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AustralianSuper updates deceased members' investments

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... October, AustralianSuper rejigged the investment objectives of two options. The Diversified Fixed Interest option's objective now is to beat 50% of the Bloomberg Global Aggregate Total Return Index hedged to AUD and 50% of the Bloomberg AusBond Composite ...

FAAA announces 2024 awards finalists

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... are in contention for the FAAA University Student of the Year Award. Tania Milnes, FAAA's general manager membership, said: "Now more than ever, we want to shine the light on the positive, life-changing advice that FAAA members provide to their clients. ...

'Challenging period' for active managers

ELIZA BAVIN  |  WEDNESDAY, 9 OCT 2024
... another tough year for active management in 2024. Initially covering just US-domiciled funds, nine regional year-end scorecards now cover active performance in funds operating in markets in Australia and other countries. "The first half of 2024 will ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
... especially scarce. This follows the ATO's recent confirmation that financial advice fees for tax-related guidance are now deductible. "The cost of financial advice has increased since the Financial Services Royal Commission handed down its findings ...

RQI Investors promotes three staffers

ELIZABETH FRY  |  TUESDAY, 8 OCT 2024
... Standards Board (IASB) and the International Sustainability Standards Board on their digital taxonomies. As for Guido, RQI said he now leads the research of new alpha ideas, improves existing ideas, and will deepen the team's understanding of model ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
... Neskovcin also varied the freezing orders to allow the liquidators to take any action regarding GCPF's property. GCPF must now pay several ASIC legal costs.

FCX granted 'historic' market licence by ASIC, RBA

ANDREW MCKEAN  |  TUESDAY, 8 OCT 2024
... shareholders and employees. "For investors, it will provide liquidity, transparency, and security lacking in private assets until now - as well as direct access to an asset class historically out of reach for non-institutional investors," it said. The ...

AustralianSuper expands US footprint, names executives

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... after relocating to New York in 2021 to promote AustralianSuper as a desirable global investment partner in the US. She is now the fund's principal of member and investments engagement. There is currently about 60 AustralianSuper staff based in New ...

Wholesale investor test changes on ice: Parliamentary committee

KARREN VERGARA  |  FRIDAY, 4 OCT 2024
... Corporations and Financial Services is currently looking into the sustainability of the wholesale investor tests, which are now 22 years old, listening from investors and product providers about any unintended consequences of changing them. There are ...

Rest chief investment officer departs

ELIZA BAVIN  |  FRIDAY, 4 OCT 2024
... the future. "Andrew joined in 2020 as our first chief investment officer and, after nearly five years at Rest, has decided now is the right time to move on to his next opportunity," Doyle said. "I want to recognise and thank Andrew for the work he has ...