When super funds go to warBY ALEX DUNNIN | FRIDAY, 11 MAR 2022 1:35PM It seems Australian government political leaders, are beginning to understand how global capital markets really work. Yes, central banks and big business are important, but a ... Upgrade your subscription to access this article
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Cover Story
Climbing to the top
DANIEL SHRIMSKI
MANAGING DIRECTOR
VANGUARD INVESTMENTS AUSTRALIA LTD
MANAGING DIRECTOR
VANGUARD INVESTMENTS AUSTRALIA LTD
Vanguard Australia managing director Daniel Shrimski is determined to propel the investment giant's superannuation product into the top 10 funds by assets under management by 2030. It's an audacious goal, even for a fund backed by the world's second largest asset manager. Andrew McKean writes.
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Thanks Alex for your usual clarity of thought and brave insights. The political u-turn, with the Government now trying to court APRA-regulated funds, is mind-boggling. The precedent is interesting: in the new YFYS performance-benchmarked world, meeting the benchmark becomes paramount. What if divesting Russian assets had created material tracking error and jeopardised performance v this test? While Russia divestment doesn't, what if the next thing the Government recruits large funds for does? How on earth will funds reconcile these conflicting, yet both potentially existential, duties?