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New faces to lead financial services policy reform

LAURA MILLAN  |  MONDAY, 21 SEP 2015
Prime Minister Malcolm Turnbull's Cabinet reshuffle brings new faces and a new structure to the government's top economy, finance and business ministries. Social Services Minister Scott Morrison was appointed Treasurer, while Finance Minister Mathias ...

Room to move on super investment fees

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... Rice Warner chief executive, Michael Rice, believes there is room for passive investment as shown by QSuper who "have a very big, core, passive portfolio." Rice said a case where active management can be problematic is lifecycle funds. "They [lifecycle ...

TWU Super appoints chief executive for third gig

DARREN SNYDER  |  THURSDAY, 17 SEP 2015
TWU Super consultant Bill McMillin will take the reins as chief executive for the second time in three years, also marking his third stint in the top role. TWU Super chair David Galbally announced yesterday that McMillin will return to the role in a ...

Dow Jones Sustainability Indices hails ESG leaders

ALEX BURKE  |  TUESDAY, 15 SEP 2015
The Dow Jones Sustainability Indices, offered jointly by RobecoSAM and S&P Dow Jones Indices, has released its 2015 review. The equity indices are limited to companies that pass RobecoSAM's environmental, social and governance (ESG) evaluations, collectively ...

Super becoming the fifth estate

ALEX DUNNIN  |  MONDAY, 14 SEP 2015
... services, also putting their feet in their mouth with unfathomable comments in the financial business media such as, "To make a big public announcement it may be this is part of the marketing budget of the particular fund". The most disappointing aspect ...

University investment portfolio includes tobacco and beer

DARREN SNYDER  |  THURSDAY, 10 SEP 2015
... (2.07%) followed by Nestle (1.79%). Alcohol company Diageo is 12th at 1.29%. Among the top six Australian shareholdings are the big four banks, Telstra and BHP Billiton. In June, Insync Funds Management chief investment officer Monik Kotecha advocated ...

Asset management modeling low-cost airlines

DARREN SNYDER  |  THURSDAY, 10 SEP 2015
... purchase of Future Advisor, were potentially examples of "if you can't beat them, join them". "We know there's going to be a big concentration in the industry. Larger players are getting a bigger share of the asset flows at the moment. Cost pressures ...

Private equity shift keeping investors busy

DARREN SNYDER  |  WEDNESDAY, 9 SEP 2015
... obviously private equity has got a large beta to that. "You don't measure that on a month-to-month basis but if there is a big drawdown that's when you see that beta there." Five years ago QSuper was ready to undo its ties with private equity because ...

Yuan stable (for now)

BENJAMIN ONG  |  TUESDAY, 8 SEP 2015
News that China has revised its 2014 growth estimate from 7.4% -- the lowest in almost 25 years and missing its 7.5% target for that year - to 7.3% may have raised only a few eyebrows but it certainly added fuel to accusations that the People's Bank ...

Australian hedge funds on course to reach $100bn

STAFF WRITER  |  MONDAY, 7 SEP 2015
... Key topics to be discussed at the 2015 AIMA Australia Hedge Fund Forum are the rise and implications of alternative beta and big data, the future of hedge fund research, the prospects for alpha generation and the outlook for CTAs.