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Kinetic Super appoints acting chief

ALEX BURKE  |  WEDNESDAY, 26 AUG 2015
Kinetic Super has appointed an acting chief executive following Megan Bolton's departure. Previously head of Superpartners' strategic program, Elizabeth Thomas will work with Kinetic Super's board to appoint a permanent chief executive. "We are delighted ...

PROFILE: J.P. Morgan head of Australia funds David Hallifax

ALEX BURKE  |  WEDNESDAY, 26 AUG 2015
You know the old saying: there's nothing like selling monkey hand-puppets door-to-door to turn you off working in sales forever. David Hallifax was doing odd jobs with a friend to support himself while backpacking around Australia. He'd crossed the ...

Asia: Between fortune and fate

LAURA MILLAN  |  WEDNESDAY, 26 AUG 2015
... concerns of our investors seriously and, as part of our fund governance, we have considered many options to sustainably close the discount to net asset value that the fund trades at," AMP Capital said in a statement shortly after LIM Advisors voiced ...

OneVue close to turning profit

MARK SMITH  |  TUESDAY, 25 AUG 2015
OneVue has almost doubled its revenue in the last year, helping to reduce its net loss from $5.23 million in 2014 to $220,000 in the year to 30 June 2015. Total revenue of $25.42 million for the reporting period represents an increase of 92% from $13.21 ...

Managers pressured by more demanding clients

STAFF WRITER  |  TUESDAY, 25 AUG 2015
Australian asset managers are under pressure to develop customised solutions for institutional clients who are shifting portfolio management in-house at an ever increasing rate, a new report by State Street has found. Almost three quarters of asset ...

Countplus sells back stake in advice firms

LAURA MILLAN  |  MONDAY, 24 AUG 2015
... million. "It is our view that principals and senior employees have a greater incentive to grow their business when there is close alignment between the success of the business and their personal success, and this is what a shared-equity model achieves," ...

Hedge funds face brain drain

LAURA MILLAN, MARK SMITH  |  MONDAY, 24 AUG 2015
... of 2015. Professor Stephen Brown from the New York University Stern School of Business has been studying hedge funds for close to four decades and has even testified before the House of Representatives in the US. He predicts that the best hedge fund ...

Super gender gap large, but closing

MARK SMITH  |  THURSDAY, 20 AUG 2015
... held by women is only $35,200 - which is 56% of the median $62,900 held by men. "Obviously, several factors are helping to close the gap, such as the gradual impact of the compulsory super scheme, higher levels of education for women, increased awareness ...

AMP half-year profit up 33%

ALEX BURKE  |  THURSDAY, 20 AUG 2015
AMP has released its half-year results for 2015, revealing a net profit of $507 million, up 33% on the previous corresponding period. Wealth management - including advice, platform administration, unit linked superannuation, retirement income and investment ...

Islamic super fund sees 245% FUM growth

LAURA MILLAN  |  WEDNESDAY, 19 AUG 2015
... the year to 30 June 2015. Crescent Wealth has exceeded the $100 million FUM milestone, with total member numbers growing close to tenfold during the year. The fund, founded in 2013, is the world's first private Islamic pension fund and it offers a series ...