Australian Super

Roundtables

One step at a time to LDI

Large superannuation funds are having a conversation about how they can move to offer their members a greater form of liability driven investment (LDI). Broadly LDI is an investment target that is stated and then aimed for, a target sum or a target range of money that will offer members a decent or acceptable income […]
CIO profiles

The contrarian investor: a profile of John Pearce

John Pearce, chief investment officer of Unisuper, has a side bet with a member of his investment team that the Australian equity market is going to outperform the US equity market over the next year. When most people are talking about the end of the Australian boom, uncompetitive labour costs, an expensive currency and a […]
Hedge Funds

Ways of investing in China: AIST Global Dialogue

Delegates at the recent AIST Global Dialogue tour heard of several ways that superannuation funds could invest in China’s amazing continued rate of growth. The value of Chinese equities has fallen from around 35 times earnings in 2007 to below 10 times earnings now. This is a clear buying opportunity for Stuart Rae, chief investment […]
Investment Strategy

Super Fund Awards’ finalists announced

The finalists of the Chant West/Conexus Financial Super Fund Awards have been announced by the research house Chant West. The fund ratings firm has named finalists across 10 categories, including Super and Pension Funds of the Year. Those nominated for Super Fund of the Year are AustralianSuper, CareSuper, Equip, HOSTPLUS, MLC, Plum, QSuper, REST, Sunsuper, […]
Unintentional

The characteristics of successful investment leaders

A key ingredient for success in any organisation is strong leadership. It is common in the corporate world for the chief executive to change every five to 10 years as the organisation evolves. Are the same principles true for large institutional investors? Roger Urwin, global head of investment content at Towers Watson, who also leads […]
Custody

More work for superannuation funds to do on costs

Within the Superannuation industry, cost has become a key factor for funds. Legislative reforms now require trustees of MySuper funds to consider whether their scale disadvantages members. This approach of ‘encouraged consolidation’ is premised on the assumption that bigger funds deliver lower costs for members. The focus on costs is important because while investment returns […]
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 […]
Unintentional

The anatomy of an infrastructure deal

Why did the Manchester Airports Group go into partnership with Industry Funds Management earlier this year? DAVID ROWLE Y spoke to both sides of the deal. There is not enough infrastructure for Australian superannuation funds to invest in. Governments find the transactions difficult to explain to the public, while other owners of infrastructure are wary […]
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