Cap market efficiency plummetsBY ALEX DUNNIN | WEDNESDAY, 20 AUG 2014 12:30PMReinforcing why the government initiated the Financial System Inquiry, economic research by Industry Super Australia has revealed that the financial services sector is becoming less efficient at raising capital. Related News |
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Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.







So if super funds had invested in the Sydney cross city tunnel, Lane Cove tunnel, Clem7, BrisConnections, Macquarie Airports, Macquarie Infrastructure Group, it would have increased productivity and growth....really? It would have burned a whole lot of super funds as opposed to retail mum & dad investors.
Super funds will invest in an asset if the mathematics and risk/return dynamics stack up...that is what trustees are entrusted to do....no more, no less. It doesn't matter whether the asset is commodities, ag, precious metals, land or bonds. No different to any other type of investor. Anything else and member's retirement nest eggs are being compromised...are they not?