The Age of the Titans is upon us

The Age of the Titans is upon us

There has been a lot said over the past few years about “rise of the (superannuation) titans”. ‘The Titans’1, having now well and truly risen, and with the contributing industry and regulatory conditions generally well understood, we thought it worth a discussion on...
A bright future for active ETFs

A bright future for active ETFs

We have previously cautioned managers on sprinting headfirst into the active ETF market, which is much more complex than it appears. Those complexities notwithstanding, we remain (sensibly) bullish on the future of the Australian active ETF market. It has been a tough...
The complexity of performance fees

The complexity of performance fees

Performance Based Fees: a lot more complex than you’re likely giving them credit for, and that may come back to bite you. Previously the purview of hedge funds and private equity, performance-based fees (PBFs) are an increasingly popular way for retail asset managers...
A diamond in the rough

A diamond in the rough

Global Fixed Income strategies could provide a (increasingly rare) refrain from the beleaguerment faced by institutional asset managers. We’ve said a lot about the challenges institutional managers are going to face over the next decade; margin compression, increased...
Institutional mandates face years of outflow

Institutional mandates face years of outflow

Large super funds are increasingly internalising asset management functions in a bid to cut costs. With industry consolidation quickening, most super assets will soon be managed by funds with mature internal management capabilities – this has serious ramifications for...
Growing advice risk gap for middle-class Australians

Growing advice risk gap for middle-class Australians

The growing gap between consumers’ protection needs and the risk advice industry’s capacity to meet them is the widest for advisers who service middle-class Australians. Hurdle after hurdle The Australian risk market has seen more than its fair share of hurdles in the...