performance

Investment Strategy

Unisuper says buyer beware of star fund

Unisuper has issued a ‘buyer beware’ warning on the prospects of its high performing Global Environmental Opportunities fund. The fund has attracted the attention of members after it returned 45 per cent after tax to the end of September for a small group of members who now invest $85 million within it. It is entirely […]
Hedge Funds

Economic growth no proxy for equity performance

Two emerging markets specialists have explained why developed market equities are outperforming countries such as China. Anne Richards, global chief investment officer at Aberdeen Asset Management, said economic growth was not a proxy for equity market performance, with the MSCI Emerging Markets Index severely underperforming the MSCI World Index in the last 12 months despite […]
Governance

How to trust a trustee

Magazine editors from time immemorial have used the simple device of listing 10 things – 10 ways to lose weight, to pay off mortgages, achieve better orgasms, discover the best ciders, harness the real you, and so on – simply to keep readers from dozing off and tuning out. Whether there’s any science to it, […]
CMSF

Reforms not about industry consolidation

The Stronger Super reforms aren’t aimed at pushing out smaller funds, says Ross Jones, deputy chairman of the Australian Prudential Regulation Authority (APRA). Speaking on a panel with the commissioner of the Australian Securities and Investments Commission (ASIC), Greg Tanzer, Jones responded to concerns about the impact of reform on smaller funds. “The issue with scale […]
Administration

ASFA to push for future-performance reporting

The Association of Superannuation Funds Australia (ASFA) will be pushing industry to project future performance using a “balanced scorecard”, according to its chief executive officer, Pauline Vamos. In line with more transparent reporting protocols, Vamos says while the focus in super has traditionally been past performance, there are ways to give indicators of future performance. […]
Investment Strategy

IFM ramping up GDP-linked infrastructure

Infrastructure investor Industry Funds Management believes that 2013 could be a good year to invest in GDP-linked assets after significant investment in regulated assets in recent years. Kyle Mangini, IFM’s Melbourne-based head of infrastructure, says that valuations for GDP-linked assets, such as airports, seaports and toll roads are at an attractive point in the cycle, […]
Investment Strategy

Wingate Asset Management wants $1 billion

Wingate Asset Management, the global stock investor backed by Australian Unity Investments, says it can bolster the size of its fund 20 fold in two years. The Melbourne-based firm’s founder Chad Padowitz says it is no great stretch for the firm to increase its assets under management to $1 billion from $50 million with the […]
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