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No tears for China's disappointing data

BENJAMIN ONG  |  TUESDAY, 15 MAR 2016
There was very little financial market reaction to China's latest data dump. This could be because the stats only confirmed what markets already know - i.e., China's economy is slowing - or they've discounted the disappointing numbers as due to seasonal ...

Arnhem adds two more to growing team

MARK SMITH  |  FRIDAY, 11 MAR 2016
Australian equity specialist Arnhem Investment Management has made appointments to its investment and distribution teams. Former Citi investment research analyst Gino Rossi joins Arnhem's nine-strong investment team and will be responsible for the healthcare ...

HUB24 hires regional manager from BT

MARK SMITH  |  THURSDAY, 10 MAR 2016
Platform provider HUB24 has appointed a former BT Financial Group executive to a new regional manager role. Based in Perth, Greg Newman will be responsible for the retail distribution and key account management for HUB24 in Western Australia, and will ...

Wilson AM commits to Pledge 1% philanthropy movement

MARK SMITH  |  WEDNESDAY, 9 MAR 2016
Wilson Asset Management has joined Pledge 1%, a global corporate philanthropy movement that commits to donating 1% of product, 1% of equity, or 1% of employee time to improve communities around the world. Speaking at the Nexus Australia Youth Summit ...

New engagement tool for super funds

DARREN SNYDER  |  TUESDAY, 8 MAR 2016
A new video-based member engagement tool is expected to provide answers for superannuation funds wanting an online, interactive customer service solution in their increasingly competitive industry. Leveraging off its previous work with Australian super ...

SMAs driving growth at fund manager Altair

MICHELLE BALTAZAR  |  MONDAY, 7 MAR 2016
Australian shares and income fund manager Altair Asset Management are seeing more demand for its managed accounts solutions, signing two major planning groups in recent months and close to wrapping up one other. Founder and chief investment officer ...

Zurich buys Macquarie Life

MARK SMITH  |  FRIDAY, 4 MAR 2016
... Macquarie Life's products will continue to be offered to new customers under the Macquarie brand up until the completion of the sale. "Macquarie Life is a highly regarded business with a strong brand and a well-deserved reputation for excellence in product ...

With pretty numbers like these, who needs a rate cut?

BENJAMIN ONG  |  FRIDAY, 4 MAR 2016
At the time of this writing, the A$ is fetching around US$0.7350 - after appreciating from US$0.7175 to US$0.7295 after the National Statistician released the Australian economy's scorecard that showed much higher growth than expected in the last quarter ...

ANZ Wealth alternatives head departs

ALEX BURKE  |  THURSDAY, 3 MAR 2016
The head of alternative investments at ANZ Wealth will leave the company tomorrow. Simon Ford has managed ANZ Wealth's real estate, hedge funds, private equity, infrastructure, credit, commodities and insurance investments for six years, having joined ...

US resistance to DOL fiduciary rule gathers pace

ALEX DUNNIN  |  WEDNESDAY, 2 MAR 2016
Momentum is building against the US Department of Labor's (DOL) proposed fiduciary rule for retirement advisers with House Speaker Paul Ryan now joining the critics. The DOL has been working on expanding the fiduciary obligation since the GFC when millions ...