There’s going to be plenty of low cost of capital opportunities for super funds as Australia’s existing power infrastructure is retired and replaced with renewable energy generation – not to mention its storage.
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.
Vanguard usurped BlackRock as the biggest institutional fund manager in 2022 during a year where most firms went backwards, according to the latest Pensions & Investments global survey.
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.
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.
Having poached a number of high-profile portfolio managers, and with backing from family offices and high net worth investors, new boutique Blackwattle is trying to correct the “inadequacies” of the Australian funds management industry.
The NZ Superannuation Fund (NZS) has topped up its hedge fund exposure, handing US$100 million to trans-Atlantic global macro-strategy specialist Episteme Capital.