News

Environmental, social and governance (ESG) funds should forget fiduciary duty, dump ratings and adopt extreme exclusions in a radical revamp of the investment overlay proposed in a US academic paper.

From little things big things grow, and the $75 billion industry fund hopes the impact investment commitments it and other funds have made will expand beyond their initial targets in the same way renewables did.

The $75 billion industry fund is creating an “active, fundamental stock-picking” internal global equity capability and has lined up a former Comgest portfolio manager to oversee it.

Australian Retirement Trust (ART) is getting bigger and more complex. To make sure that doesn’t turn into a big, complex problem, the fund has found itself a new head of investment resilience and is thinking hard about what’s really driving returns in a post-Covid world.

The growing scale of the carbon credit market – and the fact that the next stage of emissions abatement isn’t going to be as simple as the last – means that more institutional attention is warranted, according to Apostle. Just watch out for the volatility.

Minimum drawdowns aren’t meant to be a default, but plenty of members use them that way. Frontier Advisors wants funds to pay them a “retirement wage” instead.

The rise of artificial intelligence is one of the most significant developments since the dawn of the internet, and Citi Securities Services is exploring use cases for it both inside and outside its business in an effort to make the work of asset servicing more efficient.

Specialist private debt manager Revolution Asset Management has boosted its ranks with a new portfolio manager hailing from Bank of America.

Fundies are getting with the internal management program but they don’t necessarily like it, according to new data from Frontier Advisors. Especially with a new army of gatekeepers arrayed before them.

Pure play equities managers bore the brunt of market turbulence and lost mandates to super fund consolidation and the Your Future Your Super performance test. But diversified and alternatives managers fare better than most.

Magellan’s ambitious plans to return to the heights it previously occupied are as shaky as ever. There’s hope that the ship might still be righted, but it won’t be David George doing it.

The $85 billion industry fund has poached its new head of infrastructure from Hostplus as it looks to double down on an ambitious new five-year investment strategy.