This report examines the evaluation of capacity in an investment management context, outlining the key issues and various methods of analysis. We address the following question: “how large can a fund get before it is unable to create additional value for its investors?” In doing so, we frame the discussion under the assumption that an...

Self-managed superannuation funds (SMSFs) – small retirement savings funds with four or fewer members – now manage almost one third of retirement savings in Australia, and serve over one million members. The number of SMSFs has increased to more than half a million in two decades. Yet little is known about the reasons people start...

Australian-listed fossil fuel companies are continuing to search for more unburnable carbon, with $12.69 billion spent on fossil fuel exploration by just fifteen companies since July 2012. Another $14.62 billion has been spent by just ten foreign companies on fossil fuel exploration in Australia between 2013-2015. In many cases, exploration is encouraged through executive remuneration...

This paper was released on 20 September 2016 to assist participants in preparing a submission to the public inquiry into Superannuation Alternative Default Models. It outlines a range of issues about which the Commission is seeking information. Initial submissions are due by Friday 28 October 2016. Opportunity for further comment will be sought upon release...

This publication presents illustrative general purpose annual financial statements (GPFS) for a fictitious managed investment scheme, VALUE ACCOUNTS Unit Trust, and a fictitious pooled superannuation trust, VALUE ACCOUNTS Pooled Superannuation Trust. The financial statements comply with the Corporations Act 2001 and other authoritative pronouncements on issue at 15 January 2016 that will be operative for...