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'Lunatic' tariffs can directly hit Australia: Academics

KARREN VERGARA  |  MONDAY, 12 MAY 2025
... 14%. ANU honorary professor Gareth Evans said: "The economic risk flows from the quite lunatic Trump tariff policy that's now being pursued in an atmosphere of great uncertainty and unpredictability..." While the tariff impact may not be as acute ...

US financial market dominance can't last indefinitely: MSCI

ANDREW MCKEAN  |  MONDAY, 12 MAY 2025
... year's dramatic outperformance, Lester said, "the question of geographic diversification almost started to get set aside." But now, even long-term investors, he said, are asking themselves whether they want to devote so much of their asset allocation ...

Third Link adds three underlying Aussie equity managers

MATTHEW WAI  |  MONDAY, 12 MAY 2025
... supported by deep fundamental research and ESG integration that aims to outperform the S&P/ASX 300 Accumulation Index. It now manages over $1.5 billion in funds under management. "We are thrilled to be part of the Third Link Growth Fund and support its ...

Bill Gates to shutter Gates Foundation in 2045

JAMIE WILLIAMSON  |  FRIDAY, 9 MAY 2025
... was done so with the charter that it would continue for several decades after the death of Gates and his then wife, Melinda. Now, Gates says he has realised the foundation can achieve its goals much sooner if it doubles down on key investments and offers ...

Alvia scoops up majority stake in ice cream cone maker

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
... company's founding Rizzo family. According to Alvia, Australia's ice cream market has more than doubled in value since 2012, now exceeding $1.5 billion. The family office also reported a 41% increase in "indulgent products" over the past year. ...

Former financial adviser charged in alleged $160k super fraud case

ANDREW MCKEAN  |  FRIDAY, 9 MAY 2025
... restricted from providing advice on limited recourse borrowing arrangements or setting up SMSFs. His financial adviser status is now listed as "ceased" and he isn't currently registered. The exact date his registration ceased isn't clear, but ...

Reducing super tax cap to $2m 'a concern': FAAA

ELIZA BAVIN  |  FRIDAY, 9 MAY 2025
... reforms for comprehensive consultation. "The pathway to legislative change is long and difficult, so we must get this right now. Partial reform risks making the system more complex, not less," Burgess said. "To achieve meaningful change, we need coordinated ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
... engage in misleading conduct, "the contravening conduct should be regarded as objectively serious." He added that "insurers are now squarely on notice that contractual terms may mislead consumers if the operation of those terms is modified by, or inconsistent ...

Longview Partners sets up local hub

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
... institutional and wealth management platform, focusing on its global equity strategy, the firm's single product offering. Up until now, Longview chief executive Marina Lund has covered the local institutional market. Before his 12 months at Apostle ...

Global X recruits key executives

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
... over two years, Fallins has played a pivotal role in Global X's financial planning, forecasting, and reporting and will now oversee all aspects of the company's financial operations. Fallins previously worked at Christopher Joye's Coolabah ...