fund managers

Strive for elegance on fees: Albourne Partners

Albourne chief executive John Claisse points to the ‘1 or 30’ fee model as an example of the flexibility hedge funds need to survive.

Amanda WhiteOctober 9, 2017

Professor says customised benchmarks fail everyone

Customised benchmarks don't serve anyone well, professor Ron Bird told the PortfolioConstruction Forum Strategies Conference.

Nour AzharSeptember 1, 2017

Ascendancy of the chief investment operations officer

Chief investment officers and portfolio managers are finding it increasingly difficult to implement portfolio decisions without getting a final tick of approval from their back-office colleagues.

Amanda WhiteFebruary 24, 2017

Short-term contracts harm long term value

‘Long-term investors’ will remain short-term investors until they move beyond three year contracts with external managers, according to Saker Nusseibeh, chief executive of Hermes. Challenging delegates at the Equities Summit to question accepted beliefs, Nusseibeh said a bias to owning ‘quality companies’ without carrying out engagement to improve governance was another common investor deceit. The […]

David RowleySeptember 9, 2015

Hedge Funds

The rationale for in-house management

Christian Super, a $1 billion fund, insourced its impact investing portfolio because despite searching for a fund manager they couldn’t find one to take what they felt was a compelling investment case. Presenting at the Fiduciary Investors’ Symposium the fund shared its experience of moving insourcing, including cash and domestic fixed income, which were brought […]

Dan PurvesMay 14, 2015

Retirement

Diverse partnerships likely in retirement product development

An increase in diverse partnerships with financial service providers is likely as super funds attempt to develop attractive post-retirement products, the Post-Retirement Conference heard. These partnerships will likely include fund managers, insurers and investment banks as well as larger funds offering products to smaller funds. Nicolette Rubinsztein, general manager of retirement and advocacy at Colonial […]

Dan PurvesMarch 11, 2015

Industry View

The Great Fee Debate – resetting manager and investor expectations

The recent push by the SEC in the US and ASIC in Australia for greater transparency on fees has reignited the debate about what is fair and reasonable when it comes to asset management fees. The two main sides to the debate predictably defend their respective positions with managers cast as greedy and investors portrayed […]

Jonathan RochfordAugust 18, 2014

Unintentional

Legal pitfalls for funds in tender documents

A little understood legal principle could turn your next outsourcing exercise into an expensive headache, says David Galloway, in house lawyer for a leading super fund. By sending out a request for submission or tender document the issuer will almost always create a side contract called a process contract, exposing it to legal action if […]

David GallowayJune 29, 2014

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