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Investment Strategy

CareSuper gets defensive

CareSuper has awarded two $100-million mandates to GMO and Wellington in an effort to shift its absolute return portfolio to a more defensive position. The $7.7-billion fund has awarded just over $100 million to the GMO Multi-Strategy Trust and just under $100 million to the Wellington Global Total Return Fund in the past month, according […]
Opinion

A letter to Tony Abbott

Dear Prime Minister In January 1999 you gave a highly persuasive speech about the folly of Australia swapping its current constitution for an unproven model. In the speech, which appears in a book entitled Men and Women of Australia, our greatest modern speeches, you recognised that the current constitution had some alarming incongruities, but for […]
Investment Strategy

Super Friend attracts government interest

Programs created by Super Friend to cut suicide rates by making workplaces a centre for helping those at risk of mental illness is attracting government interest. Mental health initiatives typically focus on individual members, but Super Friend’s pilot makes members aware of themselves and their colleagues. It also recognises that being connected to the workplace […]
Investment Strategy

Super contributions down in Q2

Financial Services Council chief economist, James Bond, said the unexpected drop in superannuation contributions in the June quarter could be attributed to a loss of investor confidence in the super system as well as “leakage” of employer contributions to the self-managed superannuation sector. According to the latest quarterly data from the Australian Prudential Regulation Authority, […]
Investment Strategy

Platinum picks: following the Neilson nose

Star stock picker Kerr Neilson isn’t afraid to admit when he’s wrong. Three years ago, he refused to believe that women would never want to buy their clothes and shoes online, only to watch internet-based retailers for women become the most popular websites in the world, facilitating enormous sales volumes daily. “Three-to-five years ago, I […]
Hedge Funds

Some questions for Russell Mason

Mason, a partner in superannuation at Deloitte, began his career as a solicitor, but his consultancy work in superannuation has spanned decades, with experience at Prudential and 24 years at Mercer. He spoke to AMAL AWAD about super and why he loves consulting. How did you land in superannuation consulting? Pure chance. I trained to be a solicitor […]
Policy and Regulation

Rubin: bed down reforms

The superannuation industry has to bed down the raft of regulatory reforms, says Elana Rubin, former chair of AustralianSuper. “I appreciate that government undertakes regulatory reform with the very best intentions, but from a member perspective, it can often reduce confidence in the system. And while it may not affect them directly, they read about […]
CIO profiles

TelstraSuper: size-conscious success

What is the optimum size for an institutional investor? This is a question foremost in the mind of Jim Christensen, chief investment officer of TelstraSuper. After four years of expansion, he believes he has maximised potential by gaining the optimum level of inhouse investment. Now running 20 to 25 per cent of assets internally for […]
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