Nick Callil and Dante De Gori: Over the policy horizon

The Productivity Commission has started the journey to understanding how the superannuation system can deliver sustainable retirement incomes. This session looks at how to deliver clear objectives that cater to diverse circumstances of retirees, especially as the economy and financial markets experience extreme strain. The session considers the immediate challenges with unemployment, early access to super and the advice gap as anxieties mount.

Speakers: Nick Callil, head of retirement solutions, Australia, Willis Towers Watson and Dante De Gori, chief executive, Financial Planning Association

Moderator: Matt Smith, director of retail content, Conexus Financial 

Length: 42 mins

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Michael Pettis on China’s overinvestment paradox, and the Japan-style reckoning still to come

Michael Pettis on China’s overinvestment paradox, and the Japan-style reckoning still to come

China's advanced infrastructure and ballooning debt are two sides of the same story, says Carnegie Endowment nonresident senior fellow Michael Pettis, who compares China's coming consumption-led rebalancing to Japan's in the 1980s. In conversation with Top1000funds.com Asia Pacific correspondent Darcy Song, Pettis unpacks what this means for institutional investors weighing China exposure over multi-decade horizons, and why he remains bearish on the country's outlook.

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China’s SSF – defence making way for attack with investments

China is the world’s biggest new frontier since wild-west America in the mid 19th century. For instance, it controls four of the top 10 sovereign wealth funds by size, as just one of many examples of its nascent power. And China is changing, becoming much more of a global corporate citizen and less of the

How to value the great southern timberlands

The Australian and New Zealand timberland markets are opening up in a big way. And because the investment environment for the assets in these countries is much less efficient than in the US, there are opportunities to buy good assets cheaply. But Eugene Snyman of Cambridge Associates says managers with a local presence will drive

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The Ethical Council, a collaboration between the Swedish funds AP1-4, concluded dialogues with four companies in 2009 after achieving its ethical objectives, but unsuccessful dialogue with Elbit Systems has resulted in the funds excluding the company from their portfolios effective immediately. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

CalPERS expands engagement

CalPERS plans to send a written request to up to 58 of its largest domestic company investments to adopt a majority voting standard in uncontested director elections, following an increase in the number of shareowner proposals that staff have been delegated to submit at CalPERS portfolio companies. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3

The ABCs of Hedge Funds: Alpha, Beta and Costs

This hot-off-the-press revised version (March 30) of The ABCs of Hedge Funds, which decomposes returns into three components – systematic market exposure (beta), value-added by hedge funds (alpha), and hedge fund fees (costs) –  includes data up to the end of December 2009. Among other things it finds the universe of hedge funds produced a

Decision making in the pension fund board room

This research examines the extent to which decision-making by pension fund trustees is affected by behavioural biases, by using a vignette-method field experiment among Dutch trustees. It finds that trustees display choices that accord with the phenomenon of loss aversion and allow their choices to be affected by the forces of social comparison: the reserve

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