Perspectives - Autumn 2026

Ari Rajendra (S&P Dow Jones Indices) and Toby Potter (IMAP) discuss the ways in which private markets can be measured and assessed to create greater transparency in these assets.

Treasury think by imposing a performance test you could ”increase competitive pressure on (platform) trustees to deliver strong long-term returns and value for money” from products like SMAs. ”It wont work” says Toby Potter IMAP Chair  

Speaking from a managed accounts perspective, Darren Beesley (Evidentia Group), Michael Karagianis (JANA), and Frank Danieli (MA Financial Group) examine where private credit is heading over the next few years.

In the 6 months to 31 December 2025 balance date, Funds Under Management (FUM) in Managed Accounts increased to $292.9 bn, (25.8 % annual increase on 31 December 2024 FUM of $232.7 bn)

Jeremy Butterworth (Wellington Management) & Kerry Craig (J.P. Morgan Asset Management) discuss the rise of U.S. exceptionalism & impact of geopolitics on portfolio construction

Demand for advice by Australians has never been greater, Sarah Abood (FAAA) and Patrick Hartney (AFCA) discuss how the advice environment can be improved and what to expect from ASIC’s review of the managed accounts sector

Danielle Menichella (Sands Capital), Tom King (Nanuk), and Joel Connell (Bell Asset Management) discuss global equities, including the rise of AI and investment opportunities outside of the mega-caps.

Malcolm Dorson (Global X) and Jonathan Ramsay (Trellia Wealth Partners) examine the growth of emerging markets and can they provide investors with the opportunities & diversification needed in an environment of global uncertainty? 

As the managed accounts industry continues to grow, so too is it evolving. Peter Panigiris (DASH) and Andrew Stewart (Mercer) discuss the emerging shape of managed accounts.

Seasons are inevitable. Change is constant. The challenge for investors is finding the investment, or investments, for the season. Factor investing may be the solution, says Cameron McCormack Portfolio Manager at VanEck.