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Boutique fund manager appoints chief executive

KANIKA SOOD  |  WEDNESDAY, 3 APR 2019
... to maintain their focus on investing, without being distracted by business management. The Ardea Real Outcome Fund is the top performing absolute return fixed income strategy in the Mercer Survey of Australian Absolute Return funds over three and five ...

Chief economist update: Rosy assumptions a Budget surplus make

BENJAMIN ONG  |  WEDNESDAY, 3 APR 2019
... increasing spending on infrastructure, and health, and education, and older Australians, among others. Getting extra dosh on top of a Budget surplus; you've got to hit the like button. But as previous Federal Treasurers would agree, the Budget predictions ...

JPMorgan portfolio manager leaves

KANIKA SOOD  |  TUESDAY, 2 APR 2019
... November 2012. "There are no changes to the funds' investment strategy. Maintaining continuity of the investment process is our top priority and we are confident in the strength and depth of our investment talent and our well-resourced, globally integrated ...

Chief economist update: China stitches it in time

BENJAMIN ONG  |  TUESDAY, 2 APR 2019
... deficit target raised to 2.8% from 2.6% last year with CNY2.0T [US$298 billion] in tax cuts announced, including a 3% cut to top bracket VAT rate. Raised local government special bond issuance to CNY2.15T from CNY1.3T last year to aid infrastructure ...

AMP Capital invests in student accommodation

KANIKA SOOD  |  MONDAY, 1 APR 2019
... large-scale portfolio of beds now provides our investors with access to long-term inflation-linked contracts with Australia's top [three] ranked universities." The accommodation was managed by H.R.L. Morrison and Co on behalf of ASX-listed Infratil ...

Financial services industry digs deep for charity

ELIZABETH MCARTHUR  |  MONDAY, 1 APR 2019
... night, with the 2019 FICAP RockStar of the Year Award went to Jodie Hanson from ANZ for her rendition of 'Long Way to the Top'. Meanwhile, People's Choice went to Matt Okkerse from Ausbil for his take on 'Jailbreak'. Best Male Artist went to Kristen ...

Channel Capital signs on new partnership

KANIKA SOOD  |  FRIDAY, 29 MAR 2019
... from financial advisors, intermediaries, platforms, private banks and their underlying clients for an institutional grade, top performing and differentiated Emerging and Frontier market strategy that could complement their existing portfolios." "After ...

Zurich Investments shuts down fund

KANIKA SOOD  |  THURSDAY, 28 MAR 2019
... of its funds. "It is certainly something that we have considered. Perhaps there is potential down the track but it is not top of mind right now," he said. At the same time, it may tighten its product line by shutting existing funds. "There are other ...

J.P. Morgan appoints new local chief

KANIKA SOOD  |  THURSDAY, 28 MAR 2019
... executive for its business in Australia and New Zealand, as the incumbent moves into an APAC role. Robert Bedwell is taking the top job after working as the head of sales and marketing. Bedwell moves into the role as current local chief executive Paul ...

Industry Super Holdings slammed for weapons investment

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2019
... "supply high-tech killing machines" to Saudi Arabia and the United Arab Emirates, SumOfUs wrote on its website. "Australia's top defence officials last week refused to rule out that these weapons will be used in Yemen," it said.