Chief economist update: Wisdom of the crowdBY BENJAMIN ONG | MONDAY, 21 MAY 2018 11:16AM
While financial market volatility has come down - the VIX index closed at a reading of 13.42 last week (down from this year's high to date of 37.32) - there remains lingering geopolitical uncertainty.
Read more: China, North Korea, Kim Jung-on, Canada, Fed, Iran, Mexico, VIX, NAFTA, Donald Trump, POTU, President Xi Jinpeng, All Ords, Aristotle, Australia-Israel Chamber of Commerce, German Dax, North Atlantic Free Trade Agreement, Perth, Philip Lowe, Politics, QE, Reserve Bank of Australia Governor, Shanghai, US Treasury, ZTE
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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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