As the emerging markets grow more economically and financially liberal, managers are unlocking a “panoply” of opportunities outside the traditional darlings of the asset class. “We all probably wanted to be the first investor into East Germany when it opened up,” says Marshall Stocker, co-director of emerging markets at Morgan Stanley Investment Management. “We’re trying…
As Paradice’s emerging market equities strategy hits its three-year anniversary, the outlook for the asset class has never been more uncertain. But the local institutional appetite is voracious. From Covid to Common Prosperity, emerging markets have been roiled by upheaval in the last two years. And Russia’s invasion of Ukraine sent global markets into the…
Once a stalking horse for a small cabal of noisy backbenchers, “Home First, Super Second” has found its way into the Coalition’s policy arsenal ahead of an unpredictable election. It was perhaps premature to write, in late March, that the super wars were over. Scott Morrison’s announcement on Sunday that first home buyers would be…
The emissions intensity of the ASX has some investors with a home country bias looking for an exclusionary approach. But decarbonising Aussie equities isn’t as simple as ditching them. Compared to other indices, the ASX is dirty. A large number of listed companies in pollutive industries like resources and energy means its emissions intensity is…
As the super funds race towards massive size, the sector is still grappling with the positives and negatives for investments and culture. The age of the giga-fund will soon be upon us, coming right on the heels of the age of the mega-fund. But for the industry’s race towards massive size, the benefits of massive…
A survey of 50 global pension funds shows that many are losing hope of achieving their net-zero goals, and the sector is still “in the foothills” of the transition. The report, carried out by CREATE-Research and backed by DWS Group, was based on a telephone survey of 50 large pension plans based in North America,…
Investment management still trends “pale, male, and stale”. But a new mentoring program is aiming to close the female participation gap. It took the Global Financial Crisis for Ming Long AM, now the chair of AMP Capital funds management, to get the CFO role at Investa Property Group. The company had just been taken over…
As big super pursues an engagement-focused approach to sustainability, the challenge will be making its real-world impacts felt by both members and executives. Ask a dozen investment professionals what the key challenge for sustainability is and you’ll get a dozen answers: tracking error considerations borne out of Your Future, Your Super (YFYS); the need to…
With the advent of the Retirement Income Covenant (RIC), super funds can finally move forward on the decumulation phase. But they shouldn’t try to “boil the sea.” Despite the fact that a generation of superannuants are about to enter the decumulation phase, funds are still grappling with the challenge of producing a compelling retirement solution….
The founder of Hyperion Asset Management and ECP has in recent years focused his philanthropic efforts on restoring master works from ages past. “The outstanding thing about all of them is the way the colours and the details jump out at you and talk to you,” says Manny Pohl, discussing the works restored by the…
