The latest issue of Financial Standard now available as an e-newspaper Hedge fund switched traders with algorithm BY KARREN VERGARA | THURSDAY, 10 DEC 2020 12:31PMA hedge fund, previously linked to several superannuation funds, has been fined US$170 million for replacing its traders with an algorithm that drastically underperformed. Sponsored by AIA Australia
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| | KANIKA SOOD IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services. | KARREN VERGARA Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform. | | | KARREN VERGARA PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight. | BENJAMIN ONG Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this. |
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