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Betting on mega-caps has rarely paid off for active managers, but investors who want exposure to the US market are often forced to take on massive stock specific risk for or against the Magnificent Seven. A mega-cap mean-reversion could be a tailwind once again.

Another former NAS client has found a new home, with Citi Securities Services bringing fund manager Ausbil on board following a “rigorous tender and due diligence process”.

The $124 billion super fund is pretty proud of its direct property portfolio, which now includes 66 acres of prime development land once used to manufacture dynamite. But it doesn’t want to take on the risks that come with heading overseas.

The peak in interest rates and inflation has been supportive of markets, but there’s still plenty of turbulence ahead and investors should be wary of chasing stocks higher.

Rising interest rates and elevated stock multiples have brought down the equity risk premium and created a highly advantageous environment for value investors, according to Pzena Investment Management.

Australia’s largest super fund thinks its three million members will be better off with a single “account for life” and will soon bring a longevity risk solution to market to help them conquer fear of running out.

Hedge funds struggled again in 2023 as aggregate mediocre performance coincided with net outflows, a new report reveals, while most remain well below the global equity index over the last five years.

Even the biggest fund managers have to change with the times, and the US$750 billion Fidelity is staring down a world that’s moving beyond the traditional investment landscape in which its business was built.

A dearth of member data is “hindering progress” against the retirement income covenant and more than $145 billion of member money might be better off in guaranteed lifetime income products, according to new research.

The $85 billion industry fund has picked up a new head of stewardship with a “wealth of experience” from BlackRock as it looks to double down on its ESG goals.

The prudential regulator will undertake another review of how superannuation funds treat their unlisted assets, with a special focus on “valuation and liquidity management practices” as they come to account for larger and larger chunks of the portfolio.

The former chairman of IFM Investors and Industry Super Australia has been appointed to the Future Fund Board of Guardians as the government looks to “maximise” the role Australia’s sovereign wealth fund plays while preserving its independence.