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Clime courts Madison Financial Group

KANIKA SOOD  |  MONDAY, 11 MAY 2020
... advice businesses," Bristow said at the time. "With private wealth, our goal is to double the number of clients over the next three years," he said at the time. Clime has since launched a new income fund, and SMA portfolios.

Active share, past outperformance can predict returns

KANIKA SOOD  |  MONDAY, 11 MAY 2020
... equities between July 2007 and June 2016. The sample reported an average alpha of -0.52% a year and an active share of 81%. Next, it looked at predictability of future returns for managers that outperformed in past and have a high active share. "We find ...

Dividends take hit, but will recover

ALLY SELBY  |  MONDAY, 11 MAY 2020
... existing shareholders," Price said. Dividends too will rebound faster than that seen during the GFC, he argued. "Over the next six months dividends may fall slightly more than the GFC as a result of a number of companies suspending their dividends temporarily," ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 11 MAY 2020
... declared COVID-19 a pandemic). Then again, in the current world of high volatility, one day's gain could be wiped out the next. Still, the US equity market's benchmark equity indices are showing renewed strength at the margin. Here are the stats ...

FASEA extension to pass next week

ELIZABETH MCARTHUR  |  FRIDAY, 8 MAY 2020
... about the extension to FASEA requirements. Hume confirmed the legislation would be listed on the Senate sitting calendar next week as non-controversial, meaning both parties agree it should pass. FPA head of policy and standards Ben Marshan said that ...

Superannuation fund appoints co-founder

KANIKA SOOD  |  FRIDAY, 8 MAY 2020
... Greens and a former leader of GetUp. The fund was planning to raise money earlier this year but postponed the raise into the next financial year.

ERS paused as AFP investigates fraud

ELIZA BAVIN  |  FRIDAY, 8 MAY 2020
... systems. These are flat out fraud." Sukkar said that while the applications being sent to funds are paused, they will resume next week to allow time for a proper investigation. "We want the ATO today, out of an abundance of caution, to make sure that ...

Kiwi investment firm nabs Aussie talent

ALLY SELBY  |  FRIDAY, 8 MAY 2020
... based on our commitment to delivering the best possible outcomes for clients," he said. "It's exciting to be entering this next chapter of our Australia strategy."

Link feels impact of COVID-19

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2020
... managing director John McMurtrie said himself and Link chair Michael Carapiet have taken pay cuts to the tune of 50% over the next six months in response to COVID-19. Link's board and executive team have also taken cuts in the order of 20%. McMurtrie ...

Cbus ready to deploy cash

KANIKA SOOD  |  THURSDAY, 7 MAY 2020
... thinking about bringing a resource in house but its subject to be considered once we have more clarity on where we sit over the next six months," he said.