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| | | J.P. Morgan Asset Management (JPMAM) has signed a Memorandum of Understanding (MoU) with Qatar's sovereign wealth fund Qatar Investment Authority (QIA) to establish a $28 billion (US$20bn) partnership to support ongoing investments initiatives, as well ... |
| | | | The Federal Reserve has lifted its interest rate for the first time in more than three years, contributing to the ongoing adversity the global economy is facing, especially in Australia. The Fed has called a rate hike overnight, increasing the interest ... |
| | | | My Dealer Services (MDS) has called on Treasury to assess the Financial Services Council's (FSC) latest proposal to lift levies paid by licensees to ASIC, which it describes as an "attack" on small licensees. MDS has written to the Treasury to intervene ... |
| | | | Investors are pricing in more risk for listed private credit vehicles, which are structured as listed investment trusts (LITs), with some trusts trading at a discount of 25% of their net asset value (NAV), according to Morningstar. Property developer ... |
| | | | Stockbroking and investment advice firms need to broaden their approach to attracting and retaining talent as the profession prepares for a major shift in clients and wealth, according to a new report from the Stockbrokers and Investment Advisers Association ... |
| | | | The Administrative Review Tribunal has affirmed ASIC's decisions to ban two former financial advisers from InterPrac Financial Planning and Financial Services Group Australia (FSGA) who were involved in the Shield and First Guardian master funds ... |
| | | | ... it's just tightened and most dovish when it has just eased." Prior to Hauser's comments, Westpac revised its RBA call, reinstating a 25 basis points November rate hike. "Domestic demand is proving more resilient than we had anticipated, buoyed ... |
| | | | A Senate committee tore into Equity Trustees' governance at a hearing today, with one senator calling its approach to onboarding Shield and First Guardian a "checklist model", a characterisation the trustee rejected. The committee revealed Equity ... |
| | | | DWS Group announced that it will introduce a new global brand to reinforce its German and European heritage, reflecting its growth across regions and client segments. Effective early November, the group will be identified as Deutsche Asset Management ... |
| | | | ASIC has banned former Sequoia Financial Group managing director and chief executive Garry Crole for 10 years, following the events that unfolded under his leadership. Crole was a director of InterPrac Financial Planning from 20 August 2004 to 1 December ... |
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