As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.
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Aussie pension funds to get rated; Japan Post Insurance shifts approach to sustainable investing; CEO of Philippines' SSS resigns; GIC voices concerns about market environment; and more.
The sovereign wealth fund plans to utilise its global sourcing network to access private equity and other illiquid assets to boost returns within a conservative risk framework.
A culture of opaqueness and underperformance prompts a government-led inquiry to recommend a radical overhaul of superannuation.
The Australian sovereign wealth fund made the changes to secure its assets over the next 10 years and beyond, since its mandate has been extended to at least 2026.
Although still wary of excessive risk, the Australian sovereign fund remains focused on the long term and continues to look for opportunities in private markets.
Value is hard to find, inflation is set to rear its head and quantitative easing is tapering. That combination has led Australian asset owners to expect only moderate returns for 2018.
Changes include increasing the allocation to global equities from 70% to 75%, of which 65% is to be targeted at developed markets and 10% to emerging markets.
Private equity has seen the most change and it has become very common for asset owners to integrate ESG factors into their selection process, says NZ Super's Anne-Maree O'Connor
The superannuation fund's CEO, Adrian Orr, reaffirms its philosophy of long-term investing after media criticism of losses it suffered in a loan investment to a failed Portuguese bank.