Justin Wood

Sub-prime mortgages, leverage and market contagion

To understand why the sub-prime crisis affected global markets it is important to understand long-short funds and leveraged strategies.
... read more »

The change in climate for investors

Increasing attention to environmental and social issues will impact on future corporate revenues, profits and investment returns. ... read more »

Life annuity demand affected by behavioural factors

One of the key risks Australians face in retirement is longevity risk; the risk they will outlive their wealth. ... read more »

The need for diversification

Something of interest to the ATO and APRA, is the trustees' attention to their fund's investment strategy.
... read more »

Tax-effective strategies - impact of turnover

This is the final of three articles on the tax effectiveness of managed funds, addressing fund turnover and capital gains taxes. ... read more »

Buying into buybacks

This is the second of three articles on the tax effectiveness of managed funds. ... read more »

Pros and Cons of paying fund distributions in cash

Break the nexus between cash distributions and taxable income

Investment returns are often quite different to the taxable income generated by an investment strategy. While the taxable income from a cash fund is relatively stable and is equal to the investment return, the taxable income from a hedged international equity strategy can be wildly different from the investment return. ... read more »

Fees and payments

What level, to whom and for what?

Everyone has their own perspective on the fees and payments made within the wealth management industry and, I suspect, the perspective differs on whether it comes from an investor, a financial adviser, a dealer group, a platform provider, an investment manager or regulator. ... read more »

Putting, pigeons and investment management

The perils of learning from unreliable feedback

I am not very good at putting. In truth, I am hopeless at putting, and so it's not surprising I should read Dave Pelz's Putting Bible, a 394-page book by Dave Pelz on putting. ... read more »

Reviewing conventional wisdom on balanced funds

multiple managers v single company

A few weeks ago I participated in a debate on the relative merits of fund of hedge funds (FOHF) versus multi-strategy hedge funds from a single provider. ... read more »

• The tax advantages of the super changes