There has been some considerable debate between the use of managed accounts over managed funds in the last few years, much of which has centered on whether managed accounts are a better structure than managed funds. This debate appears to largely conclude ... Read more

The Australian Prudential Regulation Authority has recently issued guidance to superannuation trustees regarding the labelling of superannuation investment options. The guidance places a welcome emphasis on the need for funds to substantiate claims ... Read more

In this article we provide some clarity on the fundamental components of sustainability in the property industry and identify a new approach to delivering profitable sustainability. We will go over some statistics and property rating schemes and look ... Read more

The Commonwealth Government's move to establish a government-owned enterprise - which we have termed 'AussieMac' - to provide a minimum level of back-stop stability to the residential mortgage-backed securities (RMBS) market in Australia ... Read more

The Indian economy is amongst the largest emerging market economies and presents among the most attractive growth opportunities globally because so much of its growth is domestically driven. Combine this with India's large investment program and ... Read more

Commercial real estate in the US alone has a market cap of roughly $4.5 trillion. For comparison purposes, the Federal Reserve estimates the market cap of corporate stocks at just under $15 trillion and that of corporate bonds at about $9.5 trillion. ... Read more

Imagine you are offered $5 million to play Russian roulette. If you put a revolver with a bullet in one of the six available chambers to your head, there are six possible outcomes - five of which are highly favourable, and one of which is fatal. While ... Read more

The continuing volatility in all equity markets and other traditional assets means the move into alternative investments should be an easy decision. With this in mind why is it currently estimated that the allocation to alternatives stands at only 6-8 ... Read more

Pension liabilities are long-term cash flow obligations of the plan sponsor. Financial accounting and US federal funding standards require that these liabilities are to be valued based on a high-quality bond yield curve. The purpose of this paper is ... Read more

Active portfolio management is the art of balancing risk and return. The term "balance" insinuates that half of the art of portfolio construction lies in stock selection and the other half in risk management. However the majority of fund management ... Read more