Financial services consultant TOM BABIC recently spent four months conducting the first-ever asset consulting review for Telstra Super. The review ended Russell Investments’ 15-year consulting relationship with the fund (it remains actuary) and continued JANA Investment Advisers’ winning run.
Here, Babic outlines the process that trustees should ideally go through in considering their fund’s asset consulting arrangements.
Financial services consultant TOM BABIC recently spent four months conducting the first-ever asset consulting review for Telstra Super. The review ended Russell Investments’ 15-year consulting relationship with the fund (it remains actuary) and continued JANA Investment Advisers’ winning run.
Here, Babic outlines the process that trustees should ideally go through in considering their fund’s asset consulting arrangements. On March 5, Investment & Technologyand investment administration softwareprovider, SimCorp, held a roundtablediscussion on last November’s “economists’open letter” to the Rudd Government. Signed by eight of Australia’s leading economicminds, the letter advocated a shorttermreduction in the superannuationguarantee to 6 per cent, and a relaxing ofsuper access rules, as an economic stimulusduring this financial crisis. The … Read more
March seems to be the month where super funds are expected to resume hiring and firing their funds managers and other service providers in earnest. What are the warning signals that should lead to those decisions being made? And how to best proceed with any transition when market volatility is around record highs? Last month, … Read more
On March 5, Investment & Technologyand investment administration softwareprovider, SimCorp, held a roundtablediscussion on last November’s “economists’open letter” to the Rudd Government. Signed by eight of Australia’s leading economicminds, the letter advocated a shorttermreduction in the superannuationguarantee to 6 per cent, and a relaxing ofsuper access rules, as an economic stimulusduring this financial crisis. The … Read more
March seems to be the month where super funds are expected to resume hiring and firing their funds managers and other service providers in earnest. What are the warning signals that should lead to those decisions being made? And how to best proceed with any transition when market volatility is around record highs? Last month, … Read more
Plenty of people are laughing at the financial services industry these days. But Barry Rafe, an actuary and former director at Trowbridge Consulting, got in ahead of them a few months back when he left the industry to try standup comedy.
I was reminded recently of a funny sketch from Woody Allen’s famous movie, Annie Hall, that goes something like this. Woody’s character has marital problems and the psychoanalyst asks him how often he has marital relations. “Hardly ever,” he replies. “Three times a week”. The scene switches to Woody’s wife, played by Diane Keaton. She is asked the same question and replies: “Constantly… three times a week!” (Which got a big laugh – at least from the females in the audience.)
Everybody agrees that hedge fund investing has to change. For JANA asset consultant MICHAEL O’DEA, these dislocated markets are perfect for investment in hedge funds, but he recommends keeping control through a managed account platform. The situation After the events of 2008, investors around the world have begun to seriously question the merits of investing in hedge funds, which is not surprising when so many failed to deliver positive returns and offered questionable diversification benefits to portfolios when most needed.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
