•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

John Corr By Beverly Chandler, Opalesque London:

The 2011 Opalesque Australian Roundtable, sponsored by Australian Fund Monitors, (www.fundmonitors.com) saw the group discussing the power of equities on markets Down Under. John Corr, Chief Investment Officer with Aurora Funds Management www.aurorafunds.com.au and founder of Fortitude Capital www.fortitudecapital.com believes that the Australian love affair with equities is causing a problem for investors.

"The number one paradigm that affects all Australian investors is the cult around equities here in Australia. There is this belief at all levels of society that equities are going to be the prime asset class. And of course, there are 20 to 30 years of historical reasons for that like the demographic shifts through the baby boom and immigration, then we had deregulation and after that the mining boom. The situation peaked in 2005 and 2006, but not much has changed really. If a manager does not beat the market, people think you are not good enough. When you point out that your strategy is set up to outperforming when markets fall, people say we do not believe it. And when their equities have fallen, they think "oh well, it is going to recover."

Chris Gosselin of sponsor firm, Australian Fund Monitors, said: "Cracking the Australian institutional market is......................

To view our full article Click here