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Vanguard CIO resigns ‘because he can’

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Eric Smith, the chief investment officer of Vanguard Investments’ Asia Pacific business, tendered his resignation at the end of last month, after 12-and-a-half years at the index funds manager.

In an email announcing his departure to the industry, Smith wrote: “Why am I leaving now? Because I can. “ I am only the fourth person to leave the investment team in that 12.5 years – something I suspect is an industry record. The four senior members of the investment team have 34 years with Vanguard between them – and double that in the industry. I can leave Vanguard now, confident that my investments with Vanguard will still be in great hands.”

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Vanguard CIO resigns ‘because he can’

by
Eric Smith, the chief investment officer of Vanguard Investments’ Asia Pacific business, tendered his resignation at the end of last month, after 12-and-a-half years at the index funds manager. In an email announcing his departure to the industry, Smith wrote: “Why am I leaving now? Because I can. “ I am only the fourth person to leave the investment team in that 12.5 years – something I suspect is an industry record. The four senior members of the investment team have 34 years with Vanguard between them – and double that in the industry. I can leave Vanguard now, confident that my investments with Vanguard will still be in great hands.”

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Writedown talk for unlisted assets ‘nonsense’: MTAA Super

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The deputy executive director at MTAA Super, Leanne Turner, has decried as “nonsense” suggestions that funds with large holdings in alternatives are overvalued.

Listed markets continued their dismal performance up to December 31, with Australian shares down 38.9 per cent and Australian listed property down 55.3 per cent, while unlisted property lost just 0.3 per cent for the year. Asset allocation was more important than ever before in 2008; super funds heavily weighted to listed markets underperformed funds with big unlisted books by nearly 15 per cent.

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Writedown talk for unlisted assets ‘nonsense’: MTAA Super

by

The deputy executive director at MTAA Super, Leanne Turner, has decried as “nonsense” suggestions that funds with large holdings in alternatives are overvalued. Listed markets continued their dismal performance up to December 31, with Australian shares down 38.9 per cent and Australian listed property down 55.3 per cent, while unlisted property lost just 0.3 per cent for the year. Asset allocation was more important than ever before in 2008; super funds heavily weighted to listed markets underperformed funds with big unlisted books by nearly 15 per cent.

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The Australian Industrial Relations Commission (AIRC) has faced criticism

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The Australian Industrial Relations Commission (AIRC) has faced criticism for an apparent lack of rigour and transparency while determining a range of default superannuation funds for employers covered by modern awards.

Submissions to the AIRC’s award modernisation project show the commission was reluctant to analyse the investment performance of the chosen default funds, even after the federal minister responsible for superannuation, Nick Sherry, made it clear such assessments would be prudent.

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The Australian Industrial Relations Commission (AIRC) has faced criticism

by

The Australian Industrial Relations Commission (AIRC) has faced criticism for an apparent lack of rigour and transparency while determining a range of default superannuation funds for employers covered by modern awards. Submissions to the AIRC’s award modernisation project show the commission was reluctant to analyse the investment performance of the chosen default funds, even after the federal minister responsible for superannuation, Nick Sherry, made it clear such assessments would be prudent.

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Program and Speaker’s Notes

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  Chair:  Colin Tate, Conexus Financial 8.45am  Conference Welcome & Opening Comments Geoff Cohen – Managing Director, ANZ Investment and Insurance  9.00am Retirement Expenditure Patterns This session will unveil the exclusive findings of a new report into Australian retirees’ expenditure patterns,and what it means for super funds. Based on original research commissioned by Rice Warner … Read more

Program and Speaker's Notes

by

  Chair:  Colin Tate, Conexus Financial 8.45am  Conference Welcome & Opening Comments Geoff Cohen – Managing Director, ANZ Investment and Insurance  9.00am Retirement Expenditure Patterns This session will unveil the exclusive findings of a new report into Australian retirees’ expenditure patterns,and what it means for super funds. Based on original research commissioned by Rice Warner … Read more

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Investment Magazine provides in-depth, monthly analysis of trends and developments for all the businesses in which superannuation funds engage‚ including asset allocation, investment manager selection, custody and fund accounting, member administration, group insurance and compliance.

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.

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