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Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... and Port Adelaide, without any community consultation or local support. "Everyone can see AUKUS is sinking, the question is now becoming how much environmental and financial damage it will do before it hits rock bottom?" Shoebridge said. Over-reactor? ...

IMF issues stark inflation warning for Australia

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2024
... outlook for the Middle East and Central Asia and that for sub-Saharan Africa." The IMF prediction that in five years from now, global growth should reach 3.1% which it said was a "mediocre performance" compared with the pre-pandemic average. "As global ...

Magellan launches first Vinva funds

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
... worldwide (excluding Australian institutional clients). The Vinva Global Equity Fund and the Vinva Australian Equity Fund are now available, and the third fund, the Vinva Australian Alpha Extensive Fund - a 130:30 long-short strategy - is expected to ...

GDG records highest quarterly FUM, inflows growth

MATTHEW WAI  |  MONDAY, 21 OCT 2024
... Generation Development Group (GDG) has reported record growth in the September quarter with its funds under management (FUM) now nearing $3.6 billion on the back of major inflows. GDG's FUM is up 33% - close to $1 billion - on the prior corresponding ...

ACTU slams plans to Americanise the superannuation system

ANDREW MCKEAN  |  FRIDAY, 18 OCT 2024
... older adults is common. According to the National Council on Aging, 80% of older adults are either financially struggling now or at risk for economic insecurity in retirement. Its research also found that living independently in the community without ...

VFMC investment team takes shape

ELIZABETH FRY  |  FRIDAY, 18 OCT 2024
... head of asset classes, the largest of the four investment functions. "Under the updated structure, asset class teams will now report through to the head of asset classes and then ultimately to me, rather than directly to me," explained the chief investment ...

JANA awarded mandate for $2bn construction leave scheme

MATTHEW WAI  |  THURSDAY, 17 OCT 2024
JANA Investment Advisers will now provide asset consulting services for LeavePlus, a $2 billion portable long service leave scheme for Victorian construction industry workers. Formerly known as CoINVEST, LeavePlus administers the scheme for 280,000 ...

Australia's retirement system slides down rankings

MATTHEW WAI  |  WEDNESDAY, 16 OCT 2024
... the result of a lack of focus. According to the 16 th annual Mercer CFA Institute Global Pension Index report, Australia is now ranked sixth globally with an index value of 76.7 and a B+ grade, now sitting behind Singapore which scored 78.7 and a B+. ...

EBC expands local offerings to HNWIs, instos

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... AFSL, which complements the general advice offering, will allow EBC to service wholesale and institutional investors. It is now authorised to facilitate financial product transactions, including issuing, applying for, acquiring, varying, or disposing ...

AustralianSuper pumps $2.2bn into US data centre

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... investment, and our new campuses, are a game-changer for DataBank and our customers, allowing us to bring this capacity to market now and seize the incredible opportunity ahead of us." Institutional investors are embracing companies that run enterprise ...