105: T. Rowe Price's Jessica Sclafani
Conversations with Institutional Investors
Release Date: 10/25/2024
128: MLC Asset Management's Dan Farmer – Active Management, Private Equity, AI and the Early Days at Telstra Super
Conversations with Institutional Investors
In this episode, I'm speaking with Dan farmer, who is the Chief Investment Officer of MLC Asset Management. We talk about Dan's early days managing an internal Australian equity portfolio and getting involved with derivatives at Telstra Super, almost straight out of university. We talk about some of his mentors, including Steve Merlicek, and the influence they've had on Dan's investment philosophy. We also touch on the merger between IOOF and MLC and the new capabilities this has brought to his team. __________ Follow the Investment Innovation Institute [i3] on Explore our library of...
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127: Frontier Advisors' Kim Bowater – Consultants in a Changing Industry, AI and Gender Diversity
Conversations with Institutional Investors
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126: Professor Scott Donald – Should Trustees Use AI?
Conversations with Institutional Investors
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125: The Devolution of Neoliberalism – UTS Finance Department Roundtable
Conversations with Institutional Investors
In this special edition of the [i3] Podcast, in collaboration with the UTS Finance Department, we explore how the neoliberal model of economics, which largely ignored politics and focused on financial metrics, has eroded over time and made way for the rise of populism, which has exerted its influence on economies around the world. Why did the guardrails that neoliberalism provided slowly disappear and what are the consequences of this? Is there any model that will replace it? Political Economist Elizabeth Humphrys, Geopolitical Specialist Philipp Ivanov and UTS Industry Lecturer Rob Prugue...
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124: Fidelity's James Richards – Investing in Energy Transition Materials
Conversations with Institutional Investors
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123: Cbus' Linda Cunningham – Pricing Risk in Debt Investments, Private Credit and the Impact of Retail Investors
Conversations with Institutional Investors
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122: Fidelity's Maroun Younes and James Abela – SMIDs in a World of Large Cap Dominance, Are Things About to Change?
Conversations with Institutional Investors
In Episode 122 of the [i3] Podcast, Conversations with Institutional Investors, we speak with Maroun Younes and James Abela, co-portfolio managers of the Fidelity Global Future Leaders strategy, about the attractiveness of small and mid-cap investments, a $12 trillion market with significant growth potential. They acknowledge the recent underperformance of small caps due to market concentration in large caps, particularly in US tech, but point out that people are starting to wake up to the risks associated with those concentrations. Are we in an AI bubble, driven by these large caps? The...
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121: JANA's Mary Power – Offices Market Woes, Liquidity and Blended Approaches to Property
Conversations with Institutional Investors
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120: Stanford University's Ashby Monk - The Future of the Pension Industry
Conversations with Institutional Investors
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119: Janus Henderson's Richard Brown – Small Caps in a Concentrated World
Conversations with Institutional Investors
In this episode of the [i3] Podcast, I'm speaking with Richard Brown, who is a Client Portfolio Manager with Janus Henderson Investors. And today we are going to talk about global small caps. We look at whether small caps are affected by the increasing concentration of the equity markets, particularly in the US, where technology stocks have dominated returns in recent years. We talk about catalysts for unlocking the current small cap discount versus large caps, including the rate environment and the current business cycle. And we take a look at a few case studies of where to invest and where...
info_outlineIn episode 105 of the [i3] Institutional Investment Podcast, we speak with Jessica Sclafani, a Global Retirement Strategist with US fund manager T. Rowe Price, which manages $1.6 trillion in total assets on behalf of clients. Retirement is a more complex phase than wealth accumulation and it needs a more sophisticated approach to deliver good outcomes. Sclafani discusses a 5 dimensional approach to retirement and the tradeoffs that come with choosing a suitable approach
Overview of Podcast with Jessica Sclafani, Global Retirement Strategist, T. Rowe Price
01:00 How does one become a global retirement strategist?
04:30 The 5 dimensional retirement strategy is based on the research of Berg Cui a senior quantitative investment analyst in the Multi-Asset Division of T. Rowe Price
05:30 The 5 dimensions of retirement
07:30 To benefit from any of these attributes, you are going to have to compromise on at least one of the other four. So tradeoffs is something that we are going to talk about a lot
10:30 Traditional risk/return tradeoffs don’t work well in retirement. Here is an example.
13:00 Our research showed that out of 2500 respondents, maintaining quality of life was their top ranking concern
14:00 Longevity risk and the risk of sudden portfolio depletion are not the same thing
15:30 When investing for retirement, people are not just focusing on returns
18:00 People in the survey ranked volatility as the least important. Is that a financial literacy issue?
23:00 Guaranteed income streams are not very popular. What is your take on these products in retirement?
24:30 We tend to talk a lot about guarantees, but we don’t talk a lot about what people have to give up for that guarantee
25:00 Our research found that people are willing to give up 6 per cent of their income to go from knowing that their savings would last them until age 100 to having a guarantee for life
28:00 Does A.I. offer a solution for mass-customisation of retirement products?
To read the T. Rowe Price paper, 'A five‑dimensional framework for retirement income needs and solutions', please see here: https://www.troweprice.com/content/dam/gdx/pdfs/2024-q3/a-five-dimensional-framework-for-retirement-income-needs-and-solutions-apac.pdf
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