Changes at Prudential Corporation Asia were popular among our readers in April, who also showed interest in China's $3 trillion mutual fund market and Australia's super fund mergers.
Australia's retirement funds are increasingly merging to gain scale and investing heft. But these consolidations offer investing challenges that need to be overcome.
Australia's superannuation industry will soon comprise four to five A$200 billion megafunds, with room for a few smaller, niche funds, experts say.
The Australian retirement fund’s CIO wants to keep all of his portfolio with external firms. He says that it has become easier to negotiate lower manager fees as some peers internalise.
The Australian pension fund is widening its alternatives exposure and assessing its approach to Chinese assets. Troy Rieck, the CIO, wants the US to open up its infrastructure market.
The Australian superannuation fund is refocusing on tilting with the help of a new overlay programme and expanding private market exposure under the direction of its new CIO.