A big global custodian is unlikely to swoop in and help former NAB Asset Servicing clients as they search for a new provider, but that doesn’t mean they can’t get a better outcome by taking a good look at their business.
Your Future, Your Super will likely be adjusted to allow funds to more easily invest in renewable energy and affordable housing. Whether they really want to is another matter entirely.
The Future Fund made changes affecting more than $60 billion of assets last year as it repositioned for its much vaunted new investment order, but other large investors are taking a different tack.
Tactical Global Management has merged with local quant shop Alpha Vista, expanding its product suite with an eye to winning new clients locally and globally.
It turns out not everybody wants flash new overseas offices. And while funds aren’t sweating the constraints of Your Future, Your Super when it comes to private markets, some assets are just better handled in the public ones – illiquidity premium be damned.
Last year’s savage selloff hit ESG strategies hardest, but it hasn’t hit the appetite from big institutions. Their tastes have just become more discerning, with more stringent criteria for external manager selection.
The custodian is exploring use cases for machine learning and generative artificial intelligence to give its clients help in parsing – and visualising – the vast quantities of granular data now available to them.
Super funds want to put their $300 billion of annual inflows to work in new renewable energy infrastructure. But policy settings, Your Future Your Super and intensifying competition for local assets could all have unforeseen consequences.
The newly launched Scarcity Partners wants to help take emerging asset managers to the next level. With stormy weather still forecast for markets, it’s a great time to buy.
Private credit and unlisted infrastructure are on the offshore shopping list, but some funds feel illiquid assets aren’t worth the stress (testing). And YFYS isn’t just driving asset allocation decisions – it might start influencing product development too.
