squam lake group

Opinion

Burden of proof lies with funds over fees

David Murray told me it was “clear” the return from active managers is not worth the extra cost when talking to me the day after the release of the Financial System Inquiry interim report two weeks ago. This is a bold statement when applied to superannuation funds, the best of whom have a reputation for […]
Policy and Regulation

Unisuper considers passive benchmark as Murray review response

Unisuper would consider benchmarking its returns after fees with a diversified passively run portfolio to justify the use of active management. The proposal was made by John Pearce, the fund’s chief investment officer, in response to criticism of the impact active management has on fees in the Financial System Inquiry’s interim report. Unisuper’s balanced fund […]