Kristian Fok, Chief Investment Officer of Australian superannuation fund CBUS, explains the rationale for bringing risk management and data platforms in-house rather than relying on consultants.
0:00 / 0:22exact quote · 22.7s
720p mp4 · rendered on demand · StarZero watermark
“We introduced MSCI Barrow as a risk system that we Incrementally added new data information platforms. We sort of argue that on the basis that it gives us better insights around our own portfolio, which gives us a greater capacity to make informed decisions, far more than could be done from an asset consultant who doesn't have that information.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Kristian Fok
Opinion
Kristian Fok: Only a tiny handful of hedge funds justify their fees
“The fees are so high relative to the returns. You know, I do feel that there's only a very small handful. I believe that really earn those. It's very easy for everyone else to come up and have the same fee scale and not really deliver that value.”
Fok: Internal management breakeven versus external fund managers is $400M to $500M
“Because no matter what, particularly if it's market driven, you pay them more, right? In our case, we have a relatively fixed cost, and if we double the mandate, then we're not paying that much more. So for us, you know, breakeven relative to a fund manager wa…”
CBUS plans concentrated direct stakes and corporate debt financing in Australian equities
“So one of our strategies that we're likely to introduce this year is to actually take more concentrated individual positions in some Australian listed companies with a view to not only just have those positions as an equity holder, but to look at whether we ca…”
Fok: The asset management industry sustains an astounding 40% profit margin
“I think the industry itself, I mean, it just astounds me that asset management industry can make 40% margin on their revenue. I mean, there's not many industries that sustain that.”
CBUS operates an in-house, end-to-end property development company
“So we, I think, fairly unique, certainly in Australia, and probably globally, where we have a dedicated property development company that purchases land, gets the design of a building, gets all the pre-lease tenants, builds a building, and then we hold it.”
This entire site, over 700 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.