blackrock

Hedge Funds

The metamorphosis of passive managers

Industry funds, with their ideology and history of affecting change due to profit-for-member motives, have been instrumental in driving transformation over the past decade, pressuring passive fund managers to vote their stock in companies. Investment Magazine examines how this is changing the skill set of passive managers and if this will impact on costs. Increasing pressure […]
Hedge Funds

Super funds’ priorities reshaping passive managers

The sheer weight of assets held by passive managers is dramatically increasing their power to engage with companies on issues of corporate governance and ESG. Investment Magazine investigates the mixed messages coming out of the three biggest passive managers as they attempt to meet engagement expectations from institutional investors. Two trends are causing institutional investors to ask more from passive management, fuelling a change […]
Hedge Funds

Finance companies back in favour

BlackRock has identified finance companies as the strongest sector bet in a global equities market artificially inflated by quantitative easing. Ewan Cameron Watt, chief investment strategist of the BlackRock Investment Institute, who met with investors in Australia over the past few days, has flagged the impending rise in US interest rates as boosting profit margins, […]
Hedge Funds

New breed passive manager emerges

A new breed of passive manager that conducts greater engagement with companies to create long term value is set to emerge as the scope for large investors to gain access to skilled managers decreases. The US$ 4.77 trillion fund manager BlackRock has already started down this path in the belief that long term financial and […]
Hedge Funds

VicSuper starts stress-testing system

VicSuper is introducing a stress-testing system for its assets that will help manage risk on idiosyncratic allocations, such as its recent tailored fixed-income portfolio. Last year the fund moved from a passive index allocation to a tailored, global fixed income index, created with index provider, Barclays, and its principal fixed income manager, BlackRock, to reflect […]
Investment Strategy

2013: another 3D feature

A year ago, in early 2012, the global economy was healing gradually. Growth rates in the developed world and some emerging markets were well below the long-term averages, if not actually negative. Investor confidence was fragile, with sentiment overshadowed by concerns over the banking system and public finance in the euro area. So, what has […]
Investment Strategy

Australian executive pay in “straightjacket”

Long-term incentive (LTI) schemes for Australian executives are driven by “caution and conformity” and the one-size-fits all approach needs reform, according to a research paper from funds manager BlackRock. Pru Bennett, BlackRock’s Asia-Pacific head of corporate governance and responsible investment, has studied the LTI schemes used by 148 companies listed on the ASX and found […]
Investment Strategy

ETFs reach
$5.7-billion high

The Australian exchange-traded fund industry continues to grow, with assets under management reaching a high of $5.7 billion at the end of September, according to BetaShares ETF Review. The growth represented a 3.9-per-cent increase over the course of September, attributable rather to a rise in underlying asset prices rather than fund inflows. The most popular products […]
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