In Defence of Life-cycle Strategies
Australian Catholic Super CIO Michael Block addresses some of the criticism of lifecycle strategies and argues that we should take a closer look at the concept behind it. “To always place a member who is 20 years old with a 60-year old member in the same strategy is clearly ridiculous,” he says.
Real Estate Profile – Cbus Property
As the search for yield has driven up prices of commercial properties, many pension funds are scrambling around to find investments with decent risk/return characteristics. It is a problem that Cbus hasn’t had to deal with, largely because it owns a fully-fledged property developer in Cbus Property that has a healthy pipeline of projects. Florence Chong speaks with Cbus Super’s Grant Harrison about risk management, ESG and external managers.
Funds SA Consolidates After Rapid Growth
Funds SA has grown rapidly in recent years and now stands at over $30 billion in assets. CEO Jo Townsend speaks to [i3] Insights about the next phase of growth, whether insourcing is on the cards and what it means to be an Adelaide-based investment organisation.
Asset Allocation is Key at VicSuper
VicSuper CIO Andrew Howard has positioned the fund’s portfolio to deal with low growth and higher volatility. “I’ll happily accept a lower return than what we might have received from real assets over the last 10 years to ensure we have enough ballast in our portfolio to deliver a smoother pattern of returns.”