Global pension assets fell sharply in 2022, but the “global polycrisis” that caused the chaos is unlikely to be a one-off, according to the Thinking Ahead Institute.
Rest has brought on former Colonial First State executive director for investments Scott Tully and Spirit Super’s Paul Docherty to get a “fresh set of eyes” on its investment options.
The market view is still too optimistic, according to the BlackRock Investment Institute, and investors aren’t truly considering the risk of a recession.
Inflation-linked income and capital protection are the top reasons for institutional interest in real assets, while APAC and European institutions are leading the way on ESG.
It was non-traditional diversification that saved the top performing super funds in the “torrid” year of 2022, with Chant West’s top 10 funds mostly pursuing larger allocations to infrastructure and private equity.
Macquarie Asset Management, PGGM Infrastructure Fund and Australian Retirement Trust (ART) have tipped US$600 million into Macquarie AirFinance’s US$2.2 billion acquisition of an aircraft portfolio from ALAFC0.
The rush to decarbonize the economy and the ASX risks leaving workers and communities behind, and investors exposed to “significant losses” and greater social support costs.
Link Fund Solutions CEO Paul Khoury has been shown the door following a restructure of the business.
Rising demand for global small- and mid-caps has seen Bell Asset Management awarded a $500 million mandate from Hostplus.
While Australia’s superannuation system is the envy of most of the world, it still needs to move from helping people accumulate money to helping them spend it.
