australian equities

Investment Strategy

‘Rush’ to boost internal investment capability

The pace of increase in internal investment teams at superannuation funds is increasing, according to an Investment Magazine survey. Feedback from 19 chief investment officers at some of the largest super funds found that 40 per cent are planning on adding internal capacity over the next three years. A year ago the same survey found […]
Investment Strategy

Active managers flourish in near ideal conditions

Jana Advisers has seen three quarter of its recommended active equity managers outperform against their benchmarks over the past year. Steven Carew, head of research at the firm, says the success rate of 75-80 per cent is attributable to near ideal conditions for stock pickers. “The dispersion between and within markets is quite wide so […]
Hedge Funds

AustralianSuper weathers fund manager hostility

Mark Delaney, chief investments officer of AustralianSuper has sought to calm fund manager hostility to his fund’s rolling plan to manage money internally. This follows a formal announcement by the fund that managing a proportion of equities, property and infrastructure in-house will eventually deliver savings of $150-million per year (or 15bps) on external fund manager […]
Hedge Funds

Silk: cost savings a moral imperative

AustralianSuper’s shift to running a third of its assets in house by 2018 will add $180 million to members’ returns, says chief executive Ian Silk, who sees the move as a moral imperative. The fund is setting up internal teams to run Australian equities, property and infrastructure this year and will steadily take on other […]
CMSF

Funds vow to fight SMSF exodus

Leading superannuation funds are preparing to strike back against the appeal of self-managed super funds (SMSFs) by offering inhouse self-managed options to members. In a panel session which revealed how SMSFs now represent 32 per cent of all superannuation funds, larger than any other sector, HOSTPLUS said it would be offering members a self-managed investment […]
Investment Strategy

Lodestar Capital to shut

Lodestar Capital Partners will close down on June 30 after more than five years managing money. The Australian stock fund manager, which is 33-per-cent-owned by Nabinvest, says its main fund has outperformed the stock market by about 1 per cent a year since inception on March 1, 2007. “This has been a difficult decision to […]
Investment Strategy

AMP’s Brown is critical of boutique asset managers

Ella Brown doesn’t mince her words. AMP Capital’s head of fundamental equities says some Australian boutique fund managers have an inflated reputation. “Just because people are in a boutique it doesn’t mean they have more commitment to the product than us at AMP Capital. We have very passionate portfolio managers,” says Brown. She says there […]
Investment Strategy

AMP’s Brown is critical of boutique asset managers

Ella Brown doesn’t mince her words. AMP Capital’s head of fundamental equities says some Australian boutique fund managers have an inflated reputation. “Just because people are in a boutique it doesn’t mean they have more commitment to the product than us at AMP Capital. We have very passionate portfolio managers,” says Brown. She says there […]
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