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Partnership gives local access to global hedge fund giantBY MARK SMITH | THURSDAY, 8 AUG 2013 12:00PM
A new distribution partnership between BNP Paribas Investment Partners Australia (BNPP IP) and Permal Group allows Australian investors access to the global alternative asset manager's funds.
Read more: Permal Group, BNPP IP, Investment, BNP Paribas Investment Partners Australia, Jubilee Advisers, Antin Infrastructure Partners, Arnhem Investment Management, BNPP IP Australia, BNPP IP investors, Carnegie Asset Management, David Grybas, Fauchier Partners, Fischer Francis Trees & Watts, Hamilton Lane, Impax Asset Management, Legg Mason, March, Partnership, Permal Managed Account Platform
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AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
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Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
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The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
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The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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