Money Management | Vol. 35 No 8 | May 27, 2021

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MAGAZINE OF CHOICE FOR AUSTRALIA’S WEALTH INDUSTRY

www.moneymanagement.com.au

Vol. 35 No 8 | May 27, 2021

12

INFOCUS

Budget super changes

26

FIXED INCOME

Greenwashing in ESG bonds

FINANCIAL ADVICE

Advising across generations

Federal Budget points to fewer staff within ASIC

Hyperion AM crowned Fund Manager of the Year 2021

BY MIKE TAYLOR

PRINT POST APPROVED PP100008686

BY JASSMYN GOH

IT has taken eight years for Hyperion Asset Management to reclaim its crown as Fund Manager of the Year. The fund manager was given the highest award at Money Management's 2021 Fund Manager of the Year awards after winning two category awards and receiving a ‘highly commended’ for another. This year, Hyperion won the Australian Large Cap Equities and the Australian Small/Mid Cap Equities categories while it received a ‘highly commended’ for the Global Equities category. Speaking to Money Management, the fund’s chief investment officer and managing director, Mark Arnold, said the team was very excited and that it was a great honour. “We are a small investment team of 13 and our values are that we are investment driven, not market driven. Our decision making is evidence based, we think long-term, and are alpha focused,” Arnold said. Its lead portfolio manager and deputy chief investment officer, Jason Orthman, said it was nice to be recognised after working hard day-to-day. He said moving to remote working during COVID-19 had been quite easy and that productivity

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FUND MANAGER

OF THE YEAR 2021 MARK ARNOLD

increased as they had a group of driven individuals. Orthman said their largest alpha capture points or outperformance tended to be during a crisis so while the pandemic caused a “real flux point in markets”, all three nominated funds performed very strongly. The portfolios, he said, were a collection of modern businesses that had a relevant product or service to the next generation. “Many of the market leaders have become really stale, are old world, and dominate the benchmarks they haven’t really innovated or invested in their businesses heavily as a general assumption,” Orthman said. “There’s a whole range of businesses that started with a blank piece of paper, often that are

AUSTRALIA’S FIRST INDEPENDENT AND WHOLE OF MARKET AWARDS

founder-led and tend to be more modern and relevant in this digital smartphone internet-enabled world. The next generation, whether it’s the millennials or Generation Z, are clearly digital natives and behave completely differently to baby boomers. “Many of these large firms have struggled to transition their business model and their products to be relevant to the next group of users. We really look for firms that are made for the times with products that are really disruptive.” Arnold said the funds were more active last year as there were more opportunities to buy high-quality business at lower prices. “We’ve added quite a few Continued on page 3

Full coverage on page 14

THE Australian Securities and Investments Commission (ASIC) has emerged as one of the few Government agencies to take a resourcing cut out of the Federal Budget. At the same time as financial advisers continue to complain about the impact of the increased ASIC funding levy, the Budget documents reveal that while the Australian Prudential Regulation Authority (APRA) is budgeted to have around 44 more staff next financial year, ASIC is budgeted to have around 218 fewer staff. Continued on page 3

Demand for financial advice jumps from younger clients BY LAURA DEW

FINANCIAL advisory group deVere has seen a 54% rise in enquiries from investors aged under-30. The 54% year-on-year jump was attributed to the risks created by the pandemic as many considered their health and future financial security. The firm said this ‘debunked’ the myth that younger people were disinterested in their finances. Nigel Green, deVere chief executive, said: “[The pandemic] has brought into all-too-real focus how things Continued on page 3

13/05/2021 11:46:32 AM


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