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Melbourne boutique shutters under passive pressure

JAMIE WILLIAMSON  |  THURSDAY, 2 NOV 2017
The rise of passive investment and superannuation fund internalisation has led to a Melbourne-based Australian equities boutique terminating its only fund. In a letter to unitholders, Concise Asset Management said it has reluctantly decided to wind ...

SMSF balance gap to close: Report

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
The superannuation reforms could narrow the growing self-managed super fund balance gap between male and female members, latest Class insights show. Men typically have 37% more assets than women, and between the ages of 60 and 80 men can retire with ...

CFS annuities hits $1bn milestone

KARREN VERGARA  |  TUESDAY, 31 OCT 2017
Colonial First State's annuities business has reached $1 billion in funds under administration (FUA) in just over two years. Acting general manager of product Sam Wall said reaching this milestone in a short amount of time is testament to CFS's commitment ...

Banks will step out of wealth: Medcraft

DARREN SNYDER  |  TUESDAY, 31 OCT 2017
... but legal conduct - the stuff where you go 'it's legal but shocking.' I think the days of that are probably coming to a close because of social media and the 24-hour news cycle." He said a board's most important decision is appointing the chief executive ...

RG97 reshaping multi-asset strategy: Zenith

ALEX BURKE  |  TUESDAY, 31 OCT 2017
Latest Zenith research argues that while RG97 was introduced to raise cost disclosure standards for investors, it's having a more significant and largely unnoticed long-term effect on investment strategy. Zenith's 2017 Multi-Asset (Diversified) Sector ...

ECB schedules taper

BENJAMIN ONG  |  FRIDAY, 27 OCT 2017
... is confident over the economy's strengthening growth momentum, inflation remains below the bank's objective - below but close to 2%. Recent stats bear this out. Eurozone GDP growth accelerated to 2.3% in the year to the June quarter. This is the fastest ...

Aurora finalises Hastings takeover bid

ALEX BURKE  |  MONDAY, 23 OCT 2017
Aurora Funds Management finalised its takeover bid for all ordinary units in the Hastings High Yield (HHY) Fund. Acting as the responsible entity for both the Aurora Global Income Trust (AIB) and HHY, Aurora closed the takeover bid on October 13. The ...

Enter the dragon

BENJAMIN ONG  |  MONDAY, 23 OCT 2017
Good, bad or ugly, there were events a-plenty last week for speculators and investors to digest for guidance on what lies ahead. There's the lingering North Korean nuclear threat - although this has barely made it to headlines over the past week; there's ...

BEAR closer to legislation

KARREN VERGARA  |  FRIDAY, 20 OCT 2017
The Banking Executive Accountability Regime (BEAR) is one step closer to being legislated with the Turnbull Government yesterday referring its Bill to the House of Representatives. Incorporating the Treasury Laws Amendment (Banking Executive Accountability ...

Jobs galore

BENJAMIN ONG  |  FRIDAY, 20 OCT 2017
It's a wonderful set of numbers that came just in the nick of time for the estimated 900 workers who'll be finishing at Holden's car manufacturing plant in Adelaide today. For as that door closes, another opens. The Australian Bureau of Statistics (ABS) ...