Coping with the sub-prime
If one factor will influence discussion at CMSF 2008 it will be the sub-prime crisis and how this has impacted investment returns.
Little wonder, then, that a workshop session has been dedicated to examining how superannuation funds should handle the fallout from falling investment returns and their members’ reactions.
The workshop, ‘Goodbye to Double Digit Returns? Managing Member Expectations’, will be addressed by the chief investment officer of First State Super, Mark Sainsbury, and the head of investment strategy and chief economist at AMP Capital Investors, Shane Oliver.
The two men will discuss the manner in which the sub-prime fallout is impacting investor confidence in circumstances where some media reports on world investment markets indicate a backdrop of deteriorating fundamentals, including a diminished outlook for consumer spending and global growth.
The conference program said many institutional investors believe the risks to the underlying economy are much greater than before and that a reduction in allocations to risky assets is necessary.
It said the session would provide an overview of market expectations and discussion on how super funds should manage member expectations of a continued bull market and double digit returns.
AUTHOR
Mike Taylor
Recommended for you
In this new episode of The Manager Mix, host Laura Dew speaks to Nick Paul, institutional portfolio manager at MFS Investment Management to delve into everything small and mid-cap equities.
In this episode of Relative Return, host Laura Dew chats with Kellie Wood, head of fixed income and deputy head of fixed income and multi-asset at Schroders Australia, to discuss why fixed income is returning to favour after a 12-year wait.
In this episode of Relative Return, host Laura Dew speaks with Michael Hunstad, deputy chief investment officer and chief investment officer of global equities at Northern Trust Asset Management, to debunk myths around index investing.
In this episode of Relative Return, host Maja Garaca Djurdjevic chats with Robin Tsui, APAC gold strategist at State Street Global Advisors, to discuss gold’s role as a diversifier in portfolios.
