Risk assessment is a big part of any investment process and the risk/return tradeoff is one of the most talked about ratios in the investment industry. But while investment risk is well documented, organisational risk has been largely ignored in the pension industry as funds have grown in size and developed in bureaucratic complexity. According to chief executive of ReGroup, Ann Oglanian, the pension industry has been particularly good at investment risk assessment but neglected wider risk management.
Bid to make CRM affordable to funds
Synchronised Software has developedan “out of the box” data warehouse which it claims will make customer relationship management more affordablefor superannuation providers,particularly those with multiple legacy systems.To be known as Capital Analysisand Reporting Services (CARS) whenit’s launched as a standalone productin September, the data warehouse emerged out of SyncSoft’s development work for CapitalX, the upgrade to itsCapital platform for which Superpartnersis set to become the first client.
Bid to make CRM affordable to funds
Synchronised Software has developedan “out of the box” data warehouse which it claims will make customer relationship management more affordablefor superannuation providers,particularly those with multiple legacy systems.To be known as Capital Analysisand Reporting Services (CARS) whenit’s launched as a standalone productin September, the data warehouse emerged out of SyncSoft’s development work for CapitalX, the upgrade to itsCapital platform for which Superpartnersis set to become the first client.
BNP Paribas did its own thing…and now so will Citi
Citi is making a renewed bid for fund administration business in Australia, off the back of localising its Multifonds accounting platform as part of a worldwide middle-office deal with Dimensional Fund Advisors, and the relaxing of competitive tensions which occurred when BNP Paribas Securities Services Australia (another fund administrator) stopped using Citi’s global custody network in preference for its parent’s own. Citi decided it was more efficient to make Multifonds compliant with local regulations, such as the 12-month CGT concession, rather than “purchase a DST or a Simcorp”, according to Citi’s head of securities and fund services, Martin Carpenter.
BNP Paribas did its own thing…and now so will Citi
Citi is making a renewed bid for fund administration business in Australia, off the back of localising its Multifonds accounting platform as part of a worldwide middle-office deal with Dimensional Fund Advisors, and the relaxing of competitive tensions which occurred when BNP Paribas Securities Services Australia (another fund administrator) stopped using Citi’s global custody network in preference for its parent’s own. Citi decided it was more efficient to make Multifonds compliant with local regulations, such as the 12-month CGT concession, rather than “purchase a DST or a Simcorp”, according to Citi’s head of securities and fund services, Martin Carpenter.
Hedge funds bow to their insto masters
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Earlier this year, the US$181 billion California Public Employees’ Retirement System (CalPERS) announced it would restructure its relationships with its hedge fund managers to achieve better alignment of interests, more control of its assets and enhanced transparency. CalPERS has the scale and scope to be able to dictate terms to a much greater degree than other investors, but the move is indicative of a wider shift that’s occurring in the hedge fund world and managers are responding accordingly.
Hedge funds bow to their insto masters
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Earlier this year, the US$181 billion California Public Employees’ Retirement System (CalPERS) announced it would restructure its relationships with its hedge fund managers to achieve better alignment of interests, more control of its assets and enhanced transparency. CalPERS has the scale and scope to be able to dictate terms to a much greater degree than other investors, but the move is indicative of a wider shift that’s occurring in the hedge fund world and managers are responding accordingly.
British uni fund takes ESG lead, but mulls hedge fund application
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The £23 billion ($46.7 billion) Universities Superannuation Scheme is the UK’s second largest pension fund and a signatory to the UN’s Principles for Responsible Investment. Kristen Paech talks to the fund’s co-head of responsible investment, David Russell, about the role institutional investors are playing in effecting environmental, social and governance change – and the challenge of applying them to burgeoning hedge fund portfolios. Earlier this year, members of the Private Equity Council (PEC) in the US adopted a set of responsible investment guidelines to be applied prior to investing in companies and during the period of their ownership.
British uni fund takes ESG lead, but mulls hedge fund application
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The £23 billion ($46.7 billion) Universities Superannuation Scheme is the UK’s second largest pension fund and a signatory to the UN’s Principles for Responsible Investment. Kristen Paech talks to the fund’s co-head of responsible investment, David Russell, about the role institutional investors are playing in effecting environmental, social and governance change – and the challenge of applying them to burgeoning hedge fund portfolios. Earlier this year, members of the Private Equity Council (PEC) in the US adopted a set of responsible investment guidelines to be applied prior to investing in companies and during the period of their ownership.
The power of platforms in a consolidating world
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A flurry of recent consolidation in the platform market raises questions over the power this new era of mega-platforms could wield over fund managers. KRISTEN PAECH reports. In the 1990s, US research firm Cerulli Associates famously predicted there would only be five major platforms in the Australian market by 2004. While this turned out to be premature, a bout of consolidation over the last six months has significantly boosted the market share of those who’ve gone on the offensive, and increased the dominance of the major market players.
The power of platforms in a consolidating world
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A flurry of recent consolidation in the platform market raises questions over the power this new era of mega-platforms could wield over fund managers. KRISTEN PAECH reports. In the 1990s, US research firm Cerulli Associates famously predicted there would only be five major platforms in the Australian market by 2004. While this turned out to be premature, a bout of consolidation over the last six months has significantly boosted the market share of those who’ve gone on the offensive, and increased the dominance of the major market players.
A new model for industry funds
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The future of industry funds lies in member segmentation akin to the financial planning model and sustainable value propositions that no longer focus solely on growth and price, writes KRISTEN PAECH.
