The Australian Catholic CIO used all his discretion to maintain an underweight position in risk assets before recommending a deployment of cash into equities and credit in what turned out to be the most valuable superannuation fund trade of 2020, Matthew Smith writes.
Funds experienced a higher than usual number of members switching out of growth assets in the market turmoil of the past few weeks, but nowhere near as high as the switching levels of 2008. Better communications have been attributed for the lower levels of switching as US markets experienced one of their largest ever one […]
Changing liquidity premiums and a long time horizon allow the NZ$29 billion sovereign wealth fund, New Zealand Super Fund, to access new investment opportunities. Liquidity premiums are appearing in niches because of the changing activities of the banking sector, essentially in areas where investment banks, brokers and hedge funds were actively involved pre-GFC. “One of […]