In an era when counterparty risk has come to the fore of concerns for super funds, custodians may well represent the greatest potential danger, according to Brett Elvish. Elvish, principal of Financial ViewPoint, an independent consultancy specialising in backoffice advice, and a former managing director of Intech Investment Consulting, said the fact that most custodians were usually involved in cash management, foreign exchange and securities lending, alongside custody, meant that there were various risks to the fund.
Platform consolidation and churn rising, finds research
Administration and processing errors are the most common reason behind financial advisers switching platforms, with platform consolidation and churn on the rise. Research from Investment Trends reveals that one in five advisers would change platforms if the decision was entirely up to them. “Platform consolidation and churn are both up at the moment versus what we’ve seen in recent years,” Mark Johnston, principal at Investment Trends, told last month’s I&T/Australian Custodial Services Association Investment Administration conference. “Two years ago the market had solidified, only 12 per cent wanted to change platforms.
Platform consolidation and churn rising, finds research
Administration and processing errors are the most common reason behind financial advisers switching platforms, with platform consolidation and churn on the rise. Research from Investment Trends reveals that one in five advisers would change platforms if the decision was entirely up to them. “Platform consolidation and churn are both up at the moment versus what we’ve seen in recent years,” Mark Johnston, principal at Investment Trends, told last month’s I&T/Australian Custodial Services Association Investment Administration conference. “Two years ago the market had solidified, only 12 per cent wanted to change platforms.
Sharing of ‘commoditised’ tasks the key to managed fund STP
The flood of 16,000 faxes per day that continue to flow between wraps, custodians and funds mangers will only abate when industry leaders decide what tasks in managed fund transactions have become commoditised, and agree to centralise them. This is similar to what Australia’s banks decided years ago on cheque clearing, according to Ausmaq chief executive Rob Brown, who chaired a session at the conference appropriately titled ‘Taking a Leaf out of the Banks’ Books – Towards an Homogenous System for Funds Management Transactions’.
Sharing of ‘commoditised’ tasks the key to managed fund STP
The flood of 16,000 faxes per day that continue to flow between wraps, custodians and funds mangers will only abate when industry leaders decide what tasks in managed fund transactions have become commoditised, and agree to centralise them. This is similar to what
Australia’s banks decided years ago on cheque clearing, according to Ausmaq chief executive Rob Brown, who chaired a session at the conference appropriately titled ‘Taking a Leaf out of the Banks’ Books – Towards an Homogenous System for Funds Management Transactions’.
Securities lending and shorting: funds given qualified approval
Super funds should approach securities lending as an investment decision and manage the risks accordingly, the 2009 I&T/Australian Custodial Services Association Investment Administration conference was told. Lending and borrowing of stock were mutually co-existent, according to specialist consultant Drew Vaughan, of Dymond, Foulds & Vaughan. “Often, the institutional investor is on both sides of the equation, maybe even borrowing some of the same securities they are lending.
Securities lending and shorting: funds given qualified approval
Super funds should approach securities lending as an investment decision and manage the risks accordingly, the 2009 I&T/Australian Custodial Services Association Investment Administration conference was told. Lending and borrowing of stock were mutually co-existent, according to specialist consultant Drew Vaughan, of Dymond, Foulds & Vaughan. “Often, the institutional investor is on both sides of the equation, maybe even borrowing some of the same securities they are lending.
Valuing Future Income Tax Benefits: a how-to guide
During the market’s boom years, trustees only had to worry about minimising capital gains tax liabilities and maximising franking credits to assure a good after-tax performance for their fund. But with the concept of ‘gains’ long gone, and dividends on their way down too, harvesting losses is suddenly the name of the game. This article, by DREW VAUGHAN of administration consultancy Dymonds Foulds Vaughan, is intended to increase discussion about issues surrounding the inclusion of future income tax benefits (FITBs) in unit price calculations.
Valuing Future Income Tax Benefits: a how-to guide
During the market’s boom years, trustees only had to worry about minimising capital gains tax liabilities and maximising franking credits to assure a good after-tax performance for their fund. But with the concept of ‘gains’ long gone, and dividends on their way down too, harvesting losses is suddenly the name of the game. This article, by DREW VAUGHAN of administration consultancy Dymonds Foulds
Vaughan, is intended to increase discussion about issues surrounding the inclusion of future income tax benefits (FITBs) in unit price calculations.
J.P.Morgan WSS offshores accountancy roles to Mumbai
The
Sydney office of J.P.Morgan Worldwide Securities Services (J.P.Morgan WSS) has begun shifting many of its basic accounting roles to one of its three ‘office centres’ around the globe.
Capital National Alliance sheds veteran but lives another day
Capital National Alliance has let a well-respected representative go as Capital International seeks a more direct relationship with Australian institutions, but the entity will continue to administer and currency-manage a wholesale trust here.
