(pictured: Mark Lazberger) Members of the CFA societies of Australia, with their genesis in the CFA Society of Sydney in 1996, come together tomorrow (October 5) with an adventurous evening of thought provocation. The original ‘Hypotheticals’ presenter, Geoffrey Robertson, returns to Australia for the occasion with an expected audience of 350. Robertson, the London-based QC…
(pictured: Andrew Guilfoyle) Willis Towers Watson (WTW) has adopted a dual approach to long-term asset return modelling for super funds and other clients which offers investors differing views of the future based on either the ‘new normal’ or ‘traditional’ assumptions. The strategic shift will see WTW publish its ‘alternative’ asset pricing model – established for…
(pictured: Claire Braund) In a stinging rebuke of the Federal Government’s reworked ‘BoardLinks’ program, Claire Braund, one of the founders of Women on Boards and respected gender diversity advocate, said last week the new program had “all the hallmarks of exclusivity and elitism” that people had been working so hard to remove. The relaunch of…
(pictured: David Chaplin) The KiwiSaver market has passed NZ$34 billion ($A32.3 billion) in total assets, making it the largest pool of retail money in New Zealand and representing more than half the country’s population as members. But the number of providers is shrinking. The annual study by Investment News NZ publisher David Chaplin shows, however,…
(pictured: Tristan Baldwin) by John Kavanagh* Block trades have a significant mitigating effect on stock price volatility in the minutes leading up to the execution of a large share transaction, according to new research. Block trade specialist Liquidnet analysed its trading activity during the first half of the year and found that stock price volatility…
(pictured:Â John Peterson) John Peterson, former fund manager and asset consultant, has presented a forceful case to the Productivity Commission inquiry into the efficiency of the superannuation system backing the argument that an extreme focus on costs is to the detriment of super fund members. MySuper comes in for a particular serve. The director of the…
NAB Asset Servicing’s 22-year reign as Australia’s largest custodian has come to an end, according to the official market share figures to be published by the Australian Custodial Services Association within the next day or two. The new top of the charts and, for a long time, the largest securities servicing firm in the superannuation…
(pictured:Â Martin Gilbert) by Greg Bright In these days of increasing variety in investment structures, from traditional LICs to listed investment trusts, to ETFs to SMAs and IMAs, to mFunds and, most recently, to exchange quoted managed funds, it’s the traditional – the LIC – which investors and managers alike still tend to favour. For some…
(pictured:Â Benjie Fraser) Asia is lifting its game with the adoption of ESG principles, according to JP Morgan Investor Services, as big pension funds and other institutions are starting to widen their brief to embrace a UK-style “stewardship code”. Benjie Fraser, UK-based global pensions executive for investor services at JP Morgan, and regular visitor to Australia…
There are lots of theories about the best way to manage money but one of the most enduring is to adopt long-term thematic bets resulting in idiosyncratic concentrated portfolios. Enter Guardian Capital to the Australian market. Guardian has become a client of third-party marketer Allen Partners and has committed to offering its style of investing,…
