superannuation fund

CIO profiles

The third annual Casey Quirk / Top1000 funds CIO sentiment survey

Our survey received responses from chief investment officers representing $223 billion of assets. The main trends from 2014 cover internalisation and asset allocation shifts. Forecast changes to equity allocations The fund that has switched its emphasis to global equities to domestic equities is common and best exemplified by AustralianSuper, which in the year to June […]

Profile: LGsuper’s alternatives portfolio

Since 2005/06 the $8.6 billion LGsuper fund has moved away from peer benchmarks to a low volatility, low equity asset allocation – its board has sought greater diversification within the fund. Guy Rundle, investment manager, LGsuper, talks to Investment Magazine about why the fund has faith in alternatives. The Queensland local government employee fund LGsuper […]
Hedge Funds

Investment governance is the new black

The question of who makes the investment decisions needs to move to the top of superannuation fund agendas believes Fiona Trafford-Walker director of consulting for Frontier Advisors. “Expect internal governance to become the new black,” she told delegates at the Fiduciary Investors Symposium at Lilianfels, Blue Mountains. She identified the challenges for funds face as […]

Transforming custody

Superannuation funds would like their custodians to be providing more liquidity and stress testing of their assets. Partly this is being driven by regulation, partly by trying to make sense of increasingly diverse and dynamic portfolios. It is also important in calculating the management expense ratios needed for MySuper on product dashboards. The following quotes […]

The sting in Stronger Super

The fourth tranche of MySuper legislation ushers in an era of instant regulator fines. Adapting won’t be easy, but it is impossible without understanding the mechanics and subject matter of infringement notices. APRA powers Infringement notice procedures are severe, almost draconian, and the risks they create should be carefully considered. Sections 224 to 224E inform […]
Hedge Funds

All bells and whistles at Club Plus Super

Members of the $1.5 billion industry superannuation fund, Club Plus Super, can now directly purchase term deposits, exchange-traded funds and shares via the fund’s new online investment and administration platform. For only $15 a month plus brokerage fees, members can invest in one, three, six and 12-month deposits and trade stocks on the S&P/ASX 300 […]
Hedge Funds

One true super

Australia’s first Islamic principle-compliant superannuation fund has gained 30 to 50 members a week from industry and retail funds in its first few months of operation. Crescent Wealth has focused its marketing on Muslims under the age of 40, with adverts on Facebook and Google with the messages “Is your super Halal? Ours is” and […]