The last 12 months have been challenging for Australian Retirement Trust, but the amount of noise in the market has been “quite productive”. It’s also shown that when it comes to unlisted assets, price is more volatile than value.
Competition in super is heating up but it’s not yet come to the boil. Mergers, member retention and retirement are all shaping up as key battlegrounds for funds.
It’s not so much the scale as the speed of Australian Retirement Trust’s growth that makes investing tough. A big allocation today might be a tiny slice of the pie tomorrow.
If you’re not gaining market share in a rapidly consolidating industry, you’re losing it. One of ART’s smallest proposed mergers offers big opportunities for national growth.
ART has recruited HESTA’s investment committee chair as his term ends and the former deputy governor of the RBA.
Strategic alignment on growth and data capabilities made State Street a good fit for Australian Retirement Trust’s custody needs. Hard-earned experience with mergers helped too.
Pension funds are increasingly turning to active management to generate returns in a hostile environment. But as they seek to become true global investors, super funds face a different set of tradeoffs.
“Talent incubator” Future IM/Pact has partnered with four of Australia’s biggest super funds to help women into frontline investment roles. Investment internalisation is driving some of the interest.
Australian Retirement Trust (ART) and QIC are continuing the trend of big funds investing in affordable housing, working in conjunction with community housing provider Brisbane Housing Company.
Super fund members have been “spared the worst”, while the outperformance of the top ten funds was generated by active management and chunky allocations to private markets.