shareholders

Unintentional

Maverick Series video – Gonski part VI

If the average length of stay by shareholders in the top 200 US companies is 20 minutes, what is the impact of that on long-term investing? Watch David Gonski, chairman of the Future Fund, share his views on high-frequency trading and the economics of investment.
Investment Strategy

Asset managers decry share sale process

Guy Foster, head of equity capital markets in Australia for Bank of America Merrill Lynch, was red in the face. It may not have necessarily been because three asset managers at the Ownership Matters governance conference were voicing criticism of investment banks hired to sell shares for companies. “Long-term shareholders are discriminated against” in many […]
Unintentional

Funds pressured to reverse shareholder inactivism

A rallying cry at superannuation conferences is for sharper shareholder engagement with investee companies, aimed at unlocking more value for members. But strangely, the investment managers dedicated to this pursuit – activists – are largely absent from the domestic market. This is despite the wealth of underperforming target companies, and the good track record established […]
Unintentional

Funds pressured to reverse shareholder inactivism

A rallying cry at superannuation conferences is for sharper shareholder engagement with investee companies, aimed at unlocking more value for members. But strangely, the investment managers dedicated to this pursuit – activists – are largely absent from the domestic market. This is despite the wealth of underperforming target companies, and the good track record established […]
Investment Strategy

LGSS completes active equities restructure

The $4.7 billion NSW Local Government Superannuation Scheme (LGSS) has terminated two mandates with active Australian equity managers and awarded a new mandate worth $110 million to a Sydney-based active boutique in the final stage of the restructure of its domestic equities portfolio.
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