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Bennelong adds Asian equities boutique

KANIKA SOOD  |  TUESDAY, 14 MAY 2019
... Last month, it opened a New York office with plans to distribute its existing funds to institutional investors in the US. Read more: Inside Bennelong's UK engine room

Advice practice supply outweighs demand

JAMIE WILLIAMSON  |  MONDAY, 13 MAY 2019
The valuation gap between high-quality financial advice businesses and conventional practices is growing, with the sector quickly turning into a buyers' market. Latest insights from Radar Results show the valuation gap between high-quality practices ...

EQT names local head of fund services

KARREN VERGARA  |  MONDAY, 13 MAY 2019
Equity Trustees appointed a new head of fund services for Australia as it readies the division for the offshore market. Russell Beasley was promoted to the role after spending more than four years as general manager of fund services. Beasley joined ...

Chief economist update: The (trade) war is back on

BENJAMIN ONG  |  MONDAY, 13 MAY 2019
"If it weren't for the last minute, nothing would get done." - Rita Mae Brown. This famous quote might be true in general, but it certainly didn't apply to the 11th hour, last minute trade negotiations between the United States and China on ...

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
An $8.6 billion industry superannuation fund is gearing up its first private equity play in almost half a decade, as it readies for an environment of lower returns. Australian Catholic Superannuation Retirement Fund chief investment officer Michael ...

Insurtechs improve life insurance inefficiencies: Report

KARREN VERGARA  |  THURSDAY, 9 MAY 2019
Life insurers are ramping up efforts to improve pricing and underwriting efficiencies with the help of startups to make it possible, a new insurtech study shows. The second annual EY and Insurtech Australia report found almost three-in-four (72%) insurtechs ...

Communication fails to keep member interests at heart

KARREN VERGARA  |  WEDNESDAY, 8 MAY 2019
... particularly in relation to initial insurance cancellation notices. "Such communication should support those members who receive and read the information to make an informed decision about whether to allow their cover to cease or benefits to be transferred ...

UBS co-head of equities departs

KANIKA SOOD  |  WEDNESDAY, 8 MAY 2019
... the Global Research Executive Committee, Global Cash Executive Committee and the APAC Equities Management Committee," it read. "As part of the local senior management team, Chris has also played a key role in our community, talent and business sponsorship ...

Chief economist update: RBA refused to blink in May

BENJAMIN ONG  |  WEDNESDAY, 8 MAY 2019
Nothing. Nada. Zilch. Despite high expectations that it would leading up to its May Board meeting, the Reserve Bank of Australia (RBA) didn't only NOT cut the official cash rate - it kept it unchanged at a record low 1.5% - it also maintained its ...

Janus Henderson EM team crumbles

KANIKA SOOD  |  TUESDAY, 7 MAY 2019
The emerging markets equities team at Janus Henderson Investors is getting ready to leave en masse, the firm confirmed. Head of global emerging market equities Glen Finegan departed on April 18 and is now on garden leave until October, Janus Henderson ...