Financial Standard Comments - Internalisation has gone the full circle say CIOs Superannuation funds are being further driven to internalise their operations as pressure continues in an environment working towards reducing member fees. https://www.financialstandard.com.au/feed/latest?story=50462871 Fri, 05 Jun 2015 16:10:30 +1000 Fri, 05 Jun 2015 16:10:30 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Peter Urbani (KnowRisk Consulting) Cost containment is indeed a moral imperative for all funds. However, the greatest problem I see with internalisation is that employing people from the same local and limited talent pool leads to very heterogeneous ways of thinking which will ultimately negatively impact portfolio diversification. Concentration risk is already a major- and widely overlooked-, including by the regulators, problem for scale managers.

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]]> Peter Urbani (KnowRisk Consulting) Fri, 05 Jun 2015 16:10:30 +1000