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AMP Capital revamps leadership team

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUL 2020
... AMP Capital has announced a raft of changes to its leadership team, including several departures, as it looks to drive its next phase of growth. The fund manager has expanded its leadership team to ensure representation of both clients and investment ...

Sovereign investors keen on gold, infrastructure

KANIKA SOOD  |  TUESDAY, 21 JUL 2020
... report which polled 139 institutions (83 sovereign funds and 56 central banks) with US $19 trillion at March end. Over the next 12 months sovereigns plan to continue allocating to fixed income. About 43% aim to increase their fixed income allocations ...

Hearts and Minds but no ratings

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... from "conference" managers. Every year, this portion of the portfolio is replaced by eligible long recommendations from the next Sohn Hearts and Minds Investment Leaders Conference. "Because of this, it's not a replicable portfolio; so a lot of the ...

No returns in sight for AAP investors

ALLY SELBY  |  TUESDAY, 21 JUL 2020
... donation. It came down to wanting to be involved in AAP surviving and supporting media diversity in Australia." Over the next two to three months AAP will recruit a board representative of the Australian community, McKinnon said, including professionals ...

Almost 2000 advisers gone so far in 2020

ELIZABETH MCARTHUR  |  TUESDAY, 21 JUL 2020
The first half of 2020 has seen almost 2000 financial advisers leave the industry amid a time of flux for the sector. In January, the ASIC Financial Adviser Register showed 23,682 active advisers, but now the register shows 21,913 advisers. That's ...

Government expands SME Guarantee Scheme

ANNABELLE DICKSON  |  MONDAY, 20 JUL 2020
... with a six-month repayment holiday. The second phase will commence on October 1 and will be available through to June 30 next year and extends the purpose of loans able to be provided beyond working capital so that a wider range of investment can be ...

Super to tip into negative cash flows: Research

ELIZABETH MCARTHUR  |  MONDAY, 20 JUL 2020
... That comes on top of the 40 funds who were already cash flow negative going into the COVID-19 crisis." He added that the next three years are likely to be critical for funds as they attempt to recover from COVID-19. "Decreasing funds under management ...

Stimulus stutters amid record unemployment

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... become more important for thinking about household incomes as will any tapering of the JobKeeper program that is announced next week." An announcement on JobKeeper from Prime Minister Scott Morrison is expected next week. Also scheduled to end soon was ...

Evans & Partners adds distribution lead

JAMIE WILLIAMSON  |  THURSDAY, 16 JUL 2020
... our client centric culture." Likewise, Wapshott said he is excited to be taking the international equities strategy to the next level. "The investment team has done a sterling job in terms of performance and client service in volatile markets and I'll ...

FSU secures super pay increases

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... AustralianSuper, HESTA, Hostplus and Media Super. AustralianSuper workers will receive a 14% rise and HESTA will see a 12% rise over the next four years, Hostplus employees will get a 10.5% and Media Super will receive 7.2% over three years. "In the ...