Director of Research & After-Tax Solutions, Parametric™ Australasia
Raewyn Williams leads Parametric’s Australian Research efforts, working with Parametric’s Global Research and Product teams. She sets the Australian research agenda and ensures that Parametric1 Australia maintains a position of intellectual leadership in after-tax investing and implementation efficiency. Raewyn is a member of the Tax Institute Superannuation Committee. Raewyn is not affiliated with S&P Dow Jones Indices or any of its affiliates. Opinions and statements offered by Raewyn are her own or that of Parametric and may not necessarily represent the views of S&P Dow Jones Indices or any of its affiliates.
Jan 14, 2016
Raewyn WilliamsDirector of Research & After-Tax SolutionsParametric™ Australasia
Part 1 of this article looked at the ways in which superannuation funds and other institutional investors build “multi-manager” equity portfolio structures in an attempt to spread the benefits of diversification within, and not just across, asset classes. We noted that, astonishingly, the performance track records of managers are typically compared only on a pre-tax…
For large superannuation funds and other investors with institutional-sized portfolios, a common practice is to spread the allocation to a particular asset class among a number of managers within a “multi-manager” structure. This provides the benefits of diversification not only across asset classes, but also within key allocations like Australian and global equities. The aim…