Phil King's Regal Funds Management has returned money to external investors for one of its smaller funds, but will continue to run the strategy internally.
In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% last week.
Pinnacle Investment Management's director of institutional sales is leaving the role for a $12.8 billion multi-boutique.
The major life insurer has confirmed several roles within its life insurance distribution team have been made redundant as a result of a restructure.
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