Hedge Funds

Silk: cost savings a moral imperative

AustralianSuper’s shift to running a third of its assets in house by 2018 will add $180 million to members’ returns, says chief executive Ian Silk, who sees the move as a moral imperative. The fund is setting up internal teams to run Australian equities, property and infrastructure this year and will steadily take on other […]
Hedge Funds

We’re all stakeholders, says Hermes CEO

It’s not common to sit in an industry seminar and hear a chief executive utter the words, “Firstly, let me appeal to your hearts”, yet this was the central currency to Hermes CEO Saker Nusseibeh’s keynote at last week’s environmental, social and governance-themed ACSI conference. Addressing a diverse industry crowd, with several major fund CEOs […]

Fear and complexity key to disengagement

Disengagement in superannuation funds is caused by members’ fear of loss, confusion over decision making, and embarrassment at small savings levels, a behavioural economist told delegates. The findings came from interviews with 1500 super fund members carried out by market research firm, the Leading Edge. It found 67 per cent had no interaction with their […]
Investment Strategy

Industry decries opposition on LICS

Former Australian Institute of Superannuation Trustees chief executive and long-time superannuation advocate, Fiona Reynolds, has criticised the recent outcry over the Labor government’s proposal to increase tax on superannuation earnings for higher income earners. The proposal has led to fierce debate in Parliament and industry, with Labor being accused of “class warfare” in the House […]
Investment Strategy

Shorten, FSC spar over budget

Australia’s budget was a disappointment for asset managers, according to the Financial Services Council (FSC). The government disagrees, saying its policies have improved fairness, sustainability and efficiency in superannuation. Asset managers, like many who run companies, expected a tax cut in the budget, says Martin Codina, director of policy at the FSC. The lack of […]
Investment Strategy

Editor’s pick #6

Ehud Barak’s latest statements on Iran actually exonerate it VIDEO: Tahrir Square ‘part two’ Quietly, Google Puts History Online Jose Pimentel Is Charged in N.Y.C. Bomb Plot Libya: Reported Capture of Abdullah Sanussi