Bronte Capital CEO John Hempton believes the ASX is a target-rich environment for short sellers, and that a potentially imminent “post-bubble environment” will bring better days for the fund. It’s been a tough few years for Bronte Capital, which – like many other hedge funds – has suffered from a period of pretty lacklustre returns…
The problems with Your Future Your Super (YFYS) run deep – among them, how super funds will manage ESG within the confines of low tracking error strategies. But it’s not the end of the road. Under the YFYS reforms, implementation manager Parametric believes tracking error will face downwards pressure as funds try to stay on…
Josh Frydenberg’s unilateral changes to proxy advice regulation look increasingly unjustifiable. The question that remains is why they were forced through in the first place. The changes, rammed through in late 2021 using regulations powers, will make it nearly impossible for the Australian Council of Superannuation Investors (ACSI) to operate with a requirement that it…
The tide is coming in for inflation – but that doesn’t mean there won’t be significant volatility along the way. Investors need to figure out which parts of the economy will catch fire first. “Views on the direction of inflation can be quite fascinating, but only ‘quite’ since no one really knows what they are…
ASIC’s investigation into potential “insider trading” at a number of superannuation funds appears to be approaching its end – but the issue seems far from settled. Accusations of “insider trading” at some of Australia’s largest super funds were first made by Liberal MP Tim Wilson, who accused unnamed executives and employees of switching from investment…
Cash is still trash for hedge fund legend Ray Dalio, who believes the world is entering a new paradigm characterized by internal and external conflict that will only intensify in the years ahead. Dalio, founder of Bridgewater Associates and one of those polymath billionaire investors who frequently turn their attention to issues beyond pure finance,…
After a hellish close to 2021 that saw the departure of one of Magellan’s largest institutional clients, the pressure will be on for Hamish Douglass to do what he says he won’t: prioritise the short-term. The closing months of 2021 were likely the harshest of Hamish Douglass’s public career. Criticisms of Magellan’s underperformance since the…
Treasurer Josh Frydenberg has sidestepped the Senate to push through controversial reforms to proxy advice, casting the future of the Australian Council of Superannuation Investors (ACSI) into doubt. The reforms were pushed through using regulations powers in late December, at a time of year when much of the financial press is winding down and after…
No amount of hard data or compelling evidence is going to stop people who want to use their super to buy a home. And super funds might have to help out after all. The idea of using superannuation for housing has a simple allure that has seen it revived several times in the thirty-odd years…
The Morrison Government wants to present a small target on superannuation at next year’s election. But Labor has big ideas for the sector that could be impossible to match. Superannuation might well be the Liberal Party’s Moby Dick. It’s a popular policy inextricably tied to Labor and the union movement, and while they can barely…
