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CFSGAM cuts long-standing investment capabilities

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2018
... its global resources investment capability. CFSGAM has confirmed its 25-year-old Australian Equities, Core capability will close and its Australian Equities Core Income investment team will form a standalone equity income capability. This will allow ...

Chief economist update: As luck would have it

BENJAMIN ONG  |  FRIDAY, 23 FEB 2018
... following an extended period of strong investment. Members also noted that Chinese steel production per capita was likely to be close to its peak and that growth in Chinese steel production would not add much to global demand for iron ore in the future." ...

ASFA slams Grattan's super proposals

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
The Association of Superannuation Funds of Australia (ASFA) has slammed the Grattan Institute's key proposals to close the persistent gender gap in superannuation. Grattan Institute fellow Brendan Coates authored a white-paper that said superannuation ...

Bell FG flags US expansion

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
ASX-listed Bell Financial Group announced a strong full-year performance and flagged it is close to opening a US office. The stockbroking, investment and financial advisory firm's funds under advice, comprising cash, fixed income, superannuation, margin ...

Employers of choice work to close super gap

JAMIE WILLIAMSON  |  WEDNESDAY, 21 FEB 2018
... women's, organisations developing policies to address this issue for their female employees are going a long way in helping to close the ever growing retirement gap," the WGEA said. WGEA director Libby Lyons said: "I am particularly delighted to see ...

JPMAM consolidates insto and retail distribution

DARREN SNYDER  |  TUESDAY, 20 FEB 2018
The head of J.P. Morgan Asset Management's Australian institutional business will depart following a strategic review of the insto and retail distribution teams. After about four years in the role, Stephen Alcorn is searching for new opportunities. ...

WAM calls to remove Aurora as RE of listed trust

ALEX BURKE  |  TUESDAY, 20 FEB 2018
... conditions. The relevant condition in this case was that "no material transactions" would occur between November 8 and the close of the offer. However, on December 11, Molopo updated shareholders regarding its investment in Florida oil and gas exploration ...

L1 Capital prepares for LIC IPO

JAMIE WILLIAMSON  |  TUESDAY, 20 FEB 2018
L1 Capital appointed a syndicate of broking firms as it prepares to float its Long Short Fund listed investment company. NAB will lead the IPO, while Crestone, Morgans, Morgan Stanley, Ord Minnett, Taylor Collison and Wilsons will serve as co-lead managers ...

BetaShares shareholder buys $13 billion fund manager

JAMIE WILLIAMSON  |  TUESDAY, 20 FEB 2018
... that we will be able to continue to deliver high quality products and services," Lee said. The transaction is expected to close later this year, pending requisite third-party approvals, including certain regulatory matters and necessary ETF board and ...

ATO closely monitoring SMSF balance caps

KARREN VERGARA  |  MONDAY, 19 FEB 2018
... monitoring self-managed super funds (SMSF) that breach the transfer balance cap and has already issued several alerts to members close to breaching the cap. ATO deputy commissioner for superannuation James O'Halloran told the 2018 SMSF Association National ...