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Showing 2161 - 2170 of 6251 results for "December 29"

Former Magellan research head joins boutique

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
Former Magellan portfolio manager and head of research Nikki Thomas is joining a boutique manager. Thomas is joining Alphinity Investment Management as a global portfolio manager. The firm is partly owned by Challenger's boutique business Fidante. ...

BNP Paribas wins $378bn admin mandate

KARREN VERGARA  |  FRIDAY, 29 JUN 2018
BNP Paribas Securities Services won a €240 billion ($378bn) fund administration mandate from a global asset manager. DWS - formerly Deutsche Asset Management - will transfer its fund administration unit to BNP Paribas Securities Services, which is ...

Chief economist update: It's always slow in America in Q1

BENJAMIN ONG  |  FRIDAY, 29 JUN 2018
The third and final estimate of US GDP growth showed the economy grew at an annualised rate of 2% in the first quarter of 2018. This is lower than market expectations and would be unchanged from the second estimate's 2.2% rate. While the slight ...

Chief economist update: Shanghai's drop is China's problem, the yuan's slide is everyone's

BENJAMIN ONG  |  THURSDAY, 28 JUN 2018
The Shanghai Composite index's drop into bear market territory may have elicited some negative Trump thoughts, but China's response - through the accompanying depreciation of the yuan may have been "I'm taking you with me." Such is the ugliness ...

Aussie fund manager drops fees

KARREN VERGARA  |  WEDNESDAY, 27 JUN 2018
K2 Asset Management is slashing the fees for its K2 Asian Fund, making it one of several funds to undergo fee restructures in the past year. From 2 July 2018, the K2 Asian Fund will charge a management fee of 1.36% as opposed to 1.54%. Performance fees ...

AZ NGA merges embattled advice firm

JAMIE WILLIAMSON  |  TUESDAY, 26 JUN 2018
AZ Next Generation Advisory confirmed Henderson Maxwell will merge with Pride Advice following Sam Henderson's exit from the financial advice industry. A spokesperson for AZ NGA said Henderson Maxwell clients have been informed the practice has ...

Chief economist update: Rate hike hawks in RBA dove's shadow

BENJAMIN ONG  |  TUESDAY, 26 JUN 2018
They're no mere mortals, they're three of the 10 highly-qualified and esteemed experts at the Centre for Applied Macroeconomic Analysis (CAMA) that currently sits as the CAMA RBA Shadow Board. They are Doctors Mark Crosby, Warwick McKibbin and ...

Chief economist update: Lessons from the last world trade war

BENJAMIN ONG  |  MONDAY, 25 JUN 2018
Most equity market investors are concerned but not yet alarmed at Trump's protectionist policies. This could be because the financial media is calling it a trade dispute, a trade spat and not a trade war (or is it because of the markets' relatively ...

Global manager hires former Wallaby, launches unit trust

DARREN SNYDER  |  FRIDAY, 22 JUN 2018
A former Australian rugby union centre is joining a UK-based equities manager as its managing director for Australia. The firm is also launching an Aussie-based global equities unit trust seeded with $130 million from an industry superannuation fund. ...

Sequoia sells direct equities business

ALEX BURKE  |  FRIDAY, 22 JUN 2018
Sequoia Financial Group noted the sale of its direct equities business in a market update. Sequoia said it was selling Sequoia Direct as part of a "simplication of its overall operation by reducing the number of AFSLs operated within the Sequoia group." ...