In-house asset management in the Australian superannuation industry

David R. Gallagher, Timothy M. Gapes, Geoffrey J. Warren

Research output: Contribution to journalArticle

Abstract

We examine how executives from the Australian superannuation industry perceive and approach the choice between managing assets in-house, versus outsourcing to external investment managers. We find that decision frameworks, as well as the perceived benefits and challenges of in-house management, can be described in terms of four elements: costs, capabilities, alignment and governance. Industry participants address these four elements in diverse ways. This is reflected in a variety of decision approaches, aspects that are considered and emphasised in decision-making, and implementation structures.

Original languageEnglish
Pages (from-to)615-655
Number of pages41
JournalAccounting and Finance
Volume59
Issue numberS1
Early online date8 Feb 2017
DOIs
Publication statusPublished - Apr 2019

Keywords

  • Governance
  • In-sourcing versus outsourcing
  • Portfolio construction
  • Superannuation funds

Fingerprint Dive into the research topics of 'In-house asset management in the Australian superannuation industry'. Together they form a unique fingerprint.

Cite this