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Future Fund delivers 5.8%

KANIKA SOOD  |  MONDAY, 11 FEB 2019
... for trimming down some of its private markets assets. "We are looking to add flexibility to prepare the portfolio for the next 10 years which we think will be [more challenging] as compared to the previous 10 years," Future Fund chief executive David ...

Fearless Girl comes to Melbourne

KARREN VERGARA  |  FRIDAY, 8 FEB 2019
... State Street Global Advisors in 2017 in light of International Women's Day. It will stay in Federation Square for the next two years, before moving to a permanent home in the Melbourne CBD. HESTA chief executive Debby Blakey said Fearless Girl is ...

Former ambassador assesses US-China trade deal

KANIKA SOOD  |  THURSDAY, 7 FEB 2019
... key points for negotiating a new trade deal with China. The US Treasury Secretary Steven Munchin is due to visit Beijing next week to negotiate, as the clock ticks on the US's Chinese imports that could be charged a 25% tariff (up from 10%) starting ...

Equity investors will struggle in 2019: Baur

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... workers in the UK, US, Europe and Japan, he said. That competition is going to go away and middle-class wages may indeed be the next bull market, Baur said. Further, Baur forecasted the current state of the economy to be the longest expansion in US history ...

Chief economist update: The RBA capitulates

BENJAMIN ONG  |  THURSDAY, 7 FEB 2019
... vindicated by RBA Governor Philip Lowe's change of heart with regards to guidance on Australian monetary policy. The next move in "interest rates is likely to be up rather than down" is no more! In his address to the National Press Club of Australia ...

Sequoia chief resigns

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... group effective February 4. In November 2018, Beeton flagged he would transition out of the chief executive role over the next six months. He joined Sequoia in December 2009 as managing director and became chief executive in December 2014. Executive ...

Chief economist update: Time for an RBA shift to neutral

BENJAMIN ONG  |  MONDAY, 4 FEB 2019
... keep the official cash rate unchanged at a record low 1.5%. And they will! The $64 million question is what the RBA will do next. According to Westpac chief economist Bill Evans: "At the beginning of 2018 when Westpac was predicting the cash rate would ...

Royal Commission to suppress bank stocks

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... bad doubtful debts, which will also impact the banks' profitability, he said. It's reasonable to expect that the next few years for the banks will be challenging, Arnold said, adding that this correction was only inevitable given the loose lending ...

Chief economist update: La vita is no longer e bella

BENJAMIN ONG  |  FRIDAY, 1 FEB 2019
... GDP target for this year and raise government debt to GDP ratio from the current 132% - the second biggest in the Eurozone next to Greece's 179% - causing another spike in Italian bond yields.

Mercer names new people and culture lead

KARREN VERGARA  |  THURSDAY, 31 JAN 2019
... strong brand in the market with enormous opportunities ahead. We're in a transformative time with the emergence of a next generation workforce."