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GAM hires from BlackRockBY JAMIE WILLIAMSON | TUESDAY, 1 JUN 2021 12:44PM
The Swiss manager is investing in its local business, adding to its product offering and hiring a senior manager from BlackRock.Read more: BlackRock, GAM Investments, Alex Zaika, Credit Suisse, Financial Standard, GAM EM Rates, Peter Sanderson, Sophie McFadyen, Templeton Asset Management, Terence Bong
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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