An Examination of Strategic Investment Arrangements for Institutional Investors: The Case for Centralised Portfolio Management

这个项目的目的是考察澳大利亚养老金基金在多大程度上能够提高其整体回报，实现投资目标，并将产生的运营成本降至最低。这将通过审查养老金基金集中投资组合管理的好处，以及考虑如何在整个基金结构中利用积极管理和指数管理来实现。我们将展示超级基金目前采用的投资组合配置系统存在的问题，并找出更优化的投资安排可以显著提高整体投资组合回报和减少支出的领域。

The aim of this project is to examine the extent to which Australian superannuation funds are able to enhance their overall returns, achieve investment objectives, and minimise operating costs incurred. This will be achieved by examining the benefits of centralised portfolio management for superannuation funds, and consideration of how active and index management can be utilised within the overall fund structure. We will show the problems associated with the current portfolio configuration system adopted by super funds, and to identify areas where more optimal investment arrangements can significantly improve overall portfolio returns and reduce expenses.