CPG has in excess of 50 wholesale clients in Australia and overseas, including Risk Averse Investors, Wholesale Institutional Investors, Dealer Groups, Fund Managers, Family Offices, Local Government and High net worth investors who meet the “wholesale investor” test.
Established in 1991, CPG has been providing investment advisory services to local government authorities since that time. CPG provides asset advisory services to approximately $3 billion for public sector direct investors.
Along with other legislatively-constrained client sectors (e.g. health insurance), CPG has a deep and practical understanding of the local government legislation provisions that pertain to investment across various State jurisdictions.
This makes CPG by far the leading investment advisor in the Local Government sector, as well as to Australian fixed interest investors generally.
Additionally, CPG has long been at the forefront of the industry in creating “thought leadership”. Some examples of this are:
CPG has been a significant contributor to the NSW LGMA Finance Professionals Best Practice Investment Guide, providing input in relation to matters including Investment Policy, Investment Strategy, fund and CDO evaluation.
The WA Guidelines of 2008 extensively replicate our (then current) materials.
As a result CPG is the only adviser that has been requested to present at industry forums on Investment Best Practice to such groups as the QLD Local Government Accountants Association and the Charles Sturt University/NSW Local Government Finance Professionals Intensive Study Course.
CPG was exclusively invited to present to the Finpro conference for the Mid Coast region, as well as a number of events arranged by the LGAA.
CPG made the decision to issue publicly, in-house research in April 2007, warning of the dangers of the subprime CDO’s which were being marketed at the time. Many of our clients with “carve-out” Lehman Bros accounts returned ‘Federation’ and it would have been equally applicable to the subprime-exposed ‘Paladin’ CDO of CBA, as well as a range of Oakvale products. Our clients avoided all sub-prime products.
CPG was appointed the independent expert in 2008 by a joint venture of the NSW Department and LGAA to examine valuation and reporting issues for structured products. We identified serious issues amongst many councils and distributors, ultimately highlighting systematic deception of one distributor about CDO valuations.
Our independent expert work is well known to clients of Lehman Bros and Oakvale Capital entities, and has been instrumental in significant recoveries.
CPG provides dealer group consulting services that require specific requirements.
Our dealer group service is flexible and can be tailored to meet the dealer group needs. CPG’s provides great value to dealer groups in areas such as:
Quantitative analysis and research of your dealer groups APLs
Model Portfolios tailored to the dealer group needs
Participating with the investment committee
Alternatives - hedge funds, long short funds
Specialised / high alpha boutique and alternative managers
Portfolio construction, asset allocation and optimisation advice
Hybrids, structured and direct fixed interest advice
CPG provides expert input where required to help dealer groups refine their position on these issues.
Proven expert input to help Family's create and preserve their wealth.
CPG provides investment advisory services to family offices that require:
Ways to diversify, secure and maintain family wealth.
Constructing, implementing and on-going monitoring of an investment portfolio.
Support in fund manager selection and portfolio construction.
Extensive, global research function covering Alternatives as well as the mainstream asset classes.
Expanded access to investment and business opportunities
Achieving performance targets and minimising costs.
Acting in the best interest of your family
CPG spends time to understand the families:
Investment timeframes / liquidity needs
Security of capital requirements
Range of allowable investment types
Ensuring confidentiality for the family
Investment teams working closely with the Family office
The CPG consulting team consists of industry qualified consultants with an extensive background in managed funds research and/or portfolio management and asset consulting.
Our primary focus is on the provision of a quality service, and our consulting model is based on our consultants working closely with each of our clients.
CPG provides investment advisory services to Superannuation Funds that require:
The strength of partnership
Non-aligned and Independent
Premium / “Best of Breed” service provider selection
Administration/ Performance reporting and analysis
Impartial research-backed investment selection, monitoring and review
A focus on investment outperformance (high alpha)
Asset allocation and risk determination
Investment manager research and selection
Performance, process and people monitoring
When required, termination and replacement
CPG backs its judgment and research by identifying performance objectives with its clients
CPG has considerable research capacity. We review over 300 managers per annum. CPG have the luxury of independently assessing the skills and capacity of managers to add value for our clients through:
Access to higher returning asset sectors
Reduced implementation leakage
Lower risk due to broad diversification, ie, investing in private equity, emerging markets, non-index country allocations etc.
Actively reacting and adjusting allocations, promptly, to market cyclical changes
Reduced trustee and management time on investment issues
Synergies through unbundling of service:
Transition and Implementation
Reduced trustee and management time on investment issues
Economies of scale