Australia’s biggest investor offers his tips to survive the market

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As sharemarket volatility looms, AustralianSuper CIO Mark Delaney says investors need to understand they can’t know or control everything.

As the chief investment officer in charge of the country’s largest pot of capital, AustralianSuper veteran Mark Delaney has a lot on the line if central bank interest rate rises put an end toAustralianSuper’s Mark Delaney says investors need to accept what they don’t know.As he explains, history shows most decades bring at least one major market correction. Experienced investors know that panicking gets you nowhere.

To be clear, Delaney isn’t banking on a crash or even a correction. AusSuper is trimming its equities position to reflect the rising risk that central banks are forced to do more to contain inflation, but this is less about wholesale change and more about a tweak that reflects the fact that markets will be harder to navigate in the next 10 years than they were in the past decade.“I think it’s very dangerous to be reactive in this sort of environment.

Delaney says he was spooked about 20 years ago when Japanese equities crashed, but learnt a valuable lesson from the experience: an investor needs to accept there will be times when they lose money.What matters, he says, is to have a plan and focus not on market prices, which you have no control over, but how you are going to react to them. “Your focus of control is actually yourself and how you’re feeling and what you’re doing.”It’s also a message he’s trying to drum into his management team.

Today, there are 200 front office investment staff alone, located across five centres, including a rapidly growing London office and a new office in New York.

 

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Could Mark Delaney provide info re following? AustralianSuper Staff responding to phone calls can't answer questions with accuracy and can't put you through to anyone who can. Contradictory automated emails last few days. What is going on at AustralianSuper? superannuation Aus

That’s a fcuking understatement. MSM including AFR are scum and work against the mugs who buy their content. AFR is a controlled asset of the government.

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