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Showing 11 - 20 of 66 results for "illiquid assets"

UK regulator flags big redress bill likely for Link

JAMIE WILLIAMSON  |  WEDNESDAY, 14 SEP 2022
... frozen as a result of liquidity issues. The liquidity issues stemmed from the fund having been invested largely in illiquid assets and investors rushing to withdraw their money when this was discovered. Link made the decision to wind up the fund in October ...

Maritime Super criticises unfair YFYS test

JAMIE WILLIAMSON  |  MONDAY, 30 AUG 2021
... us that we had to be very conscious of liquidity management," he explains. Rather than investing in long-term illiquid assets to the same extent that the fund had, it switched to a hedging strategy to reduce exposure to equities in down markets. "Unfortunately ...

Funds valued illiquid asset correctly: ASIC

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
Corporate regulator ASIC stopped just short of praising fund managers on how they handled valuing illiquid assets at the height of COVID-19. ASIC found that the responsible entities of the funds were responsive to the increased valuation risks during ...

UK pension funds pushed to merge

JAMIE WILLIAMSON  |  MONDAY, 28 JUN 2021
... "Further consolidation will drive better outcomes for members through better governance and greater investment in illiquid assets." Opperman has called for evidence on the barriers and opportunities for greater consolidation of funds with between £100 ...

AustralianSuper ratings slide at Morningstar

KANIKA SOOD  |  FRIDAY, 23 OCT 2020
... turnover in internal investment teams (with investors leaving for other superannuation funds or investment managers), illiquid assets and capacity in Australian equities. "Our enhanced ratings approach emphasises benchmark-relative performance, and we ...

ASIC puts investment managers on notice over valuations

ANNABELLE DICKSON  |  TUESDAY, 11 AUG 2020
... during the pandemic. ASIC's Interim Corporate Plan 2020/21 is reminding entities to ensure that the valuations of illiquid assets are regular and reasonably current. The regulator said it is aware that valuations of illiquid assets have been challenging ...

ING rejigs super offering, closes balanced option

KANIKA SOOD  |  THURSDAY, 28 MAY 2020
... options at superannuation funds have copped advisers' ire in recent months, questioning their high allocations to illiquid assets, low cash and fixed income holdings and high exposure to growth assets. ING Living Super has $2.88 billion in total assets ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... "But given the particular challenges now facing the industry funds - in particular resulting from allocations to illiquid assets and the expected increase in benefit payments under the early release scheme - we now predict that SMSFs will again move ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... super sector that funds have ample liquidity to meet early release applications, Wilson will question ISA on the illiquid assets held by funds. "Members' equity should be paramount, and concerns about liquidity also need to be answered," Wilson said. ...

ASIC delivers thinly veiled warning

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... Authority (APRA)," the regulator said. "Some are also backed by concentrated portfolios of higher risk unlisted and illiquid assets." Low interest rates and market volatility may be driving consumers to seek such alternatives, ASIC fears. The regulator ...