As sharemarket volatility looms, AustralianSuper CIO Mark Delaney says investors need to understand they can’t know or control everything.
As the chief investment officer in charge of the country’s largest pot of capital, AustralianSuper veteran Mark Delaney has a lot on the line if central bank interest rate rises put an end toAustralianSuper’s Mark Delaney says investors need to accept what they don’t know.As he explains, history shows most decades bring at least one major market correction. Experienced investors know that panicking gets you nowhere.
To be clear, Delaney isn’t banking on a crash or even a correction. AusSuper is trimming its equities position to reflect the rising risk that central banks are forced to do more to contain inflation, but this is less about wholesale change and more about a tweak that reflects the fact that markets will be harder to navigate in the next 10 years than they were in the past decade.“I think it’s very dangerous to be reactive in this sort of environment.
Delaney says he was spooked about 20 years ago when Japanese equities crashed, but learnt a valuable lesson from the experience: an investor needs to accept there will be times when they lose money.What matters, he says, is to have a plan and focus not on market prices, which you have no control over, but how you are going to react to them. “Your focus of control is actually yourself and how you’re feeling and what you’re doing.”It’s also a message he’s trying to drum into his management team.
Today, there are 200 front office investment staff alone, located across five centres, including a rapidly growing London office and a new office in New York.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WA's environment watchdog failed to properly assess Woodside's $16.5b Scarborough gas development, court toldWestern Australia's environment watchdog failed to properly assess the biggest oil and gas development to be built in Australia in a decade, the WA Supreme Court has been told.
Read more »
The market that finished 2021 in first place with ‘extraordinary’ growthBrisbane has finished the year as Australia’s fastest-growing property market, with property prices continuing to rise as Sydney and Melbourne’s markets are slowing down.
Read more »
‘We need to know more’: Nearly $2bn wiped off Magellan shares as contract loss sparks alarmInvestors have wiped more than 30 per cent from the value of ASX-listed Magellan Financial Group after it lost its largest institutional investment mandate, writes CharlotteGriev1
Read more »
Why Hamish Douglass will struggle to stop Magellan’s plungeOPINION: The biggest asset of a funds management business is confidence. Right now, investor confidence in Magellan appears to be damaged.
Read more »
Palisade, First Sentier win Macarthur Wind Farm auction, sign dealAustralian investment managers Palisade Investment Partners has won the auction for a 50 per cent stake in one of Australia’s biggest renewable energy generators, Macarthur Wind Farm in Victoria.
Read more »
Religious freedom bill ‘bad for business’The Diversity Council of Australia, which brings together some of Australia’s biggest companies and faith-based organisations, says the Morrison government’s religious freedom laws are ‘bad for business’.
Read more »