strategy

Unintentional

Leadership sets culture…

An organisations leadership sets the culture and thereby its brand, Bob Every, chair of Wesfarmers and Boral, said. Vision, strategy and operating style are the three critical components needed to be utilised by leadership if they want to define culture and build a sustainable brand he said. “Vision is the net presence value of future […]
Administration

Superpartners put under review

AustralianSuper, Cbus, Hesta, MTAA and Hostplus are conducting a review of their reliance on Superpartners as the sole source of IT for investment administration. The move comes after several years of concern at Superpartners’ overspend on IT projects that have under delivered or not appeared on time. A statement issued by a Cbus spokesperson said: […]
CIO profiles

Profile: Craig Turnbull CIO Local Government Super

Some of Local Government Super’s ideas on ESG arise from a requirement that even its most red-blooded active manager must research it as part of their investment process. Chief investment officer, Craig Turnbull, says: “We will only use managers that think about ESG factors when making their investment decisions, so that it is making a […]
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 […]
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