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CFA to host Australia Investment Conference in Melbourne

STAFF WRITER  |  TUESDAY, 17 SEP 2013
The CFA Institute and CFA Societies Australia is hosting its Australia Investment Conference at the park Hyatt Hotel in Melbourne on 24 October 2013. The Reserve Bank of Australia deputy governer Dr Phil Lowe and president and chief executive at CFA ...

BNP appoints new head of APAC

LAURA MILLAN  |  MONDAY, 16 SEP 2013
BNP Paribas Investment Partners is strengthening its business in the Asia Pacific (APAC) region with two key appointments. Ligia Torres has been appointed head of APAC and Emerging Markets for BNP. Torres was previously head of BNP Paribas Wealth Management ...

SMSFs show appetite for direct overseas shares

MARK SMITH  |  MONDAY, 16 SEP 2013
SMSFs investors are three times more likely to research overseas stocks than non-SMSF investors, according to research conducted by investment research platform Skaffold into its member base. Skaffold, which was set up by well-known professional stock-pickers ...

New AllianceBernstein fund offers solution for Fed tapering

MARK SMITH  |  THURSDAY, 12 SEP 2013
AllianceBernstein is preparing to launch a global fixed income fund with an absolute return objective to the Australian retail market. With the end of the US Federal Reserve's US$85 billion a month quantitative easing policy looming on the horizon ...

Accounting and advice practices likely to increase mergers

LAURA MILLAN  |  WEDNESDAY, 11 SEP 2013
Recent regulatory changes that allow accountants to provide financial advice under a limited licence are likely to increase the appetite for mergers and acquisitions between accounting and advice practices. "The accounting industry's foray into the ...

ASFA wary about SMSF property schemes

LAURA MILLAN  |  WEDNESDAY, 11 SEP 2013
The Association of Superannuation Funds of Australia (ASFA) is calling for mandatory Australian financial services licensing (AFSL) for all persons involved in the sale of investment products and property to self-managed super funds (SMSF). ASFA expressed ...

Esemplia write-down almost complete

MARK SMITH  |  WEDNESDAY, 11 SEP 2013
US fund manager Legg Mason is close to completing the Australian portion of its write down of struggling emerging market subsidiary Esemplia. Legg Mason Australia head of marketing communications Anthony Pesutto said redemptions for one last "major" ...

Bombora signs first partner, signals more expansion

ALICE URIBE  |  WEDNESDAY, 11 SEP 2013
Independent licensee Bombora Advice has signed on risk protection specialist Complete Risk Analysis (CRA) as its first partner, with more firms expected to jump on board over the coming months. Bombora managing director Wayne Handley said that the addition ...

Telstra Super lures members with SMSF lookalike

JAMES FERNYHOUGH  |  TUESDAY, 10 SEP 2013
Corporate super fund Telstra Super has launched a new investment platform offering members direct access to term deposits and shares, in a move to retain members who might otherwise set up self-managed super funds (SMSFs). The investment option, called ...

Could ASIC become the SMSF regulator?

JAMES FERNYHOUGH  |  TUESDAY, 10 SEP 2013
The recent scrutiny that self-managed super funds (SMSFs) have found themselves under from the Australian Securities and Investments Commission (ASIC) could be a taste of things to come, according to lawyer Claire Wivell Plater, managing director of ...