Riding the equity market rally and significant diversification in its alternatives portfolio has delivered Australian Retirement Trust a 10 per cent return as it keeps both eyes on the end of the rate cycle.
The $72 billion fund has dumped Link Group and partnered with upstart administration services provider Grow Inc. as it navigates a “rapidly changing technology landscape”.
Big funds can be cheaper and drive hard bargains in the private markets – but it’s easier to see them coming and harder for them to get money where it needs to go.
Super funds and other institutional investors are deeply unsatisfied with the nature of private markets fees, but cost-additive pressures are emerging across all asset classes when fees should be falling.
UniSuper’s pioneers of internalisation have set up their own firm providing investment management and advisory services to superannuation funds as competition picks up and the need for a helping hand grows.
AustralianSuper’s appointment of a new deputy CIO with the lion’s share of responsibility for its overseas investments demonstrates the growing importance of international diversification for the country’s biggest funds.
Australia’s sovereign wealth fund and New Zealand Super have topped this year’s Global SWF governance, sustainability and resilience rankings, while institutions the world over are rethinking their investment strategies amidst market ructions.
While making it through recent market events is an “accomplishment”, asset managers need to shake things up in order to survive. They’re doubling down on what worked in the past instead.
Even with the market-shaking events of 2022 mostly in the rearview and most of the valuation pressure now played out, equities won’t be moving much higher unless something big changes.
The $70 billion super fund has appointed WTW as asset consultant to its board and board investment committee as it internalises a substantial chunk of its funds under management.
