Financial Standard Comments - Investment head concerned by super approach Super fund boards must not resort to short-term performance metrics and continue to respect their position as asset stewards, not asset owners, said a global investment management consultant. https://www.financialstandard.com.au/feed/latest?story=12100556 Tue, 12 Jul 2011 16:24:01 +1000 Tue, 12 Jul 2011 16:24:01 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Chris Condon () Tim's comments are spot on. Agency risk is rife in our industry. Almost all interactions in the industry are between intermediary and intermediary, and tend to obsess with agency risk management (often implicitly). We should spend more time focussing on the fact that we are agents acting on behalf of individuals who are deferring consumption for several decades, and in need of allocating their capital as efficiently as possible. Artefacts such as league tables, tracking error, irrelevant index benchmarks, narrow cost measures and peer asset allocation hugging should be put into their proper perspective. Let's bring this conversation to the fore. Thank you Tim for your contribution.
Chris Condon

Reply to article

For original story, Click Here.

]]> Chris Condon () Tue, 12 Jul 2011 16:24:01 +1000