Rio Tinto

Investment Strategy

Member activism on the rise

Funds should start preparing for a steady growth in member activism over investments before portfolio disclosure requirements come into force on July 2014, says Danielle Press, chief executive of EquipSuper. While the numbers of members targeting funds is low, the impact could be greater owing to the way replies to questions are being posted online. […]
Hedge Funds

ACSI a testing ground for Australian business ideas

Super fund corporate governance know-how is increasingly being used by Australian companies to test commercial ideas, according to Gordon Hagart,  head of environmental, social and governance (ESG) risk management at the Future Fund. Hagart, pictured right, was speaking in advance of assuming the role of chief executive of the Australian Council of Superannuation Investors (ACSI) […]
Unintentional

Climate change: a fiduciary duty to act

There are many accounts about the severity of pollution that rapid industrialisation has brought to China, and one of the most striking is the example of not being able to see from one end of Tiananmen Square to the next owing to smog. This highlights the dangers that unchecked carbon emissions poses, but the government’s […]
Investment Strategy

AvSuper mandate for Perpetual

The aviation industry-based superannuation fund AvSuper has awarded a $75-million mandate to Perpetual Investments, to be managed in a concentrated Australian equity strategy. AvSuper has about $1.4 billion in funds under management and 6100 members. The concentrated equity strategy is managed by Paul Skamvougeras, who says the concentrated equity portfolio typically holds about 30 stocks. […]
Investment Strategy

AMP Capital takes direct route to China

There is more to the China investment story than buying mining stocks such as BHP and Rio as proxies, according to AMP Capital fund manager Patrick Ho. Hong Kong-based Ho is in Australia this week to meet with investors to promote his fund, the $330-million AMP Capital China Growth Fund, which is listed on the […]
Investment Strategy

Castlereagh is feeling his age

I&T News has a new columnist, one of Sydney’s biggest investors and wheeler-dealers, who goes by the nom de plum, Castlereagh. Not only has my gout flared up again after a big week on the lunch circuit, but I’m scratching my head and wondering if the financial world is passing me by. Here’s the thing. I’m […]
Investment Strategy

BELSH an outperformer

Difficult market conditions and internal uncertainty at BlackRock have not hampered the performance of the fund manager’s BlackRock Equitised Long Short Fund (BELSH), which outperformed the S&P/ASX 200 Accumulation Index by 13 per cent in the year to June 30. The fund is ranked number one over the one, two, three and ten years to […]
Custody

Due diligence of fund
managers overlooked

The responsibilities of superannuation trustees are many and varied. One of these responsibilities is being accountable for the robustness of the risk, compliance and operational processes of service providers appointed by the fund. The position of the Australian Prudential Regulation Authority (APRA) on this matter is very clear. Accountability for any functions, including investment management, […]
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