Legal Considerations for Superannuation Investors When Investing in Complex Financial Products

29 Pages Posted: 1 Oct 2015

See all articles by Paul Ali

Paul Ali

University of Melbourne - Law School

Jesse Jager

Independent

Ian Ramsay

Melbourne Law School - University of Melbourne

Date Written: July 1, 2015

Abstract

Institutional investment in Australia is both highly innovative and complex. The regulatory focus – and associated literature – on institutional investment has been on the sell-side. Considerably less attention has been paid to the buy-side, that is to the institutional investors themselves. This research report outlines the structure of Australian superannuation funds and discusses the governance aspects of superannuation fund trustees relevant to investment decision-making. The report also examines the superannuation fund trustee’s investment responsibilities in the context of investment in complex financial products. We have chosen to focus on synthetic CDOs. This research report is the first study in Australia of the governance of institutional investors when investing in synthetic CDOs. We have also created a practical check-list of the key aspects of synthetic CDOs that superannuation fund trustees should understand before investing in synthetic CDOs.

Suggested Citation

Ali, Paul and Jager, Jesse and Ramsay, Ian, Legal Considerations for Superannuation Investors When Investing in Complex Financial Products (July 1, 2015). CIFR Paper No. 079/2015. Available at SSRN: https://ssrn.com/abstract=2667335 or http://dx.doi.org/10.2139/ssrn.2667335

Paul Ali (Contact Author)

University of Melbourne - Law School ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 1088 (Phone)
+61 3 8344 5285 (Fax)

HOME PAGE: http://www.law.unimelb.edu.au

Jesse Jager

Independent

No Address Available

Ian Ramsay

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

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