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Zenith hires consultants from Lonsec

KANIKA SOOD  |  FRIDAY, 18 SEP 2020
Zenith Investment Partners has hired two consultants from Lonsec, including the latter's deputy head of active manager research. Shailesh Jain will work as a senior investment consultant at Zenith, focussing on its client and platform relationships. ...

Aware Super, Lendlease execute $200m recapitalisation

ALLY SELBY  |  FRIDAY, 18 SEP 2020
... loans on assets in Boston and Chicago, working with Japan's Sumitomo Mitsui Banking Corporation and Singapore's OCBC Bank to close the deals. Lendlease and Aware Super - formerly First State Super - established a $2 billion investment partnership in ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 18 SEP 2020
"Australians all let us rejoice... in joyful strains then let us sing, Advance Australia Fair." It wasn't supposed to go this way. Given the re-imposition of lockdown in Melbourne and most Australian states "closed border" policy, financial markets ...

Zurich distribution chief joins boutique

JAMIE WILLIAMSON  |  FRIDAY, 18 SEP 2020
... Kerr joined Zurich last year as part of the OnePath transition, having served as head of life insurance at ANZ Wealth for close to seven years. The spokesperson said the retail portfolios are being combined for unification and efficiency purposes and ...

Female ASX 200 chiefs fall

ALLY SELBY  |  THURSDAY, 17 SEP 2020
... know that companies achieving gender balance in leadership roles are overcoming these barriers." ASX 200 companies were close to reaching gender balance in terms of functional roles, with 37% of these positions held by women (up from 30% four years ago). ...

Portfolio insurance provides strong protection: Research

ELIZA BAVIN  |  THURSDAY, 17 SEP 2020
Australians need to consider more sustainable income flows as a future investment objective or risk not having adequate retirement savings, according to research from the Centre for Excellence in Population Ageing Research (CEPAR). CEPAR senior research ...

Netwealth takes stake in Aussie fintech

ANNABELLE DICKSON  |  THURSDAY, 17 SEP 2020
Wealth management company Netwealth has announced its investment and partnership with data solutions fintech Xeppo. Netwealth purchased a 25% stake in Xeppo with the option to increase its holding to 50% in the future but noted the investment is not ...

Lonsec to sell 37% stake to Generation

KANIKA SOOD  |  THURSDAY, 17 SEP 2020
... underwriters. About 50 million new GDG shares will be issued at 70 cents a share, which is 16.7% discount to yesterday's close. Lonsec selling a stake follows Zenith last year selling a stake to a private equity group, and Chant West this year selling ...

APRA, ACCC sign new MoU

ALLY SELBY  |  TUESDAY, 15 SEP 2020
The Australian Prudential Regulation Authority and the Australian Competition and Consumer Commission have signed an updated memorandum of understanding in a bid to increase information sharing, coordination, and cooperation between the two regulators. ...

Melbourne boutique raising $70m for new fund

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
... to 5% will be income distributed quarterly. The fund has a few investments in the pipeline, with first deals expected to close by the end of the year. For assets for the fund, it will look across renewable energy infrastructure (like large scale solar ...