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| | | abrdn has terminated a hedge fund that achieved negative returns since inception and failed to gain investor interest. The abrdn Global Risk Mitigation Fund closed on August 30. abrdn said due to changing demand, "the fund size has become smaller over ... |
| | | | ClearBridge Investments has launched the Global Value Improvers Fund, which aims to provide exposure to undervalued companies and those that are currently improving on ESG measures. This comes after ClearBridge launched its first global equity option ... |
| | | | Fidelity International has appointed Simon Glazier as managing director, Australia, with effect from 1 September 2024. In his new role, Glazier will be responsible for delivering continued growth for Fidelity's business in Australia, and further strengthening ... |
| | | | Praemium released its full year results, flagging a 12% increase in revenue to $84.9 million for the year ending June 30. Praemium said underlying expenses rose to $61.3 million, up 20% on FY23, due to increased IT and risk mitigation costs. "The latter ... |
| | | | The government has passed legislation that will put in place new powers for regulators to protect financial market infrastructure in the event of a crisis. Treasurer Jim Chalmers said the new laws will provide regulators with more powers to manage financial ... |
| | | | Independent MPs have called for urgent amendments to the Better Targeted Super Bill, particularly regarding the proposed taxation of unrealised gains. The controversial legislation introduces a 30% tax rate for superannuation earnings exceeding $3 million ... |
| | | | Nest is establishing an evergreen timberland fund and has its sights set on opportunities in Australia. The $70 billion workplace pension fund has enlisted Campbell Global, J.P. Morgan Asset Management's timberland investment advisory company, to develop ... |
| | | | The Guardians of New Zealand Superannuation appointed Michael Mitchell to the role of chief risk officer. Mitchell, who was previously the head of risk, has been acting chief risk officer since Mark Fennell retired earlier this year. The organisation ... |
| | | | Mercer has published its Investment Performance Survey, revealing the top-performing Australian share fund managers of 2023-24. The Glenmore Australian Equities Fund took out top spot with a 31.5% return. The fund, which has a diversified portfolio ... |
| | | | Investors are preparing for some market turbulence in the US after President Joe Biden pulled out of the race for President against Donald Trump. American Century chief investment officer Rich Weiss said Biden's decision to withdraw as the Democratic ... |
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