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Sydney residential property slumps

KANIKA SOOD  |  MONDAY, 7 JAN 2019
... CoreLogic. Sydney dwellings values fell 8.9% over the year and total returns were -5.7%. Melbourne residential properties came close with a 7% loss in value and -3.8% loss in total returns. The best performing housing markets in 2018 were Hobart, where ...

ACCC close to approving tobacco-free certification

KARREN VERGARA  |  MONDAY, 31 DEC 2018
Non-profit organisation Tobacco Free Portfolios is pushing to trademark 'tobacco-free' with Australia's competition watchdog and for the benefit of investors. The ACCC said it is considering accepting Tobacco Free Portfolios' application ...

Sahota's fund makes first close

KANIKA SOOD  |  FRIDAY, 21 DEC 2018
Bob Sahota's private debt fund has made its first close, attracting an investor base of superannuation funds, family offices and other sophisticated investors. The Revolution Private Debt Fund I announced a first close on Wednesday. A second close is ...

Frontier Advisors builds investment team

KANIKA SOOD  |  FRIDAY, 21 DEC 2018
Frontier has hired a senior consultant for its equities research team as it recruits for key senior roles across the business. James Gunn will start in the senior consultant role on January 7, working closely with Frontier's head of equities research ...

Chief economist update: Fed fail

BENJAMIN ONG  |  THURSDAY, 20 DEC 2018
... likely to expand at a moderate pace over the second half of 2007, with growth then strengthening a bit in 2008 to a rate close to the economy's underlying trend" and so was his re-assurance that the then developing subprime crisis would be contained. ...

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
NAB executives were slammed for destroying shareholder value and for losing its lead as Australia's biggest bank by market capitalisation at its annual general meeting in Melbourne this morning. One shareholder during the question and answer session ...

ASIC sharpens focus on managed accounts

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
ASIC will keep a closer eye on managed accounts in 2019, which will involve scrutinising the financial advice provided in more detail. In its 2018-22 Corporate Plan, the corporate regulator announced a new project reviewing the practices of managed ...

Former Paradice managers launch LIT

KANIKA SOOD  |  MONDAY, 17 DEC 2018
A small and mid-cap boutique set up by two former Paradice Investment Management portfolio managers has converted its $440 million strategy to a listed investment trust. Ophir Asset Management's High Conviction Fund has delivered 20.2% per annum ...

Adviser exam draft legislation released

JAMIE WILLIAMSON  |  MONDAY, 17 DEC 2018
... quarterly and every two months for existing advisers during 2020. Consultation on the draft legislation is now open and will close on 4 January 2019.

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... paper outlining the retirement income risk measure and the method of calculation is also up for consultation. Submissions close on 23 March 2019. The initiative is part of the Retirement Income Covenant Position Paper released in May 2018. Assistant ...