september

Investment Strategy

Currency to crimp the master trusts’ comeback

The comeback of retail master trusts against industry funds in the performance stakes will face a headwind if the Australian dollar remains high, because their average strategic hedging level is much lower, according to data from Chant West Financial Services. “To the extent that anyone’s not 100 per cent hedged, they are suffering at the […]
Investment Strategy

Big global equities surge at Future Fund

The Future Fund’s exposure to global equities surged by nearly 50 per cent in the September quarter, with the $60 billion-plus fund also seizing opportunities in debt securities and property as the proceeds from the Telstra sell-down and a reduction in cash holdings were spent.
Investment Strategy

Holzberger sets it straight on QIC

Brad Holzberger As managers wait nervously to learn if their mandates with QIC’s closing implemented programs will be transferred or terminated, the chief investment officer at major client QSuper, Brad Holzberger, has clarified where his fund’s internal investment arrangements are up to.
Investment Strategy

Russell’s Wednesday of woe: 36 gone in Australia

Russell is paying the price for its new dependence on asset-based fees, with 20 Melbourne staff and 16 Sydney staff retrenched last Wednesday including the director of investor services and all but two of the institutional business development managers, while it will not re-tender for one of its largest asset consulting contracts.
Hedge Funds

Russell's Wednesday of woe: 36 gone in Australia

Russell is paying the price for its new dependence on asset-based fees, with 20 Melbourne staff and 16 Sydney staff retrenched last Wednesday including the director of investor services and all but two of the institutional business development managers, while it will not re-tender for one of its largest asset consulting contracts.
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