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WAM Capital posts record profitBY MARK SMITH | TUESDAY, 29 JUL 2014 12:25PM
Wilson Asset Management's listed investment company, WAM Capital, has reported a record profit pre-tax profit of $90.5 million for the 12 months to 30 June following strong investment performance.Read more: Investment, WAM Capital, Company, June, October 2014, Wilson Asset Management, Chris Stott, July 2014, Kate Thorley, S&P/ASX All Ordinaries Accumulation Index, S&P/ASX Small Industrials Accumulation Index, S&P/ASX Small Ordinaries Accumulation Index, WAM Capital chairman Geoff Wilson
Life insurers will take on more risks and shun safe-haven assets in a bid to bump up returns in 2022.
AMP has appointed a new head of portfolio management for its troubled multi-asset group (MAG), hiring from Pendal.
A new study shows close to 80% of institutional investors and wealth managers are now looking favourably upon cryptocurrencies, citing strong capital growth and diversification benefits.
American Century has launched a global small-cap fund targeting Australian wholesale investors.
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