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Quantifeed eyes Australian expansion with $13.5m raising

KANIKA SOOD  |  WEDNESDAY, 20 JUN 2018
... manager Legg Mason, and will go towards Australia and Asia Pacific growth. "We will be growing the Australian team over the next six to 12 months and also open an office [on an undisclosed timeline]," Quantifeed co-founder and chief executive Alex Ypsilanti ...

BT Financial Advice cuts grandfathered commissions

JAMIE WILLIAMSON  |  WEDNESDAY, 20 JUN 2018
... assist them in removing the payments if they choose to do so. BTFG chief executive Brad Cooper said the decision marks the next step in the business' efforts to raise standards. "Our announcement today builds on prior decisions to stop BT Financial advisers ...

NZ Super Fund appoints CEO

HARRISON WORLEY  |  WEDNESDAY, 20 JUN 2018
The NZ$38 billion New Zealand Superannuation Fund has confirmed its new chief executive after a global search for its next leader. Matt Whineray has been appointed chief executive of New Zealand's sovereign wealth fund, beginning July 1. Most recently ...

SSGA appoints head of retirement solutions

ALEX BURKE  |  TUESDAY, 19 JUN 2018
... for retirement has become acute," SSGA Asia-Pacific head James MacNevin said. "Our Global Retirement Survey, to be released next month, indicates only one in five working Australians are optimistic about their financial future in retirement," he said. ...

Chief economist update: Fed flattens the yield curve

BENJAMIN ONG  |  THURSDAY, 14 JUN 2018
... smaller lift in the long-term yields to safe-haven buying. Say what? The Fed projects good growth going over at least the next three years and investors are buying safety instead of risk assets? That, indeed, is a conundrum. As yet there's still ...

Pension fund becomes green lender

JAMIE WILLIAMSON  |  WEDNESDAY, 13 JUN 2018
... pension fund to do so, the Canada Pension Plan Investment Board (CPPIB) described the issuance of green bonds as a logical next step in its investment-focused approach to climate change. CPPIB's senior managing director and global head of capital markets ...

China A-shares to shake up EM funds

KARREN VERGARA AND DARREN SNYDER  |  WEDNESDAY, 13 JUN 2018
... completing in August, HSBC says more than $783 billion of foreign investment is expected to flow in to the A-share market over the next five to 10 years. HSBC head of China client strategy for equities Jean-Paul Linschoten says the move will see differences ...

Future Fund reshuffles investment team

KARREN VERGARA  |  TUESDAY, 12 JUN 2018
The Future Fund announced a raft of changes to its investment team as it looks to grow over the next decade. Head of property Barry Brakey is leaving the Future Fund after 10 years. He led the development of a quality property portfolio with exposures ...

Tribeca to become wholly owned by management

ALEX BURKE  |  TUESDAY, 12 JUN 2018
... Aylward explained: "The Tribeca management team is very pleased to take on 100% ownership of the business, as we enter the next phase of our growth and development." "GSFM's model of marketing funds managed by high calibre local and international managers ...

FASEA begins work on adviser exam

JAMIE WILLIAMSON  |  TUESDAY, 12 JUN 2018
... expressions of interest must be received by June 15 with those that are short-listed to be contacted the week after to commence the next stage of the process. The exam is a key measure of professional standards reforms for financial advisers, with all ...