Editor's Choice
T. Rowe Price appoints local operations chief
T. Rowe Price, the global asset manager with over US$1.3 trillion in assets under management, has appointed a regional operating chief who will relocate to Sydney from the London office.
Vanguard backs current performance test
Vanguard has endorsed the current performance test methodology in a submission to Treasury, championing its effectiveness in eliminating underperforming investment options and improving member outcomes.
Sequoia chair steps down
The chair of Sequoia Financial Group, John Larsen, has resigned from the position and his replacement has been appointed.
Court approves $16m DASS settlement
The Federal Court has approved the settlement reached in the $16 million class action brought against Dixon Advisory & Superannuation Services (DASS) following a two-week delay.
Further Reading
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
Being both a financial adviser and a beef cattle producer I see things on both sides of the fence (pardon the pun). The reality is that ever since governments became addicted to the royalties and taxes from the resources sector they have dropped the ball on agriculture. The city/country divide prevented many voters and politicians from understanding agriculture. The Netherlands is a small, densely populated country, with more than 1,300 inhabitants per square mile. It's bereft of almost every resource long thought to be necessary for large-scale agriculture. Yet it's the globe's number two exporter of food as measured by value, second only to the United States, which has 270 times its landmass. Australia has 179 times the land mass.
Simply, the Dutch government twenty years ago made a conscious decision to prioritize agriculture and made a national commitment to sustainable agriculture under the rallying cry "Twice as much food using half as many resources." We need to ask ourselves how and why we dropped so far down the pecking order in agriculture with all the advantages that we had.
Years gone past I talked to various fund managers and superannuation fund executives about the opportunities in Australian agriculture, whilst their eyes were glazing over, European and North American Pension Funds were investing in our agriculture. In short, they understood Australian agriculture better than Australians did.