Investment Strategy

Funds and insurers unite in battle against poor data

Data management is becoming a “battleground” for the group insurance industry as funds and insurers seek to create new, more personalised and sustainable products, according to Robert Nunez, head of industry funds at CommInsure. The changes are a response to the soaring insurance premiums and the corresponding pressure from APRA on insurers and trustees to […]
Investment Strategy

Pimco: Australia slowly moving toward bonds

Australian superannuation funds will gradually shift their portfolios more toward bonds as people retire and demand regular income and less risk from their investments, says Pacific Investment Management Co. Australian bonds will continue to attract foreign investors who hold about 80 per cent of Commonwealth bonds, says Robert Mead, a Pimco portfolio manager. Australia’s net […]
Investment Strategy

Future Fund appoints David Gonski chairman

David Gonski, said by many to be the best-connected man in corporate Australia, will become chairman of the $73 billion Future Fund next month. Founded in 2006 to meet public sector superannuation liabilities, the fund has averaged 4.2 per cent returns per annum. The 58-year-old Gonski will assume the role at the Melbourne-based fund on […]
Investment Strategy

Steve Harker next Future Fund chairman

Steve Harker, who has been head of Morgan Stanley in Australia for 14 years, is to be appointed chairman of the $73 billion Future Fund, says a person familiar with the matter. The 56 year-old Harker has been head of the Wall Street firm’s Australian business since 1998. He joined New York-based Morgan Stanley from […]
Investment Strategy

Editor’s Pick #4

New York Times reports police have begun clearing Manhattan’s Zuccotti Park of Occupy Wall Street protestors.   The rigours of today’s tennis schedule are chiefly to blame for the sorry condition of the sport’s elite players DealBook: A Wave of Partner Retirements at Goldman Sachs #Egypt guards beat 118 detain migrants from #Eritrea, including 40 granted #refugee status, […]