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Crowe Horwath managing partner to depart for government role

ALEX BURKE  |  FRIDAY, 19 MAY 2017
A managing partner at Findex-owned Crowe Horwath will leave the firm to become the Auditor-General for the Queensland Government. Brendan Worrall, currently Crowe Horwath's managing partner for audit and assurance for the Australian and New Zealand ...

Former adviser launches sustainable trading platform

EMMA RAPAPORT  |  THURSDAY, 18 MAY 2017
An online trading platform which uses environmental, social and governance data to help retail investors screen for stocks based on sustainability factors is set launch in the coming months. The H2 Ventures backed start-up, Goodments, founded by former ...

Senior ATO official tangled in $165m fraud scandal

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... following an eight month investigation. At a press conference this morning, AFP deputy commissioner of operations Leanne Close explained Cranston's alleged involvement. "It appears that his son has asked him to access some information potentially. We ...

Bennelong's BennBridge opens its doors

JAMIE WILLIAMSON  |  WEDNESDAY, 17 MAY 2017
Bennelong Funds Management's named the leadership team heading up its recently launched London-based subsidiary. Established in November 2016, BennBridge is led by chief operating officer Greg Thomas who was formerly the managing director of Visium ...

Administrator retains $820m super fund mandate

JAMIE WILLIAMSON  |  MONDAY, 15 MAY 2017
An industry superannuation fund renewed its administration mandate with an ASX-listed boutique service provider. MainstreamBPO's administration service subsidiary SuperBPO will continue as Combined Super's administrator after extending its partnership ...

Three steps and yields stumble

BENJAMIN ONG  |  MONDAY, 15 MAY 2017
"Three steps and a stumble" is an old market adage that foretells of a drop in the US equity market after the Fed's third interest rate hike. This is turning out to be a doozy so far - the Fed already completed rate hike number three on 15 March 2016 ...

Industry fund wins stake in Endeavour Energy

EMMA RAPAPORT  |  FRIDAY, 12 MAY 2017
An industry super fund is exposing its 1.9 million members to an additional infrastructure asset after securing a stake in NSW electricity distribution company Endeavour Energy. REST Industry Super, alongside a consortium of companies including Macquarie ...

Global economy biased toward active management

KARREN VERGARA  |  THURSDAY, 11 MAY 2017
... and emerging markets (77%). Executive vice president of international distribution Matthew Shafer said despite keeping a close eye on political and macroeconomic shifts in Europe and Asia, many investors see volatility as an opportunity to outperform ...

Super reform impacts AMP results

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2017
AMP attributed increased net cash outflows in its first quarter results to Australians readying themselves for incoming superannuation reforms. The institution recorded an 11% increase in wealth management inflows year on year to $6.4 billion, but was ...

Federal Budget is a Ginger Spice

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
The Government has handed down a "Ginger Spice" rather than a "Scary Spice" of Budgets this year, according to IOOF head of technical services Martin Breckon. Explaining himself, Breckon said the Budget appeared to be designed to avoid any comparisons ...