Super funds on the right side of corporate history

Having enjoyed a front row seat to numerous sharemarket scandals over the past decade, controversial AFR columnist turned independent writer Joe Aston says his experience with industry super funds has been overwhelmingly “positive”. While many commentators throw barbs at the growing profit-to-member super sector, Aston will tell the Fiduciary Investors Symposium next week that it is the nation’s biggest champion of corporate governance.

Private credit opportunities shine amid macro-factor minefields

If you believe the critics, the private credit bubble is bound to burst any day now. However, asset owners are still bullish on its return potential and resilience. The Investment Magazine Private Credit Forum 2024 heard how investors can take advantage of an environment where opportunities and challenges co-exist for the asset class.

Super funds’ ASX board nominations ‘both foreseeable and manageable’

In the history of the corporation, directors appointed as a nominee of another entity have been commonplace. Large super funds nominating directors to ASX companies is something to be expected, and looks like both a foreseeable and manageable development.

Ultimate test for private credit investors is yet to come 

Even as asset owners increase allocations to private credit, investors have been warned that the ultimate test of the asset class has yet to come. As long as returns adequately compensate investors for risk, the sector will continue to attract new money, but its moment of truth will come when borrowers run into trouble. 

Asset owners wary of poor investment governance costing returns

Australian asset owners have come to the consensus that poor investment governance will cost their portfolio at least to some extent, with 68 per cent saying the return penalty would be as great as 1 per cent per annum or more, according to a report by Frontier Advisors and KPMG.

Bubble won’t burst just yet for private credit

Macroeconomics Advisory chief economist Stephen Anthony has predicted that the good times for private credit will continue for another 12 to 18 months for asset owners but said that the economy is “in a bubble” and the asset class is a byproduct of that.

First Nations peoples must not end up with net zero in energy transition

Large amounts of government cash are already flowing to projects (some of which have billionaire backing) but there is limited real action on advancing First Nations’ rights and aspirations; addressing social disadvantage or protecting the environment. Aspiring First Nations project developers will be listening to Treasurer Jim Chalmers’ May 14 Budget speech to hear what new specific action is being taken to help them on their journey to economic self-determination.