Fiona Trafford-Walker’s ASFA Conference presentation looks at challenges for the super sector.Download
The fall in the oil price is one of the largest asset price moves in recent times and presents opportunities for nimble investors.Download
In the latest issue of The Frontier Line we look at how rebalancing strategies create unintended risk factor exposures which cannot be captured by standard risk systems.Download
The results are in from our global governance survey completed with our GIRA partners. And, there are some interesting findings.
There are key lessons that can be learnt by institutional investors from the risk approaches at banks, fund managers and hedge funds. This issue of Frontier Line discusses the various elements of the risk management frameworks of different investors, including a mix of qualitative characteristics (e.g. risk culture, roles and responsibilities) and quantitative elements (e.g. risk methodologies, systems, portfolio risk management approach).Download
Factor investing is a topic that has garnered significant interest from institutional investors in the last few years. Despite the concept effectively having been around for many years, the recent spike in interest in factor investing has been driven by an increased focus by institutional investors on driving fees down, believing this can be achieved without compromising excess return potential.
In recent months, Frontier has observed an increasing trend among Australian institutional investors in launching (or at least discussing) strategic partnerships with their fund managers. The reasons for this are varied; but extracting intellectual property (I.P.), reducing fees and reducing the number of manager relationships; are three commonly quoted and perfectly valid reasons.
UBS recently announced it planned to retire is global suite of listed infrastructure indices from 31 March 2015. The timing for that decommissioning has now been postponed which allows investors additional time to transition to alternative sources. The new effective date for the discontinuation of the IBS Infrastructure and Utilities Indices is after the close on Friday, May 29, 2015.
Timing aside, this change has various implications for investors (and fund managers) with exposures that are currently benchmarked to a UBS listed infrastructure index.Download
Environmental, Social and Governance (ESG) issues continue to evolve in the property landscape as a distinguishing element between new and ageing assets and as a major factor driving required capital expenditure for asset owners.
At the same time owners and acquirers are facing a relatively stable period for fees associated with their property assets. However, just as there is diversity in responses to challenges of ESG concerns, we are also seeing diversity in approaches to fee structures and disclosure requirements.