The New Zealand Superannuation Fund “stands out among global peers”, according to WTW, but should consider its approach to systemic risk and greater insourcing of its private markets investments, as well as establishing an overseas presence to improve access to deals and talent.
State Street’s big Challenger win will no doubt look good on the ACSA tables, but an influx of expertise will also boost its Alpha-focussed business strategy in the land down under.
The sharp fall in markets in August was a sign of things to come, according to Ruffer, but one that investors haven’t heeded, with positioning and sentiment becoming even more extreme.
Donald Trump’s possible return to the White House would undoubtedly set back sustainability efforts, but the bigger problem is that his view of geopolitics is “one that anybody who runs capital wouldn’t want him to have”, according to Anthony Scaramucci.
Family offices are set to manage more than $5.4 trillion come 2030 – but how (and where) they manage it will change, with more and more “becoming institutionalised”, adopting independent governance structures and heading overseas.
Strong performance in the Future Fund’s hedge fund portfolio helped with some of the heavy lifting on its return this year, while it continues to eye “higher and more volatile inflation” and the opportunities to generate excess returns in Japan.
The Your Future, Your Super performance test is now redundant. The superannuation industry, and its regulators and policymakers, must figure out what comes next.
Australian small cap managers are some of the most successful active managers in the world – and charge like it. But their apparently anomalous outcomes might have a relatively simple explanation, according to Invesco.
With its investment in euNetworks, Aware Super gets access to a long haul fibre network spanning 50,000 kilometres and 17 countries – as well as evidence that its international push is paying off.
Illiquidity isn’t without its tradeoffs in a more volatile investment order, according to Future Fund CIO Ben Samild, and neither is the total portfolio approach that’s made Australia’s sovereign wealth fund so successful in it.
