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Chief economist update: This land is ours

BENJAMIN ONG  |  MONDAY, 2 SEP 2019
Five months and one day. This is the latest count since Hong Kongers started marching on the streets of China's Special Administrative Region (SAR) - on March 31 - protesting the withdrawal of the extradition bill proposed by China's "hand-picked" ...

YBR to remediate wealth clients

KARREN VERGARA  |  FRIDAY, 30 AUG 2019
... has occurred and where the appropriate remediation action may require financial compensation," latest statutory accounts read. Overall, YBR made a net loss after tax of $37.39 million for FY19, the majority of which ($33.95m) came write downs of the ...

South Australia appoints VC trustee

HARRISON WORLEY  |  FRIDAY, 30 AUG 2019
The South Australian government appointed a trustee to take care of the state's venture capital fund while it searches for a new manager. Melbourne Securities Corporation - also known as MSC Trustees - has been appointed caretaker of the South Australian ...

Chief economist update: The budget surplus can wait

BENJAMIN ONG  |  FRIDAY, 30 AUG 2019
... It's rare for two economists to have a meeting of minds (you all know the economists' jokes), but I'm happy to read Jason Murphy's - an economist. He is the author of the new book Incentivology and an article on news.com.au entitled "The ...

Chief economist update: US yield curve pictorial

BENJAMIN ONG  |  WEDNESDAY, 28 AUG 2019
Worries over a US recession have waxed and waned over the past few months. Gentle readers would know that I subscribe to the yield curve that studies by the Federal Reserve Bank of Cleveland and New York prove to be the best predictor of a looming US ...

Boutique launches new fund

KARREN VERGARA  |  MONDAY, 26 AUG 2019
A boutique fund manager has launched a new income fund that provides an alternative to low-yielding cash and term deposits. Prime Value's Diversified High Yield Fund, which launched on August 1, aims to provide investors with a return of 4% per ...

Chief economist update: Trump should read Frank

BENJAMIN ONG  |  MONDAY, 26 AUG 2019
Houston, we have a problem - a gigantic one! Talk about spoiling everybody's weekend. Wall Street fell sharply at the close of last week's trading. Was it due to disappointment over US Fed chair Jerome Powell's much-anticipated words at ...

Government should intervene in BOLR changes: Opposition

JAMIE WILLIAMSON  |  FRIDAY, 23 AUG 2019
... continue to work with advisers to transition away from these commissions by the government's deadline," the statement read. "We thought carefully about how to help all advice practices to address the significant disruption and regulatory change across ...

Perpetual in acquisition mode

KANIKA SOOD  |  FRIDAY, 23 AUG 2019
... assets under management. Adams denied Perpetual is currently looking at it actively. "I wouldn't believe everything I read.We are not in current discussions with Pzena," he said, declining to confirm if Perpetual pursued it at an earlier point in ...

ASIC accelerates enforcement

ELIZABETH MCARTHUR  |  MONDAY, 19 AUG 2019
In ASIC's latest enforcement update, the regulator has made clear it is accelerating enforcement action now that the Office of Enforcement is open for business. From January to June 2019, 10 individuals were charged in criminal proceedings brought by ...