A global survey of hedge fund managers reveals they are making significant investments in their firms’ infrastructure to comply with new regulations. The managers in the US pay the most and managers in Asia pay the least. The survey results say smaller fund managers are paying on average US$700,000 a year, medium-sized manager US$6 million…
Michael Block and entourage at a function in PNG After running the investments for some big Australian funds – a university endowment, a government insurance fund and the funds management arm of two super funds – Michael Block has taken on a different challenge as CIO of Papua New Guinea’s main pension fund. He speaks…
(Pictured:Â Ron Liling) Comment by Greg Bright Ron Liling once famously said, after he had sold and had considered buying back InTech Investment Consulting, that “manager selection is a mug’s game”. Recent events, including some new international research, support this view. Liling founded InTech in the 1980s with his old school friend John Schaffer. The pair…
(Pictured:Â James Gruber) Insiders are bailing out of Hong Kong property, retail and financial services and the likely buyers of various big assets on the block are “dumb institutions”, analyst James Gruber says in his latest note to clients over the weekend. Gruber’s newsletter, ‘Asia Confidential’ says it is no surprise that the smart money is…
(Pictured: Robert Gottliebsen) BRW is/was more than a magazine. It changed the way big business interacted with the media and, consequently, the wider world of investors and consumers. Its last print edition will appear on November 28. Buy a copy and keep it. Fairfax launched Business Review Weekly in 1981, during the Fraser Government period,…
A research paper from the trading efficiency research firm Inalytics has added some weight to the growing evidence quantifying the value of good governance at listed companies. At least the ‘G’ in ESG makes money. The Inalytics research report published last week, ‘Does It Pay to Own Companies That do the Right Thing?’, finds that…
(Pictured: Peter Dorrian) The ‘great rotation’ may not be happening as predicted, but there is no doubt investors are deciding not to rollover their term deposits in the current environment and are moving into higher-yield-paying securities. Equity Trustees and its fund manager partner, PIMCO, are looking to capitalize on the trend. Equity Trustee last week…
Deloitte has produced a paper which tries to analyze the future of the super industry. There are lots of assumptions, some of them questionable, but it is a worthy exercise and well worth reading. Click here for the full report. The 30-page report says that industry funds will continue to grow over the next 20…
Tim Macready and his directors, colleagues and advisors call it investing in a ‘biblical style’. Others call it ‘ESG on steroids’. Whatever the label, it’s working for the members of Christian Super. Greg Bright talks to Tim Macready, the fund’s CIO. There are lots of things which set Christian Super, a $750 million fund, apart…
(Pictured: Jason Clarke) It looks like, according to SuperRatings data, that when the final 2013 numbers are in, this year will be the first ever that there is negative growth in the memberships of Australia’s large super funds. If funds don’t do something about their membership leakage they will inevitably go into a slow decline…
