Fund stalwarts draw $6bn in Aus equities mandatesBY MARK SMITH | TUESDAY, 12 MAR 2013 11:35AMOf the $10 billion worth of mandates handed out to Australian equity managers in the past 12 months, a staggering $5.97 billion has been given to just three investment houses, data from Rainmaker Information can reveal. |
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ASIC boasts $830m record civil penalties
ASIC has scored a whopping $830 million in civil penalty orders in the last financial year alone, a Freedom of Information (FOI) request revealed.
Infinity AM wins SMID fund mandate
Viridian Financial Group's Infinity Asset Management won a mandate to oversee a small to mid-capitalisation fund that was previously under the remit of Renaissance Asset Management.
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A pair of Remara directors, along with an iPartners private credit specialist, have joined forces to launch a new alternative investment firm, targeting an underserved segment across the private credit market.
New 'high-risk' derivatives on the rise
An innovative financial product, known as perpetual futures contract (perps), are currently under the scope of the market regulator, spreading concerns that the "speculative" product may be unlawfully distributed towards retail investors.
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Blake Briggs
CHIEF EXECUTIVE OFFICER
FINANCIAL SERVICES COUNCIL
FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.






