AustralianSuper has announced it will enforce manager compliance with the CFA asset manager code of conduct.
AustralianSuper has enforced the CFA code – created by the CFA Institute – believing its adoption will help drive better standards throughout the investment industry.
AustralianSuper deputy chief executive and chief investments officer Mark Delaney said, “The CFA Code’s general principles of conduct underpin the minimum standards that AustralianSuper drives within its investment agreements.
“It provides a clear and consistent ethical and professional behaviour framework across all managers in all asset classes."
The fund now requires all external managers to adopt and comply with the CFA code.
“AustralianSuper enforces the manager’s compliance with the CFA Code to put all our external managers on the same ethical standards and to drive higher and better standards throughout the investment industry,” Mr Delaney said.
CFA Society Sydney president Anthony Serhan said the code outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients.
“The Code was designed by CFA Institute to be adopted globally within the industry as a template and guidepost for investors seeking managers who adhere to sound ethical practice,” Mr Serhan said.
Unlisted infrastructure can provide strong returns, but investors are increasingly being locked out of the asset class, according to Infrast...
Fiducian has posted a net profit of $5.3 million for the half, up by 7 per cent year-on-year, with the wealth group optimistic that it will ...
BHP profits have jumped and the company will pay out a record dividend but could revise its outlook downward as global uncertainty weighs on...