This paper explores why trading at the London 4pm WM/Refinitiv benchmark fix (Fix) brings Australian institutional investors only the illusory benefits of maximum liquidity. Read more

FANMAG (Facebook, Amazon, Netflix, Microsoft, Apple, and Google (now trading as Alphabet)) returns have been extreme relative to their contemporaries, but not their predecessors - their performance has been in line with the average top performers throughout ... Read more

Mass consolidation is a much-studied phenomenon of the corporate sector, riding the economic boom/bust cycle-but it is a first for Australia's $3 trillion superannuation industry (see Australian Prudential Regulation Authority (APRA) Quarterly superannuation ... Read more

Child superannuation contributions strategies are often dismissed due to the very long period of time before the funds can be accessed. This paper explores if contributions can be made and whether they are worthwhile. Read more

Superannuation trustees and company directors had been keenly anticipating the outcome of the claim by Mark McVeigh against the trustee of REST Super. The case was regarded as the first opportunity globally for the courts to make a call on strategy ... Read more

A popular discussion point for investors in recent months has been what shape the post-pandemic recovery will take. Read more

All sectors of the superannuation industry agree that successful equity investing entails some short-term pain to enjoy long-term gain. Superannuation funds and investment managers who embrace an active management philosophy can feel his acutely when ... Read more

A few months is a long time in oil markets. In late February 2020, the attention of oil-industry analysts and investors was fixed firmly on the supply side of the market, with all eyes on the growing power struggle between Saudi Arabia and Russia over ... Read more

In the last few years, a growing number of investor stewardship codes have called for investors to become more active owners. Stewardship codes typically outline how investors can encourage companies to incorporate and maintain good corporate governance ... Read more

While there has been a hiatus in new deal activity in fund secondaries markets during the significant market dislocation experiences in the first quarter of this year, we look ahead to the green shoots in the secondaries market, with expectations of ... Read more