After a lengthy review, Mercer has embarked on a significant shift in its thinking on asset allocation for its $16 billion master trust and other funds, widening the net for new asset classes and moving towards a fundamentally different paradigm. Following the review, which took place over much of last year, Mercer has refined its categorisations of growth and defensive assets and has instituted a “new interim” asset allocation with plans to move towards a final goal over the next year or so, depending on markets. Longer term, according to Russell Clarke, the Mercer chief investment officer, the firm would like to move away from its traditional approach to asset allocation and towards a risk premia-based asset allocation.
Russell ramps up emulation
Russell Investments has continued to increase the proportion of funds it implements on their underlying managers’ behalf, but global chief investment officer Peter Gunning is adamant the fees it pays the managers will not be affected.
Media Super goes to market for member admin…
The 120,000-member Media Super is putting its member administrator to the test via a full market tender, for the first time in over six years.
LGSS goes direct into Aussie hedge funds
Craig Turnbull
Hermes hires exec to run Sydney office
Hermes, the multi-boutique asset manager backed by British Telecom Pension Scheme, has opened an Australian office helmed by the prominent former local boss of another global funds manager.
…and picks first currency overlay manager
Jon Glass
No Y2K expected as SG ramps up
Private super clearing houses, the proposed Medicare clearing house, and payroll tax experts are sanguine in the face of the ratcheting-up of the super guarantee, in contrast to the technology meltdown that was expected with the Y2K problem.
‘No Y2K’ expected when SG changes by the year
Private super clearing houses, the proposed Medicare clearing house, and payroll tax experts are sanguine in the face of the ratcheting-up of the super guarantee, in contrast to the technology meltdown that was expected with the Y2K problem.
Comment: Thanks anyway, Ken
While the superannuation industry can well be grateful for the Government’s initial response to the report of the Tax Review Panel, under Ken Henry, the broader community looking for significant tax reform cannot.
AMP Capital scoops senior PM from ipac
Sean Henaghan'No Y2K' expected when SG changes by the year
Private super clearing houses, the proposed Medicare clearing house, and payroll tax experts are sanguine in the face of the ratcheting-up of the super guarantee, in contrast to the technology meltdown that was expected with the Y2K problem.
Commissions ban is 'good' for financial planners: Howes
Paul Howes
