active managers

Policy and Regulation

Unisuper considers passive benchmark as Murray review response

Unisuper would consider benchmarking its returns after fees with a diversified passively run portfolio to justify the use of active management. The proposal was made by John Pearce, the fund’s chief investment officer, in response to criticism of the impact active management has on fees in the Financial System Inquiry’s interim report. Unisuper’s balanced fund […]
Hedge Funds

Academic study favours smaller fund managers

A desire for diversification is diluting the best ideas of active managers, shows a study carried out by Professor Ron Bird, a director of the Paul Woolley Centre. A study of stocks held by US mutual funds from 1995-2012 has led Bird to the conclusion that many would be better off sticking to their best […]
CIO profiles

TelstraSuper: size-conscious success

What is the optimum size for an institutional investor? This is a question foremost in the mind of Jim Christensen, chief investment officer of TelstraSuper. After four years of expansion, he believes he has maximised potential by gaining the optimum level of inhouse investment. Now running 20 to 25 per cent of assets internally for […]
Investment Strategy

Active management to the fore

Global share markets are entering a protracted period in which active management will come to the forefront, MLC’s head of equities and acting chief investment officer, Jonathan Armitage, says. MLC recently rejigged the fund manager line-up of its $1.2-billion Australian Share Fund, reducing the number of managers it employs and removing a passively managed component […]