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Three down one to go, then another three in 2019

BENJAMIN ONG  |  THURSDAY, 27 SEP 2018
... participants' assessments of appropriate monetary policy" is for one more hike in December, a further three rate hikes next year and one more 25 basis point increase in 2020 to 3.4%, and that's where it will remain the following year. These are ...

Aussie fund managers face machine learning challenges

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
... data. The majority of respondents plan to focus on professional development and learning more about machine learning over the next 12 months. Increased competition, intense fee pressure and the need for differentiation is driving active, passive, quantitative ...

Macquarie Group appoints foundation chair

HARRISON WORLEY  |  TUESDAY, 25 SEP 2018
... foundation continues to have the greatest social impact." Recently the foundation announced it would mark its 50th anniversary next year with a $50 million philanthropic commitment, to initiate and build on bold ideas to address social need.

Family office invests in absolute return fund

KANIKA SOOD  |  MONDAY, 24 SEP 2018
... management to $40 million. At the time of its launch in July, the CoAsset said it expects to raise $101 million over the next five years. BFMA will invest in 11 tranches of at least $2.75 million up to October 2019. CoAssets co-founder and chief executive ...

How to retain HNW heirs as clients

KANIKA SOOD  |  MONDAY, 24 SEP 2018
... according to GlobalData. The GlobalData 2018 wealth manager survey asked wealth managers how they could minimise the risk of a next-generation HNW investor dumping them for a competitor. The most popular answer was to involve HNW heirs during estate ...

Industry body names first chief executive

JAMIE WILLIAMSON  |  MONDAY, 24 SEP 2018
... operationalising industry-wide impact initiatives made her the clear and logical choice to take the association forward through its next phase. We are excited to work with Deborah and look forward to having her leadership in driving the organisation ...

New study taps into investor behavior

KANIKA SOOD  |  FRIDAY, 21 SEP 2018
... decision-making and are prepared to wait until the stock makes a profit to justify their initial decision. Rotaru says the next step is to train people to become better decision-makers, especially those who are investing on behalf of other people. "The ...

Easton buys SMSF service provider

KANIKA SOOD  |  THURSDAY, 20 SEP 2018
... through GPS Wealth and Merit Wealth, its previous acquisitions. Hayes expects SMSF Expert's 80-strong number to increase in the next three to four months as more accountants step into advice. SMSF Expert is currently generating $350,000 in revenues. ...

Franking credits inquiry launched

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
... Labor Party committed to removing the cash rebate investors receive from excess dividend imputation credits if it won the next election. Committee chair and Government MP Tim Wilson said the inquiry was necessary to address community concerns about Labor's ...

Legislation lifts ASIC recruitment limitation

KARREN VERGARA  |  WEDNESDAY, 19 SEP 2018
... chair will join APRA incumbent Helen Rowell. John Lonsdale joins APRA as a full-time member and second deputy chair for the next five years, with a remit to strengthen the regulator in the face of the new Banking Executive Accountability Regime (BEAR). ...