Hedge Funds

UniSuper: in defiance of accepted thinking

Mention any asset class to John Pearce and he will doggedly set out the good and bad thinking around it. A common source of his ire is the sight of investors herding around a belief based on a lack of rigorous thinking. Good practice for him involves standing up to accepted thinking or at the […]
Investment Strategy

Get used to lower growth: Credit Suisse

Credit Suisse is telling its private clients to get back into equities, but says they must be prepared for lower than historical returns over the next 10 or so years. David McDonald, the head of strategy and research in Australia for Credit Suisse private banking, told a media briefing that the bank was forecasting “3.5 […]
Investment Strategy

Positive start for super funds

Australian super funds have begun the new financial year in positive territory, with the median balanced option posting a 1.1-per-cent gain for the month of July. Research from SuperRatings shows that the July result was driven by a 3.1-per-cent gain for Australian share options and positive contributions from property, fixed interest and cash. A stronger […]
Investment Strategy

Flight from cash imminent: AMP Capital

Falling official interest rates in Australia will dampen individual investors’ appetite for cash term deposits and increase appetite for dividend-paying stocks, listed property and other yielding assets, according to AMP Capital Investors. The Sydney-based fund manager, which oversees about $100 billion in assets, official interest rates to fall from 3.5 per cent to 3 per […]
Investment Strategy

AMP CEO: 2008 changed asset management

Craig Dunn, AMP’s chief executive, says the 2008 global financial crisis has perhaps changed asset managers’ relationships with their customers forever. “People are less trusting than they once were,” says Dunn, 48. “There is a lot of focus on liquidity.” Dunn, who became chief executive officer in January 2008, says now consumers of financial products […]
Investment Strategy

VFMC’s first quarter breaks benchmark

Victorian Funds Management Corporation, the fund for the state’s public authorities, increased its funds under management by $1.8 billion to $36.8 billion in the three months to March 31 after its stock, infrastructure and bond investments all performed well. The Melbourne-based fund said in a statement that half its assets are invested in shares in […]