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FundBase to launch platform for retail access to private markets

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... 2030. In Australia, private market investments are gaining momentum with more than 30% of Australian investment portfolios now allocated to private markets," Nedbaylova said. "We're witnessing a growing level of sophistication among retail investors ...

ASIC initiates ASX outage probe

JAMIE WILLIAMSON  |  MONDAY, 3 FEB 2025
... whether they have sufficient resources to operate properly. On January 24, the ASX confirmed the outage had stemmed from its now defunct mFunds system, saying that when mFunds were launched in 2014 the ASX did not identify the need to make certain changes ...

BUSSQ loses legal bid to overturn additional licence conditions

ANDREW MCKEAN  |  MONDAY, 3 FEB 2025
... valid," Taylor said. APRA deputy chair Margaret Cole said the regulator took action to support improved member outcomes and will now move "expeditiously" to ensure the requirements under the additional licence conditions are met.

Syfe bids for SelfWealth, ups BFG's offer

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... them or held on their behalf at the time of the scheme meeting in favour of the Bell offer," the board said. SelfWealth is now engaging with Svava and requested more information, including its funding capacity and potential requirement for regulatory ...

System Capital joins Fidante stable

JAMIE WILLIAMSON  |  MONDAY, 3 FEB 2025
... System Capital to enable the latter's growth, while also strengthening the Fidante suite of investment choices, it said. It now has 20 affiliates on its books. Fidante chief executive, funds management Victor Rodriquez said the group is excited by the ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... fund the Compensation Scheme of Last Resort (CSLR) for the next financial year - breaching the $20 million cap - Treasury is now calling for a review of the controversial scheme. The CSLR today released its FY26 levy estimates and blamed the failures ...

Coast Advice teams up with New York private investment firm

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... of years in which time they have undertaken more than 20 M&A transactions. In partnering with Coastal Advice, Merchant has now provided the capital to enable their growth to accelerate," Haintz said. "Coastal Advice has the vision, the model, and the ...

VFMC wraps up leadership changes

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... Russell Clarke said it made sense to separate the future management of these two asset classes given the size of the assets now managed in these portfolios. "This is a natural evolution of the team and is a recognition of the success of the absolute ...

Quant fund hires from JP Morgan

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... will play a pivotal role in strengthening and expanding our leadership team and driving future growth," he said. "We've now delivered a 5-year track record with the ECCM Systemic Trend Fund program, with investor returns of 108% over that period ...

Australian Ethical loses super chief

ELIZABETH FRY  |  THURSDAY, 30 JAN 2025
... merger, and I'm very thankful for the opportunity to serve and lead in both organisations," he said. "However, I'm now excited to take up a new role that aligns deeply with my interest and values and marks a return to the earlier part of my career ...