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UniSuper battles major system outage

JAMIE WILLIAMSON  |  FRIDAY, 3 MAY 2024
... its staff accurately, if at all, as payroll systems are affected. In response, UniSuper told Financial Standard : "We have met all our payroll requirements and all employees have been paid." The FSU said the outage follows a decision by the fund to outsource ...

Advisers urged to capitalise on HNW interest in alternatives

ANDREW MCKEAN  |  THURSDAY, 2 MAY 2024
High-net-worth (HNW) investors are the largest market for alternative assets, drawn by the potential for diversified risk-adjusted returns and superior yields in an environment where traditional investments may underperform, according to a report by ...

Australian Retirement Trust applies new investment exclusion

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
From July 1, Australian Retirement Trust (ART) will add thermal coal to its list of exclusions. ART currently applies three exclusions when directly investing in Australian and international share asset classes across all its investment options, being ...

Global X launches new gold ETF

ELIZA BAVIN  |  THURSDAY, 2 MAY 2024
Global X has launched the Global X Gold Bullion ETF (ASX: GXLD), expanding the company's range of gold-backed products. GXLD will complement Global X's flagship product, Global X Physical Gold (ASX: GOLD), to provide investors more choice in selecting ...

Brighter Super to close socially responsible options

JAMIE WILLIAMSON  |  TUESDAY, 30 APR 2024
... Responsible and Socially Responsible Australian Shares options has been declining and the performance of these options has not met expectations, the fund said, adding it is in members' best interests that the options be closed. In the 12 months to ...

Succession planning troubles family offices: J.P. Morgan

KARREN VERGARA  |  TUESDAY, 30 APR 2024
Global family offices remain deeply concerned about how to prepare the next generation to inherit a vast fortune as almost 30% do not have a structured approach to help them, a new study from J.P. Morgan reveals. The majority (70%) of participants that ...

Almost one third fail adviser exam

KARREN VERGARA  |  TUESDAY, 30 APR 2024
... academic transcripts issued by the provider of an approved degree or qualification. It must demonstrate that the person has met all the approved conditions of the approved degree or qualification.

New framework for investors to navigate AI released

ELIZA BAVIN  |  MONDAY, 29 APR 2024
Alphinity Investment Management (Alphinity) and CSIRO have released a responsible AI (RAI) framework and actionable toolkit to help investors navigate the accelerating AI opportunity. The Intersection of Responsible AI and ESG: A Framework for Investors ...

Future Fund deputy CIO jumps to Blue Owl

ELIZABETH FRY  |  FRIDAY, 26 APR 2024
... 1000 miles in these people's shoes. It is not enough to have people who are not themselves informed investors." Clarke met Gregory while trying to win a mandate from the Future Fund and thought her the right fit for Blue Owl. "We want someone who ...

Mega super fund opens first international office

ANDREW MCKEAN  |  WEDNESDAY, 24 APR 2024
... investment opportunities for our members." ART head of global real asset Michael Weaver said the fund's team had already met with the David Cameron, secretary of state for foreign, commonwealth and development affairs on his visit to Australia last ...
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