News

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.

The $160 billion industry fund has found a new head for its $90 billion public equities portfolio in an alumnus of passive investing giants like Vanguard and BlackRock. It’s also pulled the trigger on promotions in the public equities team.

It’s a narrow path to a Goldilocks financial environment with steep drops on either side. Should markets tumble off the edge, big investors could cast their eyes back over macro hedge funds, long-short strategies and gold.

Biodiversity is under rising threat around the world, with potentially disastrous economic and social consequences, while water-related risks are likely to strain insurers and government budgets.