Investors have negative outlook “fatigue” and are tired of being cautious. But a large chunk of asset price falls have been due to earnings misses, and the lagged impact of monetary policy means the risks are still out in front.
Boutique fund manager Alphinity has struck a partnership with the CSIRO to develop a new framework to assess responsible artificial intelligence practices and ESG considerations.
The collapse of a built-in bull market has put more pressure on asset managers according to a new report, which will need to make “transformational changes” to enjoy the profitability and growth of years past.
Industry super fund owned IFM Investors and ISPT are exploring a merger at the request of their shareholders amidst a challenging outlook for commercial property.
More damage is done by consensus longs than short reports that shake company valuations according to Perpetual’s Anthony Aboud, who argues that investors stuck in underperforming stocks would have preferred a second opinion when they bought it.
The last 12 months have been challenging for Australian Retirement Trust, but the amount of noise in the market has been “quite productive”. It’s also shown that when it comes to unlisted assets, price is more volatile than value.
Scale is a double-edged sword but fund managers with the right model can make it work. And while other super funds are internalising as fast as they can, Aware Super will never completely abandon outsourced management.
Martin Fahy has stepped down as CEO of the Association of Superannuation Funds of Australia (ASFA) after seven years at the helm where he played a “pivotal role” in addressing the policy and regulatory changes of the period.
AustralianSuper CIO Mark Delaney believes the fund is harder on internal teams than external managers, but says that its unlisted property experience has been “the worst of all worlds”.
Jefferson & Shea Analytics will bring a new fee benchmarking service to Australia to get super funds a better deal from their external managers. The good managers will like it – the bad ones won’t.
