A new report “from the coalface” of super fund investing has gone some way to quantifying the cost of shonky investment management, with members potentially losing out on hundreds of thousands of dollars.
Surging equity markets have driven the Future Fund’s return higher, but its prediction that inflation will be stickier than expected has been born out and it “remains conscious of the potential for significant deterioration”.
AIMA announces conference keynotes
(Pictured: Keith Heydon)
AIMA Australia has announced the keynote speakers for its annual conference on September 16 at the Sydney Sofitel Wentworth Hotel. They include Keith Haydon, the CIO of Man Group affiliate FRM.
Haydon runs US$11 billion of FRM money and sits on the Man Group executive committee overseeing US$55 billion. Other keynotes include: David George, head of debt and alternatives at the Future Fund; Bruce Tomlinson, portfolio manager at Sunsuper; Richard Johnston, managing director of Albourne Partners Asia; Simon Fludgate, operational due diligence, Aksia LLC; and Jean Sukhla, portfolio manager, MLC.
The main themse this year are:
> Have hedge funds become too institutionalized and homogenised? How does an alpha generator get a look in in a world dominated by mega funds?
> How can hedge funds generate alpha from Australia?
> Investment opportunities and themes
> Global regulatory and tax issues
> Accessing family offices in Australia and overseas
> How asset consultants and advisors are working with hedge funds.
Info: http://australia.aima.org.
Note: Investor Strategy News is the media partner for the conference.
