Australian Retirement Trust (ART) is getting bigger and more complex. To make sure that doesn’t turn into a big, complex problem, the fund has found itself a new head of investment resilience and is thinking hard about what’s really driving returns in a post-Covid world.
The growing scale of the carbon credit market – and the fact that the next stage of emissions abatement isn’t going to be as simple as the last – means that more institutional attention is warranted, according to Apostle. Just watch out for the volatility.
If or when there’s another royal commission into financial services, the profit-to-member and industry funds will not be able to say they weren’t warned about their problems. They were warned twice on Tuesday alone.
Markets could be asked to absorb a lot more debt as central banks lighten their balance sheets. But as governments continue to issue it, nobody knows whether unwinding can be done in an orderly manner.
Minimum drawdowns aren’t meant to be a default, but plenty of members use them that way. Frontier Advisors wants funds to pay them a “retirement wage” instead.
The rise of artificial intelligence is one of the most significant developments since the dawn of the internet, and Citi Securities Services is exploring use cases for it both inside and outside its business in an effort to make the work of asset servicing more efficient.
The CIO Is still considered the shot caller, but the fundamental changes that the super system is experiencing means funds could adopt a more diffuse operational model and power will shift away from the “masters of the universe”.
Fundies are getting with the internal management program but they don’t necessarily like it, according to new data from Frontier Advisors. Especially with a new army of gatekeepers arrayed before them.
Pure play equities managers bore the brunt of market turbulence and lost mandates to super fund consolidation and the Your Future Your Super performance test. But diversified and alternatives managers fare better than most.
Magellan’s ambitious plans to return to the heights it previously occupied are as shaky as ever. There’s hope that the ship might still be righted, but it won’t be David George doing it.
