Hedge Funds

Legalsuper to finally get its CIO

Legalsuper hopes to announce its first ever chief investment officer at the end of this month. This is the $2.6 billion industry fund’s second try at appointing a CIO, after its search in October for a senior industry figure looking to convert from a full-time to a part-time role did not yield enough candidates. Changing […]

Two views of super system integrity: is it an A or a C+?

Two recent reports have delivered very different views of the Integrity of the Australian superannuation system. The 2013 Melbourne Mercer Global Pension Index (the Index) gives the Australian retirement system an A in its integrity sub-index, while Morningstar’s 2013 Global Fund Investor Experience Report rates Australia as a C+.  So, who’s right? In both reports, […]
Investment Strategy

ASIC wants “bad apples” out of finance

The Australian Securities & Investments Commission wants to ensure “bad apples” in finance are culled. The regulator, that enforces company and financial services law, is seeking to be more assertive. ASIC will have a “proactive, regulatory approach,” says commissioner Peter Kell. Regulators will be “more forward looking” in addressing risk. Kell, citing an ANZ survey, […]