Fund managers unsure about expenditures on AI

Magellan Asset Management is shuttering the Vinva Global Equity Fund, an active systematic strategy, two years after it was brought to market.

Hamilton Wealth Partners has appointed arcpoint OCIO as its outsourced chief investment office as the specialist family wealth advisory firm seeks to strengthen its investment governance and support the needs of its growing client base.

Netwealth Group has received letters of potential class action, alleging it breached duties while offering and monitoring certain First Guardian investment options available through the Netwealth Superannuation Master Fund.

ASX has announced changes to its executive leadership team as the exchange progresses a broader transformation and renewal program under new managing director and chief executive officer Anthony Attia.