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Super funds keen on alternatives managersBY KANIKA SOOD | WEDNESDAY, 17 JUL 2019 12:16PM
Alternatives managers continued to win the biggest slice of institutional mandates awarded in Australia in the year to March end, according to the latest Rainmaker Mandate Chaser report.
Read more: Alternatives, Rainmaker, BlackRock, Firetrail, Mesirow, Alex Dunnin, Australian Catholic Superannuation Retirement, Cbus, Christian Super, GQG Partners, IFM Investors, Media Super, Morgan Stanley IM, QIC, State Street Global Advisors, Yarra Capital
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A former financial adviser and licensee director has been sentenced to six years' imprisonment for misappropriating close to $2 million for his own use.
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Pinnacle Investment Management's 16 affiliates tallied up only $3 billion in net inflows in FY20 as institutional allocators deferred mandate decisions in COVID-19 but the firm managed to grow NPAT by 5.6% to $32.2 million.
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ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo.
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The self-managed super fund administration and software provider has appointed two new technology leads, set to help Class continue to grow and innovate.
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