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Economic recap: Week to September 10

BENJAMIN ONG  |  MONDAY, 13 SEP 2021
... will be growing again in the December quarter and is expected to be back around its pre-Delta path in the second half of next year." That's about as clear as any central banker could put it. This is also a clear departure from former US Federal Reserve ...

EQT gets 10 more days of due diligence at Iress

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... segment profit of $77 million. It gave guidance for full-year segment profit between $164 million and $168 million for the next half.

Vanguard Australia appoints new managing director

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... and with a stronger focus on working directly with investors and the advisers that serve them. The launch of Vanguard super next year will be an exciting step forward on that journey to help Australian investors achieve their financial goals."

EISS Super chief executive exits

KANIKA SOOD  |  FRIDAY, 10 SEP 2021
... at the fund, citing unnamed employees. "I am looking forward to taking some time out before considering what I want to do next. The timing is right for me and it's right for the fund," Hutchison said of his departure. Earlier this year, the fund ...

Apollo expands in Australia, acquires fund manager stake

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
... partnership is a watershed moment and a key component of our team's long-term strategic plan. Now we are looking forward to the next phase of MaxCap' s growth and to delivering further client value together with a partner who shares our vision and strategy," ...

AZ NGA takes stake in boutique

ANNABELLE DICKSON  |  WEDNESDAY, 8 SEP 2021
AZ Next Generation Advisory acquired a minority stake in Cranage Financial Group to assist in building scale. Cranage Financial Group is a self-licensed advisory firm with $300 million in funds under management, $2 million in annual in-force life insurance ...

Morningstar business development lead to exit

JAMIE WILLIAMSON  |  WEDNESDAY, 8 SEP 2021
... on the search for his replacement. "The new head of business development will be tasked with leading the team through the next phase of growth as we remain committed to empowering the success of advisers and individuals - and those that serve them," ...

Fiducian expands NZ footprint

JAMIE WILLIAMSON  |  WEDNESDAY, 8 SEP 2021
... the top performing emerging markets fund for the year ending June 30 with a whopping 58.3% return. It was well ahead of the next best performers; the Pendal Asian Share Fund on 47.8% and the Premium Asia Fund on 46.2%.

APAC pension funds fastest growing: Study

JAMIE WILLIAMSON  |  TUESDAY, 7 SEP 2021
... "As this activity continues, we could see two or three Australian funds break into the top 20 funds in the ranking over the next five years," he said. "And, consistent with this growth, we are seeing the largest funds adapt their investment and operating ...

Pinnacle to increase stake in Coolabah

KANIKA SOOD  |  MONDAY, 6 SEP 2021
... company filings. "This transaction is partly motivated to help facilitate ongoing intergenerational recycling of equity to the next cohort of CCI's leaders." Pinnacle plans to use proceeds from its FY21 dividend reinvestment plan to buy the additional ...