David Atkin

Hedge Funds

Cbus sponsors residential housing conference

Cbus is sponsoring the National Housing Conference 2015 (NHC) to help progress the creation of a mechanism or product that would enable it to invest in affordable housing. The super fund is one of a number of sponsors of the biennial event, which is the largest cross-sector housing meeting in Australasia, due to be held […]
Hedge Funds

Cbus considers funding affordable housing

Funding the supply of housing stock to improve affordability for members who risk never being able to buy property is being weighed up by super funds such as Cbus. The proposal has been prompted by state governments contacting super funds about their interest in investing in social housing. David Atkin, chief executive of Cbus, said […]

Cbus investment fees cut by 18pc

Cbus cut the investment costs on its $31 billion fund from 77 to 63 bps in the past financial year. Scale benefits from renegotiating fee structures, manager consolidations, savings identified through working with new custodian JP Morgan and the diminishing size of a private equity fund of funds portfolio have all led to the cuts. […]
Hedge Funds

Cbus’ new hire expands tailored mandates strategy

Cbus has appointed an investment specialist, equities, as part of its strategy to tailor mandates with its fund managers, in contrast to the growing trend amongst other sizeable funds to bring investments in house. The $31 billion fund has recruited Kiran Singh to the role. He has experience across both Asia and Australia, most recently […]
Policy and Regulation

Frydenberg wants discussion on income replacement bracket

Assistant treasurer Josh Frydenberg wants an income replacement bracket to be part of the debate in setting an agreed objective around superannuation. This is part of a broader retirement income policy examination the government is undertaking. The “Holy Grail of reform” is the interaction between taxation, superannuation and pension, Frydenberg told delegates at the Financial […]

Cbus finds a third way

Most large superannuation funds are looking to increase the amount they manage in-house, but Cbus is resisting the trend and thinks it has found a smarter approach. As a $30 billion Cbus moves up fund size from medium to large fund over the next five years, it is finding greater complexity in achieving further economies of scale. […]
Investment Strategy

Cbus reveals soaring TPD claims

Cbus has disclosed figures showing TPD claims from members have nearly doubled in two years. There were 798 TPD claims paid in the financial year ending 2012 totalling $45 million, while claims in the financial year ending 2014 totalled 1296 and paid out $88 million. Cbus has set new standards for transparency in its annual […]