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State Super names new chief investment officer

JAMIE WILLIAMSON  |  THURSDAY, 21 JAN 2021
... in an extremely challenging environment, resulting in State Super's growth and balanced funds consistently being in the top quartile on a risk adjusted basis," State Super's chief executive John Livanas said. "Charles' approach to risk management ...

Global equities continue to soar: Report

KARREN VERGARA  |  THURSDAY, 21 JAN 2021
... Companies Fund. Australian Unity and Platypus' Australian Equity Funds and Bennelong's Australian Equities Fund comprised the top three. As for emerging markets, Fidelity's Global Emerging Market Fund topped the list, followed by the Capital Group New ...

Vanguard growth ETFs shine

KARREN VERGARA  |  WEDNESDAY, 20 JAN 2021
Two Vanguard exchange-traded funds have outperformed actively managed wholesale funds in the growth category, new Rainmaker research finds. Vanguard Diversified High Growth Index ETF (VDHG) and Vanguard Diversified Growth Index ETF (VDGR) delivered ...

Does financial services have a problem with women?

ELIZABETH MCARTHUR  |  TUESDAY, 19 JAN 2021
... harassed her. The fact that AMP was aware of this harassment allegation but continued to promote Pahari all the way up to the top job prompted some to ask whether there was something wrong with the culture of the company. Senator Deborah O'Neill ...

Group insurance using shoddy data: Rice Warner

KARREN VERGARA  |  TUESDAY, 19 JAN 2021
... financial year alone. With the onset of regulatory reforms, it appears that insurers and super funds aren't able to stay on top of new legislation and reflect the changes in their data. For example, the complexities of the Protecting Your Super and Putting ...

Shipton $200k out of pocket

ELIZA BAVIN  |  TUESDAY, 19 JAN 2021
ASIC chair James Shipton has lost out on close to $200,000 in salary since going on a leave of absence last year. The top corporate cop went on a leave of absence in October last year as he awaited an outcome of a review into his remuneration arrangements. ...

Former Trump aide launches crypto fund

KARREN VERGARA  |  MONDAY, 18 JAN 2021
... founded SkyBridge Capital 16 years ago, which offers fund of hedge funds products and hedge fund advisory services. It uses a top-down portfolio management strategy and a bottom-up manager selection process. Fidelity Digital Assets, a subsidiary of Fidelity ...

MySuper eyes growth asset returns

KARREN VERGARA  |  MONDAY, 18 JAN 2021
... ESG, Australian and international equities, property, fixed interest and cash. Of the 55 funds, Rainmaker found 39 achieved a top-10 ranking in at least one sector measured by a strike rate or the number of times the fund appears in the top 10. Aware ...

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
The longer the Eurozone takes to get on top of the resurgence, the longer the lockdowns, the greater the risk of a double-dip recession. COVID-19 infections in Europe started re-appearing and multiplying sometime around October last year. The growth ...

Platforms start to shake ERS impact

KANIKA SOOD  |  FRIDAY, 15 JAN 2021
... years. It expects HUB24 to go from 5.1% from 2.1% over the same period. However, institutionally aligned IOOF remains its top pick, as it sees HUB24 and NWL overvalued. "We continue to see medium-term value in IFL (OPFM) which remains our top pick. While ...