Australia’s old-headed fund managers can be paper tigers – they love giving it to management teams and directors behind closed doors, yet can disappear or just leave it to someone else when it comes to important structural changes in equity capital markets.So, it is good to see a few be brave enough to weigh into the superannuation performance test debate, unperturbed by accusations of acting only in self-interest or the risk of irritating what big super clients they do have left.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Big super has distorted the ASX, brave investors start to speak out
Active investors can’t afford to be paper tigers on super’s performance test.
TL;DRAI
Australian fund managers are publicly challenging the superannuation system's distortion of ASX markets and corporate governance practices. This institutional pushback signals mounting pressure for structural reform in how retirement capital influences equity valuations and capital allocation decisions.
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