Big investors are lifting their exposures to risk assets but a lot of them – about half – think they will also have to reduce their return expectations going forward, according to the latest survey of institutional investors by the multi-affiliate manager Natixis Global Asset Management. The survey, conducted late last year by the Sydney-based research…
Brandywine Global Investment Management should know a lot about the Australian institutional market, for which it manages about US$4.4 billion. Big super funds are worried about China and they’re worried about currency. But things are looking up. On a regular visit to Australia, Tad Fetter, Brandywine director and head of business development and client service…
by David Chaplin A new study has found backing just average active global equity funds managers can pay off – but only for institutional investors. According to the just-published research, co-authored by Russell Investments Asia-Pacific senior investment strategist, Graham Harman, the 143 global equity funds in the study sample outperformed their benchmark on average by…
By John Kavanagh Superannuation fund trustees, investment managers, securities dealers and registry services have been put on notice that the New Payments Platform, which goes live later this year, has the potential for far-reaching impact on their businesses. The NPP was launched in 2013 by a consortium of financial institutions, with the aim of developing…
A ‘lower-for-longer’ environment, as it has come to be known, has prompted various responses from big investors, including going out the risk curve. Increasingly popular, though, is the use of single-manager multi-asset strategies. Multi-asset funds can incorporate non-market directional strategies which can provide an absolute return and/or downside protection. In the case of Insight Investments’…
by Greg Bright Investment managers have forever been looking for new models with which to work. And, according to John Goetz, there is an unlimited number of factors which can go to make up those models. But models can’t do everything. The New York-based managing principal and co-CIO of global value manager Pzena Investment Management…
Big super funds tend to take comfort in the knowledge their international fund managers and global custodians will satisfy requirements in relation to new European regulations – and there are a lot of them – without too much fuss or flow-on costs. But MiFID II may hit home more directly than they think. And some…
The launch of two hybrid China fixed income indices by Bloomberg early this month has fuelled debate about the inclusion of Chinese securities generally in the broader index world. MSCI is again considering its position on China for its emerging markets equity index. The two new Bloomberg Barclays indices are: Global Aggregate + China Index,…
Comment by Patrick Liddy* The last few weeks have witnessed an interesting debate on energy reliability in Australia, although this debate is also happening around the world. It has exposed the inconvenient facts around renewables, regulation and market failure. And provided us with a bit of political entertainment in the process. It has also brought…
In the latest leakage of talent from a major asset consulting firm, Ben Griffiths, the head of Australian equity manager research at Willis Towers Watson, is leaving to go to a big fund. The leakage of talent at Australia’s major consultants to super funds seems to be continuing unabated. With a particularly big job in…
