Chi-X and Deutsche Bank are hopeful of having between 25-50 US stocks on their new TraCRs system for Australian investors within the next 12 months, following last week’s launch of five securities and immediate plans for a further five by the end of this month. TraCRs enable investors to buy the equivalent of a US…
by Greg Bright The Securities and Exchange Commission in the US is coming after a start-up Australian funds management firm, Goldsky Asset Management, for misleading representations to potential investors. The SEC law suit shines a light on the Gold Coast-based firm which had a glittering celebrity launch just last year. According to the SEC, Goldsky,…
Group life insurance for the vast majority of Australians is about to go through its biggest shake-up since the 1980s. Younger people are likely to be cut out of their coverage and older people are going to pay more. In theory, it seems like a decent plan, but not everyone is happy. As is often…
Tasplan, the $8 billion Tasmanian-based industry fund, has become one of the first to review its insurances ahead of the proposed “Protecting Your Super” legislation. There are winners and losers in this situation. Nick Connor, the Tasplan chief operations officer, says that his fund’s review actually started because of the recent mergers, ahead of the…
SuperRatings and Lonsec have announced the finalists for their upcoming awards night, to be held at Melbourne’s Grand Hyatt on October 30. The awards reflect the evolution of the super industry, with several new accolades for innovation and technological developments. Lonsec Holdings, the company which oversees SuperRatings and Lonsec Research, is hosting the annual awards…
RBC Investor & Treasury Services has won the core custody, fund administration, registry and risk and investment analytic services for multi-manager Warakirri Asset Management. Warakirri’s previous custodian was JP Morgan. Warakirri offers specialist investment management for charities, global and domestic pension funds as well as individual investors across Australian and international equities, Australian agriculture, currency…
by John Hamer* Paul Smith, the global president and chief executive of the CFA Institute, says shining a light on a problem, as Australia’s Royal Commission into banking has done, is a good thing. Before you find a cure you need to find the illness, he says. Australian cricket’s ball-tampering’ scandal is a good analogy….
by John Peterson* S&P Dow Jones Indices recently released their SPIVA Australian Scorecard covering manager versus index performance to June 2018. The results of the analysis, unsurprisingly, found that, with the exception of small-cap equities, the average Australian actively managed fund underperformed comparable market indices over one-year and longer periods. That is, more than 50…
Lars Jaeger, the global head of risk premia investing for GAM Investments, has looked at the work behind the latest Nobel prizes for economics – one for studies in technological innovation and one for climate change. His conclusion is that economies grow best in “open societies”. In his latest personal blog Jaeger, the head of…
In the country’s biggest single investment mandate, State Street Global Advisors ended the financial year with almost NZ$8 billion (A$7.6 billion) under management for the NZ Superannuation Fund (NZS). The just-released NZS annual accounts show the State Street passive global equities mandate sat just $24 million shy of the $8 billion mark as at June…
