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| | | Pacific Current Group (PAC) has purchased a stake in LA-based private credit and structured equity investment management firm Avante Capital Partners (Avante). The 24.9% equity interest in Avante cost PAC about $61 million, with $23 million to be paid ... |
| | | | Australians are pension-phase illiterate and blame the complex superannuation system for not understanding the basics about retirement, a new survey shows. A whopping 70% of 50-year-olds and over canvassed by AMP do not understand what an account-based ... |
| | | | Close to 80% of local investors adjusted their investment strategy towards a more conservative approach in the last six months, according to HSBC's latest investor survey. The second iteration of the group's Investor Insights Survey found that ... |
| | | | Assets under management in the responsible investment industry dropped by nearly $250 billion in 2022, according to the latest Responsible Investment Association Australasia (RIAA) report. For the first time in years, the total responsible investment ... |
| | | | Hopes are high for global family offices as Citibank's latest report records overall optimism for the next 12 months, notwithstanding concerns about inflation and geopolitical strife. According to Citibank's Global Family Office Survey Insights 2023 ... |
| | | | Financial advisers have more than doubled their allocation to cash and fixed interest products to hit $1.93 billion, according to AMP's North platform, which mandated NAB as its new term deposit provider in response to soaring demand. Across aligned ... |
| | | | The financial confidence of older Australians continues to take a beating thanks to mounting cost-of-living pressures, as many feel they will struggle with it well into the future, a new study shows. Eighty percent of people aged 50 years old and over ... |
| | | | ... 30, it returned close to 44% before fees. As at July end, it had about $75 million in funds under management. The management fee was 0.99% and performance fee was charged at 20%. The trustee, Perpetual Investment Management Limited (PIML), said it is ... |
| | | | Netwealth has unveiled a blueprint to a successful transition to managed accounts for financial advisers, centring on staff training, client messaging, and planning. At today's Financial Standard Best Practice Forum on Managed Accounts, Netwealth's ... |
| | | | Wheelhouse Partners has rebranded its global equity strategy to reflect how investors use the fund within their alternatives allocation. The Wheelhouse Global Equity Income Fund, which has about $100 million in assets under management, is now known ... |
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