Managers struggle to secure positive net flows in FY24BY ANDREW MCKEAN | THURSDAY, 12 SEP 2024 12:51PMA minority of investment managers have had positive net flows over the past year, according to Rainmaker Information. Related News |
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Pengana pauses share buyback
Pengana Capital Group's board informed shareholders that although the company's current share price doesn't reflect its true value, it's paused its share buyback program until uncertainties around the Employee Share Loan Plan are settled.
QIC reports $9bn record earnings
Queensland Investment Corporation's (QIC) earnings topped a record $8.9 billion in the last financial year, buoyed by most investments outperforming their targets.
GSFM welcomes new chair
Following the retirement of its founder and executive chair Andrew McKinnon, GSFM has appointed his successor to its board.
Commonwealth Bank shakes up executive leadership team
Commonwealth Bank has overhauled its executive leadership team after two senior members signalled their intent to retire next year.
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Justine Marquet
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It's interesting to see all these really clever fund managers talking about addressable markets, economic moats etc etc but they can't (or won't) see that the Australian market has changed. The pie is getting bigger but there's no longer any room for rent seekers. There will only be a dozen big insto super funds left at the end of the consolidation and only boomer advisers are still banging away with active managed funds because their CVP is product based not strategy based.