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Responsible assets close to half of total Australia AUM

ALEX BURKE  |  WEDNESDAY, 13 JUL 2016
The responsible investment industry now comprises roughly 47% of all assets under management in Australia, according to Responsible Investment Association Australasia figures. The RIAA's latest Responsible Investment Benchmark Report, based on data ...

New state manager for Synchron

KERRIE SYDEE  |  WEDNESDAY, 13 JUL 2016
Leading non-institutionally aligned licensee, Synchron has appointed a new Queensland state manager following the retirement of current state manager Gerry Porter. Gee Vas will undertake the role, joining Synchron from Zurich where she held the role ...

Boutique asset manager signs new exec

DARREN SNYDER  |  WEDNESDAY, 13 JUL 2016
Boutique Australian equities manager DMP Asset Management is welcoming a new executive manager as part of its strategy to expand into the institutional market. Joining DMPAM as executive manager - sales, is Angus Graham. He formerly held senior roles ...

Returning Fed hike expectations could be flattened by yield curve

BENJAMIN ONG  |  MONDAY, 11 JUL 2016
A big bounce in US employment gave the green light to investors and speculators to put risk back on onto their portfolios. Fear, it seems, has left the building... or driven out by the strong US jobs numbers. The VIX index closed 10.6% down to a reading ...

UniSuper reflects on investment highs and lows

DARREN SNYDER  |  FRIDAY, 8 JUL 2016
... returned -10.4%, marking it the second worst-performing sector in the market behind energy. And, because banking constitutes close to 30% of the local market, poor performance has a significant impact. However the fund's diversified options have held ...

ClearView appoints three new BDMs

KERRIE SYDEE  |  FRIDAY, 8 JUL 2016
ClearView Wealth has appointed three new business development managers (BDMs), as the group positions itself for further growth. James Blanton has been appointed BDM NSW/ACT, Nick Dowling BDM VIC/TAS and Richard Monroe BDM QLD. Blanton joins ClearView ...

Fund managers fleeing UK post-Brexit: Preqin

ALEX BURKE  |  THURSDAY, 7 JUL 2016
Roughly a third of alternatives managers are investing less in the UK as a response to the Brexit referendum, according to Preqin research. The research, based on a survey of 140 alternative assets firms and 50 institutional investors, showed that the ...

SMSF payroll tax litigation under microscope

DARREN SNYDER  |  THURSDAY, 7 JUL 2016
A superannuation and insurance lawyer says recent litigation in Queensland will be watched closely with the possibility that SMSFs could be included in payroll tax groups. Townsends Business & Corporate Lawyers special counsel Michael Hallinan says ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 7 JUL 2016
... US dollar, fixing the mid-point of the yuan's trading band at 6.6857 yuan per dollar, down 0.39% from the previous day's close. The Chinese central bank's latest move caused little stir in the financial markets. This could be because this has lately ...

Fidante manager closes $400m industrial water fund

ALEX BURKE  |  WEDNESDAY, 6 JUL 2016
Fidante Partners-affiliated real assets investment manager Resonance has made the third close of its industrial water infrastructure fund. Resonance Industrial Water Infrastructure Limited has received $400m in commitments from six institutional investors ...