Although it is still too soon to tell with any certainty, last week’s Japanese earthquake is likely to only have a “one in 20 year “ impact on the Japanese portion of the catastrophe bond market, according to managing principal at cat bond specialist Fermat Capital Management.
One man’s secondaries are another man’s pleasure
Jeremy Coller, the founder of Coller Capital, gets annoyed by the “misnomer’ that private-equity secondaries are somehow secondhand and, to put it in his inimitable phrase, “crap”. It’s a sensitive point for Coller, who founded his company in 1989 and was one of the world’s first purchasers of existing private-equity interests, later moving on to … Read more
Risk, compliance demands part of Asia-Pacific growth
The mushrooming of financial services firms in the Asia Pacific region and their anticipated growth is being matched by the similarly rapid development of support businesses, such as systems providers. GREG BRIGHT spoke with SunGard’s Robert Ward in Beijing.
Funds move on SMSFs’ advance
Much of the wealth amassed in the self-managed superannuation sector has been directly rolled out of industry and retail funds. Should collective funds clearly differentiate themselves from this new competitor, or adapt some of its attributes as they develop strategies to retain members? SIMON MUMME and PHILIPPA YELLAND report.
Super Cheap Super – Funding Retirement at Bargain Cost
Just over two years from now, the first MySuper vehicle is scheduled to roll down the gangway, and swallow up all the default members of whichever super fund has created it. In building the vehicle, however, many stakeholders worry that ‘low-cost’ will have been too much of an imperative. Where will these cost savings have come from? Talk to member administrators or group insurers today, and they’ll tell you that they have no fat to spare. So funds management costs seem to be the obvious target for this new austerity. MICHAEL BAILEY and SIMON MUMME report on how a ‘race to the bottom’ on costs may affect the institutional investment industry.
