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Former Macquarie head of research joins Fidelity

ALEX BURKE  |  MONDAY, 12 MAR 2018
The former head of research for Macquarie's wealth management business has taken on a new role at Fidelity International. Richard Dinham joins Fidelity as head of client solutions and retirement. In this role, he will liaise with Fidelity's investment ...

Listed wealth group appoints state manager

JAMIE WILLIAMSON  |  FRIDAY, 9 MAR 2018
An ASX-listed financial services firm is welcoming a new state manager for NSW/ACT to grow its share of the independent financial adviser market. ClearView has promoted business development manager Michael Fox to the role, charged with building support ...

Global Merces launches managed funds regtech

KARREN VERGARA  |  FRIDAY, 9 MAR 2018
... fails to complete the application process, they are contacted by a fund administration team to provide personal details to close any gaps. Fund clients pay a fixed price of $50 to use the service. Global Merces founder and chief executive Holly Grofski ...

Future Fund reshuffles investment team

KARREN VERGARA  |  THURSDAY, 8 MAR 2018
The Future Fund is making several changes to its leadership team in an effort to simplify its structure and strengthen its investment, technology and risk functions. Its chief investment strategist will also leave in April. Raphael Arndt will continue ...

Global asset manager rebrands

KARREN VERGARA  |  THURSDAY, 8 MAR 2018
Natixis Asset Management will rebrand to Ostrum Asset Management as of April 3 in a bid to expand its partnerships and refocus its investment strategies. The move is part of the asset manager's European parent, Natixis Investment Managers, aligning ...

Super funds call for SG increase to aid women

JAMIE WILLIAMSON  |  THURSDAY, 8 MAR 2018
AustralianSuper and Human Super support a mandatory increase to the superannuation guarantee for women in a bid to close the superannuation gap. Both super funds are lobbying for a mandatory 12% SG contribution, stating the 2.5% increase would make ...

SMSF industry hails ATO appointment

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
The SMSF Association welcomed the appointment of a new assistant commissioner, self-managed superannuation funds to the Australian Taxation Office. KPMG partner Dana Fleming succeeds Kasey Macfarlane in the role and brings more than 20 years' experience ...

MLC, ANU boost alternatives strategies

KARREN VERGARA  |  TUESDAY, 6 MAR 2018
... (55%) and private debt (47%) to replace fixed income as interest rates rise and the 30-year bond bull market comes to a close. While alternative investments can present a range of portfolio risks, three-in-four (74%) investors said potential returns ...

L1 Capital targets $500m for long short LIC

ALEX BURKE  |  TUESDAY, 6 MAR 2018
L1 Capital has opened the initial public offering for its Long Short Fund listed investment company (ASX:LSF), seeking to raise $500 million. The LIC derives its investment strategy from the unlisted Long Short Fund, which is closed to new investors ...

AXA inks $20 billion deal, pivots insurance business strategy

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
... alignment," he said. A drop in AXA's share price followed the announcement, dropping from €23.55 to €22.62 at market close. It is yet to be seen how the change in strategy will impact the IPO of its US operations, as announced in November 2017. The ...