Page 784 – Investment Magazine

Inside the Ontario Teachers–VFMC foray into Birmingham Airport

07/02/201905/05/2009 by Staff Writer

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Price blitz

05/05/2009 by Staff Writer

How funds can meet Sherry’s demand for fee reductions

Super funds are being asked to reduce fees at a time when market forces are pushing the costs of running a fund in the other direction. Some funds have been forced to raise administration costs to levels that better reflect the time and effort they’re spending on member education and communication, and more are expected to follow suit.

As the industry searches for ways to cut the average super account fee by around 20 per cent, funds management and commissions on advice have been identified as the areas containing the most ‘fat’. But what part can funds mergers play? And is cheaper necessarily better? KRISTEN PAECH reports.

Price blitz

05/05/2009 by Staff Writer

How funds can meet Sherry’s demand for fee reductions

Super funds are being asked to reduce fees at a time when market forces are pushing the costs of running a fund in the other direction. Some funds have been forced to raise administration costs to levels that better reflect the time and effort they’re spending on member education and communication, and more are expected to follow suit. As the industry searches for ways to cut the average super account fee by around 20 per cent, funds management and commissions on advice have been identified as the areas containing the most ‘fat’. But what part can funds mergers play? And is cheaper necessarily better? KRISTEN PAECH reports.

Pages: 1 2 3 4 5 6 7 8 9 10 11

Hedge fund industry will make a comeback – CaseyQuirk

30/04/201505/05/2009 by Staff Writer

The hedge fund industry is facing a transformational crisis. For firms to survive, they have to address key shortcomings. If they do, they represent the future of active asset management. This is a key theme in a new report from the US consulting firm Casey- Quirk, which provides research and advice on the funds management industry. Ben Phillips, a partner in the Bostonbased firm who was a former research head at Cerulli Associates, oversaw the report and is scheduled to talk about it and other trends on a visit to Australia early this month.

Hedge fund industry will make a comeback – CaseyQuirk

30/04/201505/05/2009 by Staff Writer

The hedge fund industry is facing a transformational crisis. For firms to survive, they have to address key shortcomings. If they do, they represent the future of active asset management. This is a key theme in a new report from the US consulting firm Casey- Quirk, which provides research and advice on the funds management industry. Ben Phillips, a partner in the Bostonbased firm who was a former research head at Cerulli Associates, oversaw the report and is scheduled to talk about it and other trends on a visit to Australia early this month.

The changing world of risk: lessons from the crisis

30/04/201505/05/2009 by Staff Writer

Greg Bright The GFC has caused a rethink in so many fundamental aspects of institutional investing, but none more so than in the overlay of risk management principles and their implementation. A simple assumption, for instance, that was implicit in the way some institutional investors, in particular the big endowments, viewed liquidity was that you could always turn wealth into cash. We have learnt that this is not always the case.

The changing world of risk: lessons from the crisis

30/04/201505/05/2009 by Staff Writer

Greg Bright

The GFC has caused a rethink in so many fundamental aspects of institutional investing, but none more so than in the overlay of risk management principles and their implementation. A simple assumption, for instance, that was implicit in the way some institutional investors, in particular the big endowments, viewed liquidity was that you could always turn wealth into cash. We have learnt that this is not always the case.

Pages: 1 2

Re-inspire members with group-think

30/04/201505/05/2009 by Staff Writer

Michael Bailey Group insurance has typically been a bit of an afterthought for super funds. Sure, the insurance sub-committee members have long been immersed in it. Adjudicating in family squabbles over death benefit payments, for example, can be an emotionally-wrenching task not often associated with the work of a trustee. But for the most part, the insurance offer has been a sideshow to the business of building sophisticated investment portfolios, marketing to attract members and lobbying for a rise in the compulsory contribution rate.

Re-inspire members with group-think

30/04/201505/05/2009 by Staff Writer

Michael Bailey

Group insurance has typically been a bit of an afterthought for super funds. Sure, the insurance sub-committee members have long been immersed in it. Adjudicating in family squabbles over death benefit payments, for example, can be an emotionally-wrenching task not often associated with the work of a trustee. But for the most part, the insurance offer has been a sideshow to the business of building sophisticated investment portfolios, marketing to attract members and lobbying for a rise in the compulsory contribution rate.

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Modern Portfolio Theory still holds up: Harry Markowitz

07/02/201905/05/2009 by Staff Writer

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Despite the hype by some commentators that today’s market constitutes a ‘Black Swan’, the fall in equities markets experienced in the past year is well within normal expectations, according to Harry Markowitz. Asked by Investment & Technology recently to discuss the latest market disruption, the father of modern portfolio theory was quick to make a distinction between his work and the financial engineering for which he blames the crisis. “Portfolio theory is top down asset allocation with money allocated to professional funds managers; while financial engineering is structured products, which has led to a lot of highly leveraged products,” he said.

Modern Portfolio Theory still holds up: Harry Markowitz

07/02/201905/05/2009 by Staff Writer

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ANZ Custody attempts turnaround from Opes problems

07/02/201905/05/2009 by Staff Writer

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One year on from the demise of Opes Prime and the subsequent culling of its equity finance business, ANZ Custodian Services has made efforts to strengthen its offerings by recruiting talent from competitors, rationalising its client base and carrying out due diligence on its systems. Following an internal review of its dealings with the disgraced stockbroker, an immediate move by ANZ was to cull its equity finance business, which provided the collateral used by Opes to issue margin loans to its clients but retained bank ownership of this collateral when the broker failed, leaving many investors with nothing.

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