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.
Institutional investors feel ready for anything markets might throw at them, according to a new report from Mercer. But while they still want to manage money themselves, a lot of them don’t know if they’re any good at it.
The question of how much private market assets are really worth has more answers than ever with the growing popularity of evergreen funds. But the drive for more and more frequent valuations has to end somewhere. Right?
First Super inhabits a world of giants, but it’s not considering a merger and it’s not sweating its size. That doesn’t mean it’s not “chronically anxious” about performance and costs.
Global biodiversity loss represents a systemic risk for financial markets, and Australia – and its super funds – should be “global champions” for biodiversity efforts, according to Federated Hermes.
As super funds internalise more and more of their investment management, they’re taking on more and more risk. Many of them still lack a plan to deal with it.
The way super funds make money for their members is going to have to change, according to Colonial First State chief investment officer Jonathan Armitage. But retail funds might prove to have a natural advantage as the whole system shifts into a new gear.
