Former Future Fund CIO on sources of TPA outperformance
Asset owners with a total portfolio approach have outperformed those with strategic asset allocation by 1.8 per cent per annum in the past decade, according to recent research, but even that number sounds like an underestimation to Sue Brake, the former chief investment officer of Future Fund who is now an independent consultant. As funds face a paradigm shift in the investment environment, TPA emerges as a valuable tool to implement their purpose.
