Andrew Spence

Hedge Funds

Only one fund saving millions through tax efficiency

This week marks the two year anniversary of Qantas Super becoming the first Australian superannuation fund to implement tax managed centralised portfolio management. Last year it saved $23.6 million for members in its default fund – a figure similar to the year before, or an average of 38.3 basis points per year since it launched […]
Custody

QANTAS Super focuses on implementation efficiency

QANTAS Super continues to innovate on implementation efficiency, applying a new structure for managing its Australian and global equities centrally, which is expected to save its members more than $9 million a year. Chief investment officer of the $6-billion fund, Andrew Spence, said the move was the latest in a number of innovative solutions employed […]
Hedge Funds

Inside the Qantas
investment engine

Basis points matter, according to Andrew Spence, chief investment officer of the $6-billion Qantas Superannuation Plan, because the volumes of money in superannuation are “enormous.” He is not talking about incremental investment gains on billions of dollars of invested capital. He’s speaking about saving money. Specifically, the $1.42 million that the fund saved in the […]