strategies

Governance

Super Salary Survey: Differences in Disclosure

What do the explanations for remuneration strategies given by funds reveal? The biggest clichés in super fund remuneration statements are that the trustees consult with independent external consultants to ensure pay is in line with industry standards and that incentive pay for CEOs and CIOs is based on key performance indicators (KPIs). Usually this is […]
Investment Strategy

Half a million Queenlanders put into retirement cohorts

QSuper has given a teasing snippet of its progress in placing default fund members into group cohorts. This month it moved $21.7 billion of savings for 440,000 members into separate group strategies designed for specific ages, account balance, contribution rate and gender, but has not revealed the nature of each strategy. The switch has occurred […]
Hedge Funds

Smart beta: is it worth it?

Most smart-beta offerings fall into the same trap as index strategies: blindly following a set of criteria even when the strategy is underperforming. Instead, beta harvesters should be more thoughtful, according to Tim Gardener, head of institutional client strategy at AXA Investment Managers, who also believes smart-beta strategies are overpriced. “In beta strategies, market cap […]
Investment Strategy

Senator Mathias Cormann speaks to Simon Mumme

Senator Mathias Cormann, Shadow Minister for Financial Services and Superannuation, speaks to Simon Mumme, Investment Magazine editor, about superannuation and the opposition’s position on the governments financial services reform. The interview took place at a recent roundtable conference on financial services in Sydney.
Hedge Funds

Infrastructure allocations below 3 per cent “meaningless”

While infrastructure as an asset class has been embraced by pension funds in Europe and Australia alike, in the US it is still a nascent concept. The difference is largely down to a lack of privatisation in the US, where infrastructure historically has been provided by local and state government. In North America, funds such […]
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