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| | | The Securities and Exchange Commission (SEC) has slammed the oligopolistic nature of the proxy adviser industry and floated the potential for artificial intelligence (AI) to upend their stronghold. Brian Daly, the director of the SEC's division of investment ... |
| | | | ... decisions taken under the guise of 'diversifying' away from the handful of forces driving markets is now a bigger active call," it said. The AI buildout as well as mounting geopolitical tensions suggest that investors should focus less on spreading risk ... |
| | | | Lendlease is selling a stake in luxury retail mall The Exchange TRX to a Malaysian family office for nearly $406 million. Lendlease will offload the 40% stake in The Exchange TRX, as well as its 60% interest in the office asset valued at RM1.1 billion ... |
| | | | The Australian Financial Complaints Authority (AFCA) has released details of its lead decision approach for Shield Master Fund and First Guardian Master Fund complaints, aiming to deliver a "consistent and fair" outcome for all affected investors. The ... |
| | | | From cyber breaches to mergers and increased regulatory action, there has been a raft of news surrounding the superannuation sector this year. Minimum standard services for super funds welcomed Treasurer Jim Chalmers and former Assistant Treasurer Stephen ... |
| | | | There was no shortage of news impacting the financial advice community this year, with advisers bearing the brunt of negative sentiment in the wake of First Guardian and Shield collapses. But there were some bright spots throughout the year, including ... |
| | | | Papua New Guinea's Nambawan Super has appointed a new chief executive, naming Australian superannuation veteran Lachlan Baird to lead the country's largest defined contribution government fund. Baird brings more than two decades of superannuation ... |
| | | | The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on Equity Trustees Superannuation Limited (ETSL) to address concerns relating to its investment governance frameworks and practices, including oversight ... |
| | | | ... thanks to Mark's vision and dedication." Delaney said it's been an honour every day, but it's time to go. "Until I call time with the fund in June, I will work my hardest to get members the returns they deserve," he said. "I am extremely ... |
| | | | PME Pensioenfonds, a Dutch pension fund with $105 billion in assets, has terminated an $8.9 billion equity mandate with BlackRock due to the manager's misalignment with the fund's environmental, social and governance framework. According to a release ... |
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