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CIO profiles

Hartley calls for fee clarity

David Hartley, chief investment officer of Sunsuper, has challenged the industry to publish for members the costs of running their fund alongside the cost of direct fund management fees and an estimate of trading fees. He believes not only do trustees have a fiduciary responsibility to disclose fund costs as a proportion of fees to […]
Hedge Funds

Only one fund saving millions through tax efficiency

This week marks the two year anniversary of Qantas Super becoming the first Australian superannuation fund to implement tax managed centralised portfolio management. Last year it saved $23.6 million for members in its default fund – a figure similar to the year before, or an average of 38.3 basis points per year since it launched […]
CMSF

Maximising tax efficiency

There have been a number of studies that look at the after-tax returns of investment managers and conclude that for individual taxable investors, most managers do not generate enough excess return to cover the tax bill caused by the resulting capital gains tax. Superannuation funds have a lower tax rate than individuals, but the tax […]
Investment Strategy

Eaton Vance, Hexavest launch global fund

Boston-based investment manager Eaton Vance, which established a new Australian office late last year, has launched a global equity fund in the Australian market targeting institutional investors. Eaton Vance is offering the Eaton Vance (Australia) Hexavest All-Country Global Equity Fund, which is managed through the firm’s new 49-per-cent interest, Montreal-based manager Hexavest. Industry superannuation fund, […]
Custody

QANTAS Super focuses on implementation efficiency

QANTAS Super continues to innovate on implementation efficiency, applying a new structure for managing its Australian and global equities centrally, which is expected to save its members more than $9 million a year. Chief investment officer of the $6-billion fund, Andrew Spence, said the move was the latest in a number of innovative solutions employed […]