London. In 1998 he picked up his swag again and went to New York to trade U.S. Treasuries for Fuji Bank. But this year Norton returned home as the managing principal of a company eager to be the “toll … Read more
Wingate Asset Management wants $1 billion
Wingate Asset Management, the global stock investor backed by Australian Unity Investments, says it can bolster the size of its fund 20 fold in two years. The Melbourne-based firm’s founder Chad Padowitz says it is no great stretch for the firm to increase its assets under management to $1 billion from $50 million with the … Read more
Colonial wins $1.3 billion mandate from UniSuper
Colonial First State Global Asset Management has won a $1.3 billion domestic fixed income mandate from UniSuper. The mandate is for government and semi-government bonds and was secured through a competitive tender, says Warren Bird, co-head of global fixed interest and credit at Colonial. “Institutional investors are seeking solutions which balance outcomes with appropriate research, … Read more
Geoff Lloyd: “I’m very confident” on Perpetual
Geoff Lloyd, Perpetual Ltd.’s new chief executive, is fired up and ready to go. “I’m very confident and excited about the future,” says the 43-year old, who was previously Perpetual’s head of private wealth and retail distribution. Lloyd, who joined Perpetual just 18 months ago, replaces the fired Chris Ryan, who was dismissed by the … Read more
AAS targets state super funds, mutual trusts
Link Group is seeking to win the administration contracts with state superannuation funds and retail master trusts may be future customers for its administration services unit AAS. After investing about $150 million in its technology systems, the Retail Employees Superannuation Trust, a $20 billion fund with 1.9 million members, renewed its administration contract with AAS … Read more
Nathan Fabian’s climate investing push
Just a sliver of the $1.8 trillion in assets under management in Australia are invested along thematic environmental, social and governance lines. These few billion dollars are invested whereby an environmental or social factor will generally trump traditional measures such as short-term returns. “To fully incorporate enviornmental, social and governance questions requires cultural changes in … Read more
