Editor's Choice
Antipodes acquires boutique manager
Antipodes has acquired a fund manager specialising in Asian equity and fixed income strategies that has about $170 million in assets under management.
The funds delivering up to 30% returns: Mercer
Mercer released its investment performance charts, revealing the top 10 funds delivering massive returns.
ClearBridge launches first local global equity fund
ClearBridge Investments has launched its first global equity strategy in Australia as it looks to introduce more in the future.
Plenary Group sells 49% stake to ADQ
Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Plenary Group as it marks its first investment in an Australian company.
Further Reading
Sponsored by | Where do advisers invest their time?The stage 3 tax cuts have sparked discussions on bracket creep. Implementing a tax-effective investment strategy is crucial now more than ever. |
Sponsored by | Quality and Yield. A Powerful combination.With central bank rates seemingly peaked, investors are not awaiting yield increases. We're bucking the trend with investment rates at decadal highs |
Sponsored by | Why it could be a good time to be a growth contrarianGrowth-style companies are in vogue, but you may need to think outside the box to ensure you don't overpay. |
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Featured Profile
Fiona Mann
HEAD OF LISTED EQUITIES AND ESG
BRIGHTER SUPER
BRIGHTER SUPER
Brighter Super head of listed equities and ESG Fiona Mann was shaped by a childhood steeped in military-like discipline and global nomadism. Andrew McKean writes.
Dr Newman has advocated the Australian minimum wage falling to levels comparable with the US.
Business should advocate for tax reform to encourage greater employment, but dropping the minimum wage would be an enormously damaging move.
One may well ask Dr Newman how he obtained the wealth necessary to own a cattle property that is "wonderfully relaxing and gives us the opportunity to regularly enjoy fresh air and simple pleasures with our children and grandchildren".
Why then, would you bring us down to the level of the US, where many of those who are less fortunate stay on the treadmill for their entire working life?
Dr Newman spoke of Australia's high minimum wage as something of a curse. From my perspective, we should all take great pride in providing a living wage to our fellow citizens.
When comparing the wages structure in Australia to Europe and, heaven help us, the United States, he overlooks the enormous social cost of the poverty created by these "competitive wage structures." And by quoting annual incomes at the minimum wage, he totally ignores the fact that a large proportion of these workers have only part time work.
Rather than wring our hands over the high cost of labour, why don't we emulate the Japanese in the 1980's when faced with an overvalued Yen. They called on the general population and the business community to strive for measured productivity increases, and succeeded in maintaining and improving their economic position.