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Macquarie leads alternatives pack

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2017
Global alternative assets under management rose 10% to US$4 trillion in the 12 months to December 2016, with Macquarie Group dominating the local sector. The annual Willis Towers Watson global alternatives survey of 562 investment managers (which included ...

JANA selects data solutions provider

KARREN VERGARA  |  TUESDAY, 18 JUL 2017
Investment consultant JANA has announced the appointment of a new data management provider. Melbourne-based Curium Data Systems will provide greater control and oversight across JANA's operational and investment data. This will enable JANA's operational ...

The problem with currency extrapolation

BENJAMIN ONG  |  TUESDAY, 18 JUL 2017
It seemed so long ago now that a "bag the Aussie dollar" campaign was what we read in financial media. The Australian dollar was trading at about US$0.75 then, it closed at US$0.7832 on 14 July and is currently trading at US$0.78. It's exactly two months ...

Is the Fed the victim of its own success?

BENJAMIN ONG  |  MONDAY, 17 JUL 2017
... the Treasury Inflation-Protected Securities (TIPS) of the same maturity. The yield differential has fallen to 1.75% at the close of last Friday's trading - down from this year's high of 2.07% posted in January. This could also be due to higher real US ...

Vanguard global chief executive steps down

KARREN VERGARA  |  FRIDAY, 14 JUL 2017
Vanguard global chief executive Bill McNabb will step down at the end of the year to be succeeded by chief investment officer Tim Buckley. McNabb, who will stay on as chair, served as chief executive since 2008. He joined Vanguard 31 years ago, led ...

Government cracks down on salary sacrifice loophole

EMMA RAPAPORT  |  FRIDAY, 14 JUL 2017
The Federal Government will take action to close a loophole that allowed employers to short-change employees who chose to make salary sacrifice contributions to their superannuation accounts. The move follows the release of a Superannuation Guarantee ...

Dovish Fed, hawkish BOC

BENJAMIN ONG  |  THURSDAY, 13 JUL 2017
... projects GDP growth of 2.8% in 2017, 2% next year and 1.6% in 2019. More importantly, "the output gap is now projected to close around the end of 2017, earlier than the Bank anticipated in its April Monetary Policy Report (MPR)" - when it predicted the ...

HESTA stands up to all-male boards

EMMA RAPAPORT  |  WEDNESDAY, 12 JUL 2017
HESTA chief executive Debby Blakey penned a letter to all S&P/ASX200 companies urging them to set specific targets and timeframes for the number of women positioned at senior executive level. Blakey said it was "vital" that companies are transparent ...

Aussie agriculture reaches new highs

EMMA RAPAPORT  |  TUESDAY, 11 JUL 2017
Agriculture Census data from the Australian Bureau of Statistics highlights opportunities for institutional investors as the total value of Australia's agriculture production continues to rise. During 2015-16, the gross value of Australian agriculture ...

MetLife restructures US and UK operations

JAMIE WILLIAMSON  |  TUESDAY, 11 JUL 2017
... every 11 shares of MetLife common stock they own as of the record date. This week MetLife's UK operations also announced the close of its wealth management business to new business as part of a refocused strategy to drive the growth of its employee benefits ...