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Wholesale funds recover lossesBY ANNABELLE DICKSON | FRIDAY, 9 APR 2021 12:24PM
Wholesale funds finished 2020 with funds under management (FUM) down just 0.1%, recovering almost all the losses experienced as a result of COVID-19, new research from Plan For Life shows.
Read more: Plan For Life, Challenger, Vanguard, IOOF Multimix Balanced Growth Trust, Macquarie Balanced Growth, State Street Global Advisors, Ausbil Balanced Fund, Pendal, QIC, Rainmaker Information, Victoria Funds Management
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BlackRock has advanced its expansion into China, obtaining a licence from the local regulator to operate in wealth management via a joint venture.
ASIC has banned the managing director of Theta Asset Management for four years from the financial services industry.
An Order of Australia recipient has been named the new chair of the Australian Financial Complaints Authority, replacing Helen Coonan.
Plenary Group has poached a four-person team from John Holland as it looks to bolster its integrated property capabilities.
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