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RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... should contribute to anchoring inflation expectations," Allen said. "Also helping will be evidence of the peak in wages growth now being behind us. One key risk though remains a strong pipeline of investment work by both the private and public sector." ...

Equip Super awards custody mandate

KARREN VERGARA  |  WEDNESDAY, 22 MAY 2024
... appointed new custodians since the folding of NAB Asset Servicing. Citi scooped up a slew of mandates in recent months. Citi is now custodian, fund administrator, and registry services provider for Fiducian Group. It is also the new custodian and fund ...

Centuria launches new wholesale fund

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... fundamentals for the retail sector." The acquisition underpins the single-asset, closed-ended wholesale fund. "Halls Head Central is now our third retail asset within the City of Mandurah. Centuria has deep market experience within the region, actively ...

NovaPort Capital team calls it a day

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2024
... review determined that the growth potential of the business along with the personal ambitions of the NovaPort principals meant now was the time to close the business." "Acting in the best interest of investors, the NovaPort founders will manage the selldown ...

Super funds to solve the housing crisis?

ANDREW MCKEAN  |  TUESDAY, 21 MAY 2024
... it's not fair." Delahunty added that she feels "our generation has done a disservice to the youth," lamenting that we're now having serious conversations about asking them to choose between their retirement savings and buying a home. While acknowledging ...

Another corporate fund bites the dust

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
... Executive Superannuation Trust and the Nissan Retirement Fund. However, in that same year it was closed to new employees. Now, following a review, Nissan Motor Co. has decided to cease its contributions to the plan. As such, its trustee Willis Towers ...

Cbus deputy CIO exits

KARREN VERGARA  |  MONDAY, 20 MAY 2024
... strategy officer of investments. Campbell took over the deputy chief investment officer role from Brett Chatfield, who is now the super fund's chief investment officer. "Throughout her time at Cbus, Alexandra made an incredible contribution to the ...

Loomis Sayles brings global bond fund to Australia

ANDREW MCKEAN  |  MONDAY, 20 MAY 2024
... Schweitzer, Scott Service, and David Rolley, who collectively have 114 years of experience. Schweitzer said the strategy, now available to Australian wholesale clients for the first time, has been "well-tested" to deliver long-term sustainable returns ...

Link Group rebrands as acquisition completes

JAMIE WILLIAMSON  |  FRIDAY, 17 MAY 2024
Link Group will now be known as MUFG Pension and Market Services, following the implementation of the scheme of arrangement with Mitsubishi UFJ Trust and Banking Corporation, a subsidiary of Mitsubishi UFJ Financial Group. The business comprises two ...

Social media influencers charged for promoting shady investments

ANDREW MCKEAN  |  FRIDAY, 17 MAY 2024
... Oukhellou were allegedly paid to promote an Instagram account, @holly_fxtrends, to their collective 4.5 million followers. This now-deleted account was doling out advice on trading complex financial instruments without proper authorisation. The UK's ...