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Chief economist update: Wisdom of the crowd

BENJAMIN ONG  |  MONDAY, 21 MAY 2018
... with that of the one before (most up). To be sure, the spike in the 10-year US Treasury yield to above 3% (3.07%) at the close of last week's trading didn't help. The rationales came in fast and thick: increasing US budget deficit; reduced Fed ...

Private debt attractive for instos: Sahota

KANIKA SOOD  |  FRIDAY, 18 MAY 2018
... Management, in December 2017 in a partnership with Channel Capital. The new asset management firm confirmed it is expecting to close its first fund in the third quarter of 2018. It is also in talks for customised investment solutions. The strategy will ...

Advisers struggling with SMSF diversification

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
... liquidity (42%) and product costs (41%). SMSF Association chief executive John Maroney said the sector continues to evolve with close to 2000 new funds being established each month. Further, 154,050 trustees projected to move into retirement within five ...

Managed accounts aid adviser time management

JAMIE WILLIAMSON  |  FRIDAY, 18 MAY 2018
Financial advisers using managed accounts are saving an average of 12.4 hours per week on portfolio management tasks, according to research from NAB and Investment Trends. The report shows using a managed account structure shaves the most time off investment ...

Argo chairman retires

HARRISON WORLEY  |  FRIDAY, 18 MAY 2018
... its statement Argo's LIC said the board held the view that it benefited greatly from sharing its chair with Argo given the close relationship between the two. Martin said his retirement was in accordance with Argo's tenure policy. "It has been a great ...

PIMCO and Allianz begin hiring spree for new business

ALEX BURKE  |  THURSDAY, 17 MAY 2018
... mentioned above, will be based in Sydney. Speaking to Financial Standard, Stewart said PIMCO was "very excited to be getting close to going live with the next generation of retirement income products." He said that by bringing together the global expertise ...

Pension fund CIO departs

JAMIE WILLIAMSON  |  TUESDAY, 15 MAY 2018
The chief investment officer at one of the world's largest pension funds has resigned, citing family reasons. The California Public Employees' Retirement System (CalPERS) announced Ted Eliopoulos will leave at the end of the year, with the search ...

Advice fintech shutters Sydney office

ALEX BURKE  |  TUESDAY, 15 MAY 2018
As part of a strategic review, an ASX-listed Australian fintech targeting the financial advice market will close its Sydney office and reduce three sales and customer service staff. Intiger said the decision came about because the review "reaffirmed ...

Chief economist update: All Ords rising

BENJAMIN ONG  |  TUESDAY, 15 MAY 2018
Six index points or 0.1% is all the All Ordinaries index needs to add to by the close of today's trading activity and it would match the decade-high (January 2008) closing level of 6241.46 points recorded on January 9 this year. As at yesterday's ...

Vertical integration needs overhaul: Poll

KANIKA SOOD  |  MONDAY, 14 MAY 2018
... The majority (39%) came out strongly in favor of a remodeling while the cohort that agreed, but not strongly, came in a close second (32%). Flaws in vertically integrated models were a key takeaway as Senior Counsel Assisting Rowena Orr wrapped up the ...