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Fund managers driven to alternatives: ReportBY ELIZA BAVIN | TUESDAY, 18 FEB 2020 11:37AM
Fund managers are being pushed into allocating more of their portfolios towards alternatives, as traditional investments continue to provide low returns, according to a new Morningstar report.
Read more: Morningstar, Pendal, AustralianSuper, BlackRock, Cbus, CFS, Sunsuper, MLC, Multi Sector Wrap
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The $80 billion fund manager has hired BMO Global Asset Management's Asia Pacific managing director as an executive director as the incumbent retires.
Wilson Asset Management has responded to allegations by Keybridge Capital, noting the investment manager has already failed twice in previous attempts to obtain orders of this kind.
The former head of ESG investment research at AMP Capital has taken up a new role.
Fortnum, Centrepoint, Easton Wealth, CountPlus, Fitzpatricks and Paragem have all criticised the Financial Planning Association of Australia's latest policy proposal.
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