News

New Zealand’s biggest non-government fund manager, ANZ Investments, has made a pre-Christmas senior staff clean-out with two long-time employees set to leave the $30 billion plus business early next year.

The chaos of 2022 has reset valuations to the point where they’re hard to ignore, according to J.P. Morgan Asset Management. That doesn’t mean the future of markets is any less cloudy.

“We had the courage to stick with our investment strategies,” ACS CIO Michael Block tells ISN. “Often what happens with a strategy that doesn’t work is you cut and run at the wrong time. We were lucky enough or clever enough or brave enough that that didn’t happen, and our members reaped the benefit this year.”

According to RIAA, the YFYS test “runs contrary to sound climate risk management”, and goes against both the government’s own net zero plans and APRA’s guidance on climate change risk.

Chant West’s proposed replacement for the performance test might cut through the complexity and create a fairer system for super funds, which have dramatically altered their investment strategies to avoid failing.

Link Fund Solutions CEO Paul Khoury has been shown the door following a restructure of the business.

As the Albanese Government looks to use super funds to kickstart Australian infrastructure growth, the number of obstacles arrayed against investing in affordable housing and venture capital might give them pause for thought.

Australia’s last domestically-owned custodian is winding down its operations after an on-off effort to sell the business.

When the bear market reverses, something very different might lead the way out. The adaptability and flexibility of a momentum-based approach could be a boon.

The superannuation industry is grappling with the complexity of delivering retirement solutions. Perhaps the only way to assess how well they work in the future is to start assessing them right now.

As rising inflation and rates bite into returns, institutional investors are increasingly turning to factor investing to help them weather the storm.

Vanguard is living up to its name, with the launch of its superannuation product likely heralding a new age of high intensity fee competition. Managing director Daniel Shrimski says the index giant is willing to play “the long game” to become a major player in the market.