US investment giant builds out Sydney teamBY ALEX BURKE | THURSDAY, 16 FEB 2017 12:38PM
The private capital arm of a $1 trillion US investment manager has set up shop in Sydney with a local investment team.Read more: US, Sydney, Pricoa Capital Group, Australian Pricoa, Marie Fioramonti, Michael Jones, New Zealand, PGIM Australia, PGIM Real Estate Group, Prudential Financial
In light of the Royal Commission, the Turnbull Government has increased criminal and civil penalties for corporate misconduct and boosted ASIC's surveillance powers.
Powerwrap has confirmed it recently completed a pre-IPO capital raise to the tune of $7.5 million.
Two Blue Sky funds have been rated "unapproved" and "low investment grade" by SQM Research after the manager conceded it had fallen short of shareholder expectations.
The financial advice industry is grappling with a sales culture mentality and is only at the "cusp" of being a "true profession," this morning's session of the Royal Commission has revealed.
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