It’s been one of the most disappointing regions in the world in terms of performance, but Pzena Investment Management thinks China’s bombed-out equity market presents “a real win opportunity”.
The chief of BNP Paribas’ local securities services division expects that the period of heated competition that followed the exit of NAB Asset Servicing will continue, with custody banks leveraging their offshore footprints and private markets capabilities in the fight for new business.
While Australian Retirement Trust thinks massive scale makes offshore investing a must, not every fund wants to join the jet set, and UniSuper thinks there’s still plenty of opportunities to be had at home.
Equities are surging as asset allocators come to grips with the market environment and private markets are going backwards, according to bfinance, while fears of an ESG “backlash” appear overstated.
The end of decades of stable market conditions is a matter of ‘when’, not ‘if’, according to Ruffer. But there are two flies in the Fed’s ointment that will make it ineffective for soothing conditions.
Active Super and Vision Super are now entering the home stretch of a drawn-out merger process that will create a new $29 billion fund with 170,000 member accounts.
Bigger isn’t always better when it comes to member services. Megafunds might be able to mass customise, but when you’ve got two million members it’s tough to bring the personal touch.
The Coalition’s plan to let Australians access their superannuation for a house deposit would create a “budget blackhole”, according to modelling commissioned by the Super Members Council.
Australia’s private debt space might be booming, but a large number of new and established managers are operating in an increasingly crowded space according to Causeway Financial.
Systemic risk in the superannuation system likely doesn’t stem from funds themselves, but from their service provider relationships. Regulators need to be thinking harder about where and how it arises – something they’re not necessarily well set up to do.
