Analysis

The Albanese Government has begun to explore the potential negative impacts of super fund consolidation. The question is whether a super fund can ever be too big to fail.

Blame the unicorn-hunters. Or luck. Just don’t point the finger at central bankers for the recent value-v-growth stock performance trends, according to quantitative investment legend, Cliff Asness.

A new CEO will go part of the way to convincing investors that Magellan can be turned around. But proving to those investors that they need Magellan, not an index, will be harder.

The attractive returns that private equity (PE) has enjoyed for the last few years are set to collide with skyrocketing inflation as another business cycle draws to its close.

Not-for-profit (NFP) investors are keen to jump into the private markets, but are being held back by the complexities of manager selection and concerns around cost.

“There was either delusion in that respect or they didn’t want to look or they didn’t understand. I think it caught most people by surprise. Anybody who says they saw it coming – that’s very rare.”

New research shows broad-faced hedge fund managers tend to take more risks but deliver less alpha for the effort compared to those with more elongated features.

The world’s most transparent sovereign wealth and pension funds have returned “disappointing results” as the drop in bond and stock prices finally kneecapped a decade of growth.

Until now, Japanese funds have largely been bond and cash investors. As they expand into real assets, Frontier wants to own that consulting niche.

Not-for-profit industry body Focusing Capital on the Long Term (FCLTGlobal), has refreshed its mandate guidelines for institutional investors.

Australia’s super funds have been leaders in adopting private markets investing, but they’ve still got a long way to go. Overcoming the obsession with liquidity will be one hurdle, says the boss of $900 billion private markets manager Hamilton Lane.

Performance concerns for sustainable investing have risen to the fore as the Your Future Your Super (YFYS) test shortens investment horizons. The wider return outlook is more challenged too.