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Local Government Super chair departs, successor named

EMMA RAPAPORT  |  MONDAY, 25 SEP 2017
Chair of Local Government Super, Katherine O'Regan, has departed the board after only two-and-a-half months in the position, giving up both her chairmanship and directorship. O'Regan, who served as Deputy Mayor for Woollahra Municipal Council (2012 ...

Transparency to the max

BENJAMIN ONG  |  MONDAY, 25 SEP 2017
Oh drat! There were few events last week to provide a nice entry point to equity markets, ones that could instil caution, if not fear, enough for some to trim their holdings and cheapen share prices. But alas! Most share markets closed stronger. These ...

Former UBS exec joins Celeste

ALEX BURKE  |  FRIDAY, 22 SEP 2017
The former executive director and head of emerging companies research at UBS is joining Celeste Funds Management. Martin Byers specialised in emerging companies at UBS since joining in 2006. Prior to that, he was a senior equity analyst at the Royal ...

Fed does the thinkable

BENJAMIN ONG  |  THURSDAY, 21 SEP 2017
... day on Wall Street. The S&P 500 index lifted just 0.1%; the US dollar index dipped a little (92.64 from yesterday's 92.51 close); Yields on two-year US Treasuries were unchanged and up by only one basis point for the tenners. The certainty of it all ...

Global $11bn manager acquires US firm

ALEX BURKE  |  WEDNESDAY, 20 SEP 2017
A global manager with over $11 billion in assets under advisory and management, which operates in Australia via BNP Paribas Asset Management, has acquired a US firm for US$52.5 million. Impax Asset Management entered into an agreement to acquire 100% ...

Finalist feedback on future of advice

JAMIE WILLIAMSON  |  WEDNESDAY, 20 SEP 2017
... front of their clients and understanding the challenges they're facing," Sillar said. "They're very focused on developing close, interconnected relationships with clients, whether it is by establishing themselves as a mate or positioning themselves as ...

Perpetual wins RE mandate with $620m manager

ALEX BURKE  |  WEDNESDAY, 20 SEP 2017
... targets a concentrated portfolio of small and mid-cap equities. It is currently past halfway, capacity-wise, and follows the close of Ophir's original Opportunities Fund.

Peak iron ore?

BENJAMIN ONG  |  WEDNESDAY, 20 SEP 2017
... 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". ...

On the road to normal

BENJAMIN ONG  |  TUESDAY, 19 SEP 2017
Unless North Korean tensions escalate beyond the "missile testing" tit-for-tat, it'll be the Fed that will occupy financial market consciousness this week. The Federal Open Market Committee (FOMC) will start their two-day deliberations on monetary policy ...

The British pound's sterling reversal

BENJAMIN ONG  |  MONDAY, 18 SEP 2017
... pre-Brexit levels against the US dollar and the Japanese yen - and to a two-month high against the strengthening euro - at the close of last week's trading. And no, it's not because of what the Bank of England (BOE) did at the monetary policy council's ...