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Investment managers embracing AI: Mercer

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
... healthcare (72%), financial services and wealth management (70%), legal services (66%), banking (64%), and insurance (61%) are the next-most-cited areas of opportunity for value creation. Managers currently using AI expect the integration of its capabilities ...

Infrastructure a foundational portfolio asset class: IFM Investors

ANDREW MCKEAN  |  THURSDAY, 28 MAR 2024
... transition will arguably be "the most significant structural change" undertaken since the early industrial revolution. "Over the next three decades, over $100 trillion will need to be deployed to completely restructure our economy - much of which will ...

BlackRock's Fink signals a tough road ahead for future retirees

ANDREW MCKEAN  |  WEDNESDAY, 27 MAR 2024
... They believe my generation - the Baby Boomers - have focused on their own financial well-being to the detriment of who comes next. And in the case of retirement, they're right," he said. "Today in America, the retirement message that the government ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... Investment Management flags it will lose at least $1.4 billion as a partial redemption from institutional clients over the next month, translating to an $18 million hit to revenue. One large client told the fund manager that it intends to rebalance its ...

Platypus AM appoints new chief executive

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... watching her positively shape the business in future." Stevanovic said she was excited by the prospect of leading Platypus' next phase of growth. "I am delighted to have been given this opportunity. Platypus' strong performance track record, its talented ...

Australia's wealthiest women not getting the advice they need

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... individuals finding it hard to access these asset classes." Women are also poised to take charge of $3.2 trillion in the next decade as Australia faces the greatest wealth transfer in its history. Not only will Baby Boomer families pass on money, but ...

Deloitte eyes more mergers and product innovation

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
... Superannuation funds will be focused on ongoing merger activity and strengthening retirement strategies and product solutions in the next few years, according to Deloitte's Dynamics of the Australian Superannuation System report. The report forecasted ...

Funds SA asset allocation head to depart

ELIZABETH FRY  |  FRIDAY, 22 MAR 2024
Funds SA, the $42 billion public sector investment manager, has confirmed its asset allocation lead will leave the fund next month and take a short career break. Brendan Hallett said he wants to return to the east coast and and look for opportunities ...

Australian Ethical eyes small caps as play for advisers

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
... sectors tied to global megatrends like healthcare and climate solutions, are poised to deliver a performance premium over the next 12 months. Notably, the fund's current top picks, especially in the tech sector, include Gentrack, Bravura Solutions, Mach7 ...

Chalmers expected to deliver Budget surplus

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... identified $49.6 billion in savings, leading to a cumulative improvement of $211.4 billion in the underlying cash balance over the next five years. The economy is expected to expand by only 1.75% in 2023-24, before regaining momentum in 2024-25 as improving ...