POWERED BY MOMENTUM MEDIA
Eagle eyes in-housing
Eagle Investment Systems are working with superannuation funds that are enhancing their in-house investment capabilities, as reported by Super Review that two-thirds of Australian super funds are expecting to bring asset management options in-house over the next 10 years.
Eagle's Europe, the Middle East and Africa, and Asia-Pacific head, Marc Rubenfeld, attributed the desire to reduce costs and deliver returns as a key reason behind what is becoming a developing trend.
He also said that consolidation in the superannuation market has had a part to play, with the average fund size being driven higher.
Rubenfeld said he was confident the trend will continue, with many smaller superannuation funds likely being subsumed over the coming years.
In addition to trimming costs, Eagle found that by bringing investment management in-house, funds are looking to get closer to their assets, giving them greater flexibility and autonomy for managing assets effectively.
Eagle said the four key technological barriers to in-house management were:
- Ability to measure risk and performance across complex investment portfolios and different asset classes;
- Flexibility to accommodate future regulatory changes as well as new investment trends and asset classes;
- How to manage technology: in-house, outsource, or a co-source approach; and
- Ensuring that your technology can support future growth and will be fully supported in the long term.
Rubenfeld said that a replacement of the legacy system or development of new technological infrastructure could be a necessity, with the selection of experienced technology vendors as the first step.
Recommended for you
In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities.
The mega fund has announced a $2.2 billion investment in a leading data centre platform, bringing its global real assets portfolio to nearly $60 billion.
In this latest edition, Australian Retirement Trust’s head of global real assets Michael Weaver explains the fund’s approach to finding new opportunities as it surpasses $300 billion in funds under management.
Fund managers remain hopeful for a Chinese revival story despite the “disappointing” stimulus package announced this week.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
