We’re going to hear a lot this week about how Australia’s big superannuation funds manage their customers’ money.
The truth is that despite all the talk of hiring stock pickers and traders, new offshore offices and building internal real estate and infrastructure teams, the vast majority of Australia’s $3.9 trillion retirement savings pile is managed by third-party asset managers.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
