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Major super funds caught in fraud scandalBY ELIZA BAVIN, JAMIE WILLIAMSON | WEDNESDAY, 18 SEP 2019 12:34PM
Several of Australia's largest superannuation funds were targeted by an online fraud syndicate which siphoned millions from share-trading and super accounts.
Read more: AustralianSuper, Commsec, HESTA, ASIC, Club Plus, Hostplus, LUCRF Super, Australian Federal Police, CMC Markets, Financial Standard, IG Markets, Australian Administrative Services, Chris Deakin, Chris Goldsmid, Link Group
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Victoria Funds Management Corporation has promoted a senior portfolio manager to head of equities, and hired from outside the company to fill the vacant role
The government's move to extend the ban on conflicted remuneration to listed investment companies and trusts is expected to provide financial advisers with some much needed certainty.
Aussie equities fund managers steadily improved in performance relative to benchmark from January to March, according to an updated SPIVA Australia Scorecard from S&P.
In the pre-pandemic world, there was a lot of talk around passive investment but now that the markets have taken investors on a rollercoaster ride, are the active managers leaving or just biding their time?
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