Publications

Keep up to date on what is happening at Warakirri by viewing the publications below. Click on the links to open.

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After-Tax Measurement of Australian Equities

• "Measuring performance on an after-tax basis aligns investment manager behaviour with member returns", Superfunds Magazine, November 2009.

• "After-tax investing... the evidence is now compelling", Investment Magazine, October 2010.

• After-Tax Occasional Paper 1: "After-tax management of Australian equities: an introduction", January 2011.

• After-Tax Occasional Paper 2: "After-tax management of Australian equities: the importance of capital gains tax", March 2011.

• After-Tax Occasional Paper 3: "After-tax management of Australian equities: demystifying after-tax benchmarks", March 2011.

• After-Tax Occasional Paper 4: "After-tax management of Australian equities: two elephants in the room (and they are both growing!)", June 2011.

• After-Tax Occasional Paper 5: "Off-market share buybacks: "money for jam?"", July 2011.

• After-Tax Occasional Paper 6: "Changing behaviour improves after-tax outcomes", November 2011.
  

Currency Management

• Implementing Best Practices in Currency Hedging Part 1: "Managing Cash Shortfall Risk and Counterparty Risk", September 2009.

• Implementing Best Practices in Currency Hedging Part 2: "Resetting Currency Hedges to Match Portfolio Value", October 2009.

• Implementing Best Practices in Currency Hedging Part 3: "Should you adjust a "passive" currency hedge ratio?", December 2009.

• Implementing Best Practices in Currency Hedging Part 4: "The Strategic Hedge Ratio and Active Risk Management", February 2010.

• Implementing Best Practices in Currency Hedging Part 5: "Hedging Illiquid Investments", June 2010.
  
  
• Implementing Best Practices in Currency Hedging Part 6: "Cash Shortfall and Active Risk Management", November 2010.
  
  
• Implementing Best Practices in Currency Hedging Part 7: "Managing Cash Shortfall Risk with Settlement Thresholds", September 2011.