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Who should be in the 2014 #fsPower50?

MICHELLE BALTAZAR  |  FRIDAY, 3 OCT 2014
Who will make it to this year's list of the top 50 social media influencers in financial services? The search begins. Last year, Financial Standard launched the inaugural Financial Standard Power 50 (#FSPOWER50) : our list of 50 financial services professionals ...

First State Super cuts investment fees

JAMES FERNYHOUGH  |  TUESDAY, 30 SEP 2014
... super fund fee study, First State Super's MySuper products have Total Expense Ratios of 0.66% placing them well inside the top 10 for lowest cost MySuper products. The latest fee move by the fund is likely to see this position improve further and make ...

Global re-regulation takes shine off investment banks

ALEX DUNNIN  |  MONDAY, 29 SEP 2014
... this CAM cited a McKinsey study that predicts "a 4% hit on ROE on capital markets and investment banking divisions in the top 13 players over the coming years". Lars Wincentsen, a portfolio manager for CAM who visited Australia this month said: "new ...

'Bond King' Bill Gross leaves Pimco

AAP  |  SATURDAY, 27 SEP 2014
... Gross's departure on Pimco's business. In announcing Gross' move, Pimco CEO Douglas Hodge alluded to tension between Gross and top managers. For his part, Gross noted in a statement he was looking forward to not having to face "many of the complexities ...

Unconstrained fixed income funds gaining institutional support

ALICE URIBE  |  THURSDAY, 25 SEP 2014
... and according to Henderson Global Investors Australia executive chairman Rob Adams, both institutional investors and the "top end" of the retail market are positive about the fund's strategy. "This means that people are aware that they are going to have ...

Alibaba co-founder tops China rich list

STAFF WRITER  |  THURSDAY, 25 SEP 2014
... of US$25 billion, according to a new survey. Ma, who founded the Chinese e-commerce giant from his apartment, reached the top of the wealth list by Hurun Report for first the first time, Fortune magazine reports. He beat out Wanda Group chairman Wang ...

Cbus, NZ Super join Mercer climate change risk study

JAMES FERNYHOUGH  |  TUESDAY, 23 SEP 2014
Cbus and the New Zealand Super Fund have joined a number of international investors backing Mercer's new study of the investment risks and returns under climate change scenarios. Mercer said the study would be "framed by several plausible climate scenarios ...

AustralianSuper to charge for over-the-phone advice

JAMES FERNYHOUGH  |  TUESDAY, 23 SEP 2014
AustralianSuper has told members it will soon start charging for over-the-phone advice relating to transition to retirement strategies. In a letter to members, the $75 billion fund said that from 1 November this year, "a fee of $295 may be charged ...

Market Wrap AM

AAP  |  TUESDAY, 23 SEP 2014
... unimpressed after the Group of 20 said the world's biggest economies were on track to achieve an extra 1.8 per cent growth on top of current projections within five years. Tokyo slipped 0.71 per cent, or 115.27 points to 16,205.90 on Monday, while Sydney ...

BetaShares launches US equity ETF

MARK SMITH  |  MONDAY, 22 SEP 2014
... lower overall volatility than the benchmark. BetaShares' yield-focused Australian equities product, the BetaShares Australian Top 20 Equity Yield Maximiser Fund (managed fund) (YMAX), employs a similar strategy. The company said that product has attracted ...