Macquarie reshuffles asset management lineupBY KANIKA SOOD | FRIDAY, 2 NOV 2018 1:01PM
Macquarie Group has made three senior appointments and reshuffled its asset management business as it posts 1H19 net profits of $1.3 billion.Read more: Macquarie Group, MAM, Macquarie Asset Management, Macquarie Bank, Principal Finance, Woodside Petroleum, ASX, Bankers Trust for, Ben Brazil, Coca Cola Amatil, Health Australia, Jillian Broadbent, London, MIRA Martin Stanley, MQG, National Portrait Gallery of Australia, Peter Warne, Qantas, Results Macquarie, Swiss Re Life, Sydney Dance Company, University of Wollongong, Westfield, Woolworths
An activist short seller that accused an ASX-listed agricultural fund of running "scams" was dealt a blow in a Supreme Court judgment handed down yesterday.
The $55 billion industry fund is hiking the cost of its standard insurance cover for most of its members, with those aged 55 to 64 years to be the worst hit.
A former Macquarie Group financial adviser has been permanently banned from the industry, following an ASIC investigation into the adviser's "dishonest" and "misleading" behaviour.
It's the end of the road for a BT multi-asset fund managed by Pendal after 52 years, as investor demand ebbs out.
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