The nearly ruined ABC Learning childcare empire was saved by a philanthropic consortium, The Good Start. But it wasn’t charity. MIRANDA WARD reports. A consortium of charities, bankers, commercial lawyers, tax experts came together with Social Ventures Australia (SVA) to raise a total $170 million to acquire the bankrupt ABC Learning childcare centres from competing … Read more
The loud cries from for-profit funds to open up awards are self-serving and neglect members’ interests, writes FIONA REYNOLDS, CEO of AIST. As the rollout of the first of the Stronger Super reforms begins, it appears that the next battleground in superannuation is emerging. There has been much clamour in recent weeks about default funds, … Read more
The uncertainties about the Future of Financial Advice (FoFA) and Stronger Super reforms are hurting consumer and industry confidence, says JAMES BOND, chief economist of the Financial Services Council. The past three years have seen unprecedented uncertainty in the financial services industry and this was apparent in many of the discussions and presentations at the … Read more
Problems in the reform of financial market regulation are compounding systemic risks, writes RICHARD BRANDWEINER, board member of the CFA Society of Sydney. At the recent CFA Australia Investment Conference in Sydney, Matt Moran, vice president of the Chicago Board Options Exchange, highlighted the use of their volatility index, the VIX, in providing negatively correlated … Read more
The first super funds and wealth managers to adopt the Bluedoor administration and registry platform wanted the product to tick every box on their admin software wish list. To win them over, it had to be an integrated product, web-based, able to be customised, and easy to implement. Coming up to three years since the … Read more
Superannuation funds should not wait for the SuperStream reform to be written into law before changing their antiquated administration systems. SIMON MUMME reports. Philip Hind, national program manager of SuperStream, shared an optimistic view of the future of superannuation administration last month. “In the future we’ll see more standard rollover and contributions processing across the industry, … Read more
Superannuation funds should not wait for the SuperStream reform to be written into law before changing their antiquated administration systems. SIMON MUMME reports. Philip Hind, national program manager of SuperStream, shared an optimistic view of the future of superannuation administration last month. “In the future we’ll see more standard rollover and contributions processing across the industry, … Read more
Superannuation funds are beginning to shed light on the inflated costs of poor foreign exchange execution. PHILIPPA YELLAND reports. Unsexy. It’s the word of choice for many investors when they describe trading foreign exchange (FX) efficiently. FX is a back-office beta that has long gone unwatched. But transaction fees are being dragged into the spotlight … Read more
So, the superannuation fund is interested. You’ve shown that you understand their goals and have the ability to help achieve them. You know all about them and they want to know more about you. Don’t blow it now. Be madmen Advertising is not as sophisticated as business pitching but it teaches powerful lessons. You should … Read more
Kevin Gundle is not firing shots at hedge fund consultants. He wants some questions answered. Gundle is CEO of Aurum, a London-based hedge fund-of-funds (hedge FoF) managing $2.2 billion. He will speak at The New Alternatives conference, held by Conexus Financial, publisher of Investment Magazine, in Melbourne this month. For the past 16 years he … Read more
They are still the chief gatekeepers to hundreds of billions of dollars of superannuation capital and help develop many of the ideas and instil much of the discipline that is used to invest it. But as funds continue to grow and employ investment staff to assert more control over their portfolios, how can asset consultants … Read more
A correction to this story was issued on Friday September 30, 2011*. As a union secretary, Ian Robertson is used to delivering blunt messages – it’s an approach that hasn’t changed in 14 years sitting on the board of the $6.2 billion Local Government Super (LGS). “I suppose I don’t put up with wankers or … 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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