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| | | JANA Investment Advisers has recruited a staffer from rival asset consultant Russell Investments. Oscar Lonergan joins as a senior client development director. JANA said the hire strengthens its support for not-for-profit and liability-aware investors ... |
| | | | The ASX has appointed seven members to its newly formed Advisory Group on Corporate Governance (AGCG), chaired by Philip Lowe. The group will be filled with superannuation heavy hitters including AustralianSuper chief investment officer Mark Delaney ... |
| | | | Russell Investments is acquiring Zurich Investment Management (ZIM), the investment arm of Zurich Australia, adding close to $2 billion in funds under management (FUM). The transaction will lift Russell Investments' retail and wealth FUM in Australia ... |
| | | | Global X has launched the Global X Silver Miners ETF (SLVM), the business' second silver-focused product, now available on the ASX. The launch also marks Australia's first dedicated silver miners ETF, which tracks the Solactive Global Silver Miners ... |
| | | | The US Federal Reserve (Fed) left the interest rate on hold at 3.5% - 3.75% overnight, as was widely expected. The rate hold comes in the wake of the US Department of Justice serving the Fed with grand jury subpoenas, threatening a criminal indictment ... |
| | | | Brighter Super has named Damien Webb as its chief investment officer, following an international recruitment search. Webb, who is currently deputy chief investment officer at Aware Super, will join Brighter Super in April. Webb also served as head of ... |
| | | | The Financial Advice Association Australia (FAAA) is concerned the proposal to ban life insurers' use of genetic testing results will have an adverse impact on the cost of life insurance and premiums for all Australians. In a submission, the association ... |
| | | | CareSuper 'Category A' members will be hit with higher insurance costs come April 1. The $60 billion super fund said after three years of holding fees steady, a rise in claims have made increases necessary. "At CareSuper, everything we do is ... |
| | | | Federated Hermes has announced its plans to open shop in Hong Kong to capitalise on Asia's "rapidly growing" wealth market. The announcement follows the appointment of its global fixed income chief investment officer earlier this month to succeed Robert ... |
| | | | Trading and wealth management technology provider Openmarkets has entered a plan to merge with Lake Superior Acquisition Corp - a publicly traded special purpose acquisition company (SPAC). Upon completion of the merger, the newly combined entity will ... |
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