global financial crisis

CMSF

Super fraud on the rise

Payment interception by male internal staff in non-management positions represents the biggest risk of fraud for superannuation funds, KPMG’s biennial fraud survey has revealed. The profile was created from a survey of 281 financial services organisations who had detected $372.7m worth of fraud in the last two years. Three quarters of this fraud was committed […]
CMSF

Siguler Guff boss upbeat on global opportunity

The world economy will grow this year and there will be positive GDP growth most likely next year, says George Siguler, managing director and founder partner of private equity investment firm, Siguler Guff. Speaking ahead of his appearance at the Conference of the Major Superannuation Funds (CMSF) in Brisbane this week, Siguler said there are […]
Hedge Funds

Actuaries Institute’s Melinda Howes Q&A

Chief executive officer of the Actuaries Institute, Melinda Howes, spoke to Amal Awad about how actuaries contribute to the superannuation industry. Being a woman in a powerful role with a family, how do you find a work/life balance? I didn’t think about this when I started my career, but working as an actuary is a fantastic […]
Unintentional

This is the final edition of I&T News

All publishers regularly review the relevance of their titles, and all are trying to make sense of the combined effects of the global financial crisis, an advertising recession and the digital revolution. We are not the first and we will not be the last to rationalise our product line-up as a result. But at Conexus […]
Investment Strategy

The new normal in investment management

In order to be bullish about their businesses, most investment managers need to take a long-term view. Globalisation, which involves the further integration of financial markets and economies, should promote the growth of pools of organised savings over the next decade or two. Because of ageing populations in developed and developing countries, demand for retirement-savings […]
Administration

STP saves time, risk and cost

Since the advent of mainframes in the financial services sector, the term straight-through processing (STP) has been with us to describe the ongoing integration of the front, middle and back offices, connecting parties to each trade electronically in order to reduce inefficiencies – and risk. By allowing the automatic transfer of information from one part […]
Hedge Funds

Does reform spell the end for the OTC market?

The global reforms to the trading, clearing and settlement of over-thecounter (OTC) instruments have been well published and there is a pleasing level of industry awareness over both the requirements and the likely implications to business operations. However, many consequences of the reforms are yet to be fully identified and there is the risk that […]
Investment Strategy

Alternatives: buyer beware

Many superannuation funds that suffered losses to their alternatives portfolios during the global financial crisis were not using the asset class for its intended purpose – to diversify portfolio risk. So says Simon Eagleton, Mercer’s investment head for Australian and New Zealand, who believes many of the alternative assets that funds invested in carried the […]
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