sustainability

Hedge Funds

LGS increases Aussie equities risk

Local Government Super (LGS) has converted a passive mandate to an enhanced passive mandate with State Street in a move to increase its active risk. The fund has awarded the manager a $780 million active Australian equities mandate. Chief investment officer Craig Turnbull told IM online the fund is giving State Street “more scope” on […]
Unintentional

Climate change: a fiduciary duty to act

There are many accounts about the severity of pollution that rapid industrialisation has brought to China, and one of the most striking is the example of not being able to see from one end of Tiananmen Square to the next owing to smog. This highlights the dangers that unchecked carbon emissions poses, but the government’s […]
Investment Strategy

Get used to lower growth: Credit Suisse

Credit Suisse is telling its private clients to get back into equities, but says they must be prepared for lower than historical returns over the next 10 or so years. David McDonald, the head of strategy and research in Australia for Credit Suisse private banking, told a media briefing that the bank was forecasting “3.5 […]
Investment Strategy

Size and scalability up, fees down

The world’s largest asset managers should be using the advantages of their size and scalability to adjust their fee structures, according to Craig Baker, global head of manager research at Towers Watson, which just released this year’s Pensions & Investments/Towers Watson World 500. “The advantage of a large manager is they could structure their fees […]