Cash flow

Policy and Regulation

Policing super payments

In the 22 years since its inception, Industry Funds Credit Control (IFCC) has secured more than $1 billion of unpaid superannuation guarantee (SG) contributions from employers. David Gibson, general manager of IFCC, says that between July 1, 2007 and June 30, 2011, the IFCC secured about $400 million of missed SG payments; in the 2011-12 […]
Custody

Inhouse target: zero to $40 billion in 4 years

If everything continues on schedule, the $60-billion AustralianSuper will begin testing its new internal investment-management systems this month, with a view to managing its first money in house in the third quarter of 2013. Within four years the fund expects to manage as much as $40 billion in house, funded primarily from cash flow, and […]
Hedge Funds

Where standard risk
approaches fail

Towers Watson is recommending better, broader ways of measuring and monitoring risk, and uses the concept of the “irreversibility of time” to illustrate where standard approaches to risk and return can fall down. Martin Goss, senior investment consultant with Towers Watson and a member of the Thinking Ahead Group, said that investment is “about an […]