The Sydney
chapter of the Certified Financial Analyst Society held a discussion on
‘rebuilding trust in the investment industry’ last month, and members of its
employer advisory board were asked what ethical dilemmas they had faced in
their careers. Emilio Gonzalez, head of global equities at Perpetual and past
president of the global CFA Society, did not have to think back too far for his
last curly one. “When the ban on the short selling of financial stocks came on,
it was clear there were ways around it.
It’s good to know CFA about ethics
The Sydney chapter of the Certified Financial Analyst Society held a discussion on ‘rebuilding trust in the investment industry’ last month, and members of its employer advisory board were asked what ethical dilemmas they had faced in their careers. Emilio Gonzalez, head of global equities at Perpetual and past president of the global CFA Society, did not have to think back too far for his last curly one. “When the ban on the short selling of financial stocks came on, it was clear there were ways around it.
Happy birthday, at last, for Kathleen Long
About 300 people, many from the financial services industry, attended the annual Awards evening for aid agency Oxfam’s Melbourne Trailwalker, which raised more than $2.3 million for the charity’s March walk. The Sydney event will take place from August 28-30. The major sponsor, State Street, gave the popular ‘Overcoming the Odds’ Award to Kathleen Long who completed the 100km of rough terrain within 48 hours at age 60.
Happy birthday, at last, for Kathleen Long
About 300 people, many from the financial services industry, attended the annual Awards evening for aid agency Oxfam’s Melbourne Trailwalker, which raised more than $2.3 million for the charity’s March walk. The Sydney event will take place from August 28-30. The major sponsor, State Street, gave the popular ‘Overcoming the Odds’ Award to Kathleen Long who completed the 100km of rough terrain within 48 hours at age 60.
Dear Jimmy…
As US banks clambered to repay their TARP proceeds last month, Mark Sainsbury of First State Super made a typically biting point at an AIST forum – will those banks also repay the private capital and additional business income they were able to generate while operating with taxpayer-funded goodwill?
Dear Jimmy…
As US banks clambered to repay their TARP proceeds last month, Mark Sainsbury of First State Super made a typically biting point at an AIST forum – will those banks also repay the private capital and additional business income they were able to generate while operating with taxpayer-funded goodwill?
Bernie: fan of passive management, and passive communication
Bernie Fraser, the former Reserve Bank Governor who’s now an AustralianSuper and Cbus trustee, is known as a champion of the underdog but you wouldn’t necessarily put him at the top of your emergency contacts list. Unbalanced was trying to track Bernie down last month for an insight to his thoughts on active management, given we’re told he was a driving force behind AussieSuper’s momentous decision to index half of its Australian equities portfolio.
Bernie: fan of passive management, and passive communication
Bernie Fraser, the former Reserve Bank Governor who’s now an AustralianSuper and Cbus trustee, is known as a champion of the underdog but you wouldn’t necessarily put him at the top of your emergency contacts list. Unbalanced was trying to track Bernie down last month for an insight to his thoughts on active management, given we’re told he was a driving force behind AussieSuper’s momentous decision to index half of its Australian equities portfolio.
De-commissioned super only halfway to addressing conflicts
It’s been a long time coming – many would say far too long – but finally there is widespread acknowledgment that sales commissions on super products create an inappropriate conflict of interest. Long regarded by the not-for-profit super sector as a scourge on our industry, commissions paid to financial advisers are now under fire from the very industry bodies that have spent years staunchly defending their role in the sale of superannuation products. Earlier this year, the Financial Planning Association, urged its members to abandon commissions and adopt a fee-based model by 2012.
De-commissioned super only halfway to addressing conflicts
It’s been a long time coming – many would say far too long – but finally there is widespread acknowledgment that sales commissions on super products create an inappropriate conflict of interest. Long regarded by the not-for-profit super sector as a scourge on our industry, commissions paid to financial advisers are now under fire from the very industry bodies that have spent years staunchly defending their role in the sale of superannuation products. Earlier this year, the Financial Planning Association, urged its members to abandon commissions and adopt a fee-based model by 2012.
The 85 bps that buys you control over hedge funds
Managed accounts are costlier upfront for hedge fund investors than traditional unit trust structures. However, a war story from the start of the credit crisis illustrates that the structure may save an investor from catastrophic losses in the long run. In August 2007, Paris-based Capital Fund Management informed investors in its Discus managed futures fund … Read more
The 85 bps that buys you control over hedge funds
Managed accounts are costlier upfront for hedge fund investors than traditional unit trust structures. However, a war story from the start of the credit crisis illustrates that the structure may save an investor from catastrophic losses in the long run. In August 2007, Paris-based Capital Fund Management informed investors in its Discus managed futures fund … Read more
