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JANA appoints new investment trusts leads

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
JANA Investment Advisers has appointed a head of investments, investment trusts, and a head of diversified portfolios, investment trusts. Claire Simpson will take on the role of head of investments, investment trusts and David Schnell is now head of ...

Fund managers prepare for harsher penalties

ELIZA BAVIN  |  THURSDAY, 4 APR 2024
Fines for alternative fund managers for breaking regulations are expected to rise, according to new research commissioned by Ocorian. The international study among fund managers at private equity, venture capital and real estate firms revealed 79% were ...

HMC Capital acquires asset manager

ELIZA BAVIN  |  THURSDAY, 28 MAR 2024
... Capital announced its intention to acquire the company in its 1H FY24 results on February 20. The transaction is expected to close in Q2 CY24 and is subject to customary closing conditions, including regulatory approvals. HMC Capital said the acquisition ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... to rebalance its exposure away from benchmark agnostic global equity managers. "As such, we do not expect the account to close but rather to see a reduction in mandate size," Platinum said. "These events, together with some other institutional account ...

QMV Legal folds, managing partner to launch new firm

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... After careful review and in collaboration with the QMV Legal senior team, we have mutually agreed that the best option is to close QMV Legal." Novigi delivers data and technology services to financial services companies including Mercer, Link, and Vanguard ...

Why BlackRock is taking a risk-on view

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... Second, stocks could grow more sensitive to macro news as profit margin pressures mount." BlackRock said it was keeping a close eye on Japanese equities as well but is keeping its overweight status because it believes the Bank of Japan policy stance ...

Platypus AM appoints new chief executive

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
Platypus Asset Management has appointed a new chief executive following the retirement of Gary Adamson. Jelena Stevanovic, who joined Platypus as a senior equities analyst in 2008 before being appointed portfolio manager for Platypus' flagship equities ...

Why this fundie sees the economy making a hard landing

ANDREW MCKEAN  |  MONDAY, 25 MAR 2024
'Goldilocks' soft-landing view, deteriorating consumer health and a poor growth outlook this Australian reporting season hints at a hard landing. "After digesting the latest information from reporting season results and company meetings our analysis ...

Australia's wealthiest women not getting the advice they need

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... performance. " The number of HNW women in Australia has been steadily growing for the past decade. Research by CoreData indicated close to twice the growth in the number of new women millionaires to men. Data from 2023 found male millionaires were growing ...

Northern Trust appoints head of international enterprise client solutions

ANDREW MCKEAN  |  FRIDAY, 22 MAR 2024
Northern Trust has appointed Gary Paulin to the newly created role of head of international enterprise client solutions. In the new role, Paulin will focus on building stronger relationships with key clients across Europe, Middle East, Africa, and Asia ...