HostPlus

“When it comes to super, all the evidence points to the more you pay, the less you get. There’s lots of reasons for that, the most fundamental of which is that active management really struggles to outperform the market.”

Super fund data companies are rushing to beat deadlines for June 30 figures, with heightened interest from industry participants and members. The median balanced fund was minus 3.3 per cent, SuperRatings said.

While big super is all in on its newly-acquired nation building goals, a hint of caution about member outcomes pervaded last week’s AIST Superannuation Investment conference.

Some within the sector believe the super wars are over and that industry funds have emerged victorious. But they shouldn’t take their primacy, or the change in government, for granted.

Hostplus is navigating the current market upheaval – and a murky future – by pumping more money into unlisted assets. But despite a gloomy outlook, the “innovation genie” isn’t going anywhere.

Life isn’t always easy at the small end of town, but the $5 billion legalsuper is kicking against APRA’s orthodoxy that bigger is nearly always better.

UniSuper’s decision to dip its toe into venture capital is all about members. The question is whether the fund will go further down a road that few others have tread.  It’s an investment that would barely move the dial on overall returns, but the $75 million that UniSuper has tipped into early-stage commercialisation manager Uniseed…

The two funds have now committed to exploring a proper merger after announcing a pooled superannuation trust (PST) arrangement in 2021 that drew the ire of members of the Morrison Government. Hostplus and Maritime Super have signed a memorandum of understanding and will commence joint due diligence with an intention to merge in 2023, with…

Despite their surging popularity, risks lurk within illiquid assets that put member outcomes and portfolio quality at risk – and there’s little regulation for handling them. Illiquid assets – anything from infrastructure and commercial property to venture capital and private equity – are experiencing a surge in popularity as institutional investors face down a future…

Fund managers are subject to behavioural biases like all of us, such as over-confidence, short-termism and memory distortions. Take their predictive abilities. They are not, on average, especially good. In a unique report for clients, Frontier has published what amounts to a longitudinal study based on eight years of conversations, surveys and other communications with…