As the Minister for Superannuation confirms plans to include AGEST in the already-announced merger of the ARIA and Military Super boards from 2010, AGEST chief executive Michael Seton has argued the case for his $3 billion fund remaining stand-alone.
Responsible risk taking – the new landscape under discussion
Responsible risk taking – is there a new set of rules for super funds and fund managers? This is the theme of the 12th annual Investment Administration Conference, at the Sydney Convention Centre on March 3, where 26 speakers will address issues surrounding the nitty gritty of investment management. Link to the full program
CMSF addresses the ‘GEC’
The ‘global ethical crisis’ will be the subject of the Conference of Major Super Funds 2009 opening plenary session, with World Vision chief executive Tim Costello discussing the effects of the financial meltdown beyond the headline economic figures.
CMSF addresses the 'GEC'
The ‘global ethical crisis’ will be the subject of the Conference of Major Super Funds 2009 opening plenary session, with World Vision chief executive Tim Costello discussing the effects of the financial meltdown beyond the headline economic figures.
Giving the BlackBerry a rest
James Gruver, the managing director of BNY Mellon Asset Management’s Australian operations, was looking a little nervous when Unbalancedcaught up with him before Christmas.
Giving the BlackBerry a rest
James Gruver, the managing director of BNY Mellon Asset Management’s Australian operations, was looking a little nervous when Unbalancedcaught up with him before Christmas.
Private equity valuations to freefall in 2009
Private equity fund values are expected to plummet by more than half in 2009, with well-known large buyout funds performing little better than less well-known ones, an analysis by Pensions & Investmentsshows.
No matter how you slice the existing data — be it the analysis of publicly traded portfolio companies, returns of publicly traded private equity funds or secondary market valuations — private equity returns are in for a steep decline, just when investors could use them most.Private equity valuations to freefall in 2009
Private equity fund values are expected to plummet by more than half in 2009, with well-known large buyout funds performing little better than less well-known ones, an analysis by Pensions & Investmentsshows. No matter how you slice the existing data — be it the analysis of publicly traded portfolio companies, returns of publicly traded private equity funds or secondary market valuations — private equity returns are in for a steep decline, just when investors could use them most.
Madoff aftermath could see SEC and CFTC merge
Bernard Madoff’s alleged US$50 billion Ponzi scheme is breathing new life into Bush-era proposals that could subject money managers to a new layer of regulation as well as a merger of the SEC and the CFTC, financial industry lobbyists said last month.
The regulatory proposal, if enacted, would subject money managers for the first time to the scrutiny of a self-regulatory organisation (SRO), submitting managers to the same sort of oversight that broker-dealers get from the Financial Industry Regulatory Authority (FINRA).
Madoff aftermath could see SEC and CFTC merge
Bernard Madoff’s alleged US$50 billion Ponzi scheme is breathing new life into Bush-era proposals that could subject money managers to a new layer of regulation as well as a merger of the SEC and the CFTC, financial industry lobbyists said last month.
The regulatory proposal, if enacted, would subject money managers for the first time to the scrutiny of a self-regulatory organisation (SRO), submitting managers to the same sort of oversight that broker-dealers get from the Financial Industry Regulatory Authority (FINRA).
Good riddance oh-eight, but still a lot on funds’ plate
There’s no doubt that 2008 was a tough year for super funds – the toughest since compulsory super was introduced.
But few in the super industry think 2009 will be any less challenging.
Since the start of this year, most of the key economic indicators coming out of the US, Europe and Asia have been worse than expected. Locally, the data looks just as bleak, with increasing talk of a nationwide recession.
Good riddance oh-eight, but still a lot on funds’ plate
There’s no doubt that 2008 was a tough year for super funds – the toughest since compulsory super was introduced.
But few in the super industry think 2009 will be any less challenging.
Since the start of this year, most of the key economic indicators coming out of the US, Europe and Asia have been worse than expected. Locally, the data looks just as bleak, with increasing talk of a nationwide recession.
