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Taxing times

BENJAMIN ONG  |  MONDAY, 13 NOV 2017
It's beginning to look a lot like the Grinch will steal Christmas 2017 and investors would be happy just to get the two-front teeth in their hanged stockings. That's the feeling many an investor would get upon the reading the nasty news, exemplified ...

ATO affirms SMSF event-based reporting rules

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
Self-managed super funds (SMSFs) with a balance of $1 million or more will be subject to an event-based reporting regime from 1 July 2018, the Australian Tax Office announced. SMSF members have 28 days after the end of the quarter to report an event ...

Perennial LIC extends investment mandate

ALEX BURKE  |  FRIDAY, 10 NOV 2017
... change, plus the strong relative performance of the small caps portfolio, has resulted in the small caps allocation being close to the 20% limit as at 30 September 2017." Schoenheimer said that even though Perennial had been pushing up against this limit ...

Northern Trust grows APAC team with Sydney hire

DARREN SNYDER  |  WEDNESDAY, 8 NOV 2017
A former general manager for the ASX's clearing services is joining Northern Trust as its lead for market advocacy and innovation research across the Asia-Pacific region. Joining Northern Trust's Sydney office as a senior vice president is Danielle ...

BTIM delivers record profit despite fee pressure

ALEX BURKE  |  WEDNESDAY, 8 NOV 2017
BT Investment Management boosted its cash net profit after tax by 11% to $173.1 million, despite a 51% dip in performance fee earnings. The profit was mostly driven by strong net inflows of $4.7 billion; the boost in funds under management - up 14% ...

AXA IM appoints APAC lead for real assets

JAMIE WILLIAMSON  |  WEDNESDAY, 8 NOV 2017
AXA Investment Managers' real assets division appointed a head of Asia Pacific, having identified the region as key for the firm's geographical expansion. Currently serving as European head of transactions, Laurent Jacquemin has been promoted to lead ...

Beyond 6000

BENJAMIN ONG  |  WEDNESDAY, 8 NOV 2017
After three attempts over the past 10 years, the S&P/ASX 200 index finally got there - it broke above the formidable 6000-point resistance level. The Australian equity market's benchmark index closed up by 1% yesterday - a hefty day index return by ...

Former Lehman Brothers chief unveils new asset manager

ALEX BURKE  |  TUESDAY, 7 NOV 2017
The creation of a new US asset manager represents former Lehman Brothers chief executive Dick Fuld's most public Wall Street comeback since Lehman's collapse in 2008. Targeting high net worth individuals, family offices and institutions, Matrix Private ...

Changed RBA rate expectations?

BENJAMIN ONG  |  MONDAY, 6 NOV 2017
Financial markets got what they wished for from the world's three biggest central banks that met last week. The Bank of Japan (BOJ), the Fed and the Bank of England (BOE) all delivered as expected but not without help from the repeated and reiterated ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
The Bank of England (BOE) did what it said it would do -- it lifted the Bank Rate by 25 basis points to 0.5% following its 2 November monetary policy council meeting (MPC). The announcement marks the first time in more than a decade that the BOE raised ...