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Rainmaker Group acquires Money magazine

ELIZABETH MCARTHUR  |  THURSDAY, 21 MAR 2019
... objective of growing our consumer media platform." Rainmaker publishes four B2B journals alongside the Financial Standard newspaper: FS Advice, FS Super, FS Private Wealth and FS Managed Accounts. The group also publishes a consumer focussed Good Guide ...

Chief economist update: Wall Street in drunken sailor's shadow

BENJAMIN ONG  |  MONDAY, 26 NOV 2018
The ups and downs in US equities over the past weeks reminds me of the book, "A Random Walk on Wall Street", authored by Princeton University economics professor Burton Malkiel back in 1973, which posited that: "...short run changes in stock prices ...

CBA board ignored key issues in deciding executive pay

KANIKA SOOD  |  WEDNESDAY, 21 NOV 2018
The Commonwealth Bank board ignored major scandals besieging the bank when it approved the variable remuneration for its top executives for FY16, the Royal Commission heard. The bank's top executives were paid a fixed pay and variable pay split into ...

Super funds react to market sell off

KANIKA SOOD  |  MONDAY, 29 OCT 2018
... member note. "When things do turn negative, it's important not to over-react. Typically, if you hear about it in the newspaper it's already happened, which means you can lock in losses if you change strategies when markets are down. Members are ...

Chief economist update: The winter of Australia's discontent

BENJAMIN ONG  |  WEDNESDAY, 24 OCT 2018
... the US." This should give Australia a window to step in as substitute supplier. The problem is, according to The Land newspaper: "Whilst Australian sorghum retains some advantages over US origin grain by the way of tariff structure and quality and timing ...

Firetrail calls off $305m IPO

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
The former Macquarie stock pickers have hit the brakes on a LIC based on their absolute return strategy after a few investors lapped up most of the raise. Firetrail Investments had raised "well over" $100 million when management and board decided the ...

Finding value in Fairfax

JAMIE WILLIAMSON  |  WEDNESDAY, 15 AUG 2018
There are signs of life in Fairfax yet but the big banks are less promising, according to Auscap Asset Management. Speaking at the Financial Standard Adviser Big Day Out in Wollongong this morning, Auscap head of distribution Lee Hopperton provided ...

Poor systems delay MySuper transitions: CFS

KARREN VERGARA  |  WEDNESDAY, 15 AUG 2018
... Hodge also brought to light the bank's fee arrangements with financial advisers. An article, published in a national newspaper, exposed how bank-linked retail funds generated low returns on cash options. CBA was deemed "unhappy" with the article ...

UBS chief investment strategist leaves

KANIKA SOOD  |  FRIDAY, 13 JUL 2018
... years. He worked at Ord Minnett as a quantitative research analyst before this. The departure was reported in a daily newspaper yesterday. Cassidy completed a Master of Business in Applied Finance from UTS in 1995. Prior to this, he completed an economics ...

Royal Commission bad for super: Switzer

ALEX BURKE, JAMIE WILLIAMSON  |  FRIDAY, 27 APR 2018
Switzer Group founder Peter Switzer argued that the Royal Commission is a "super-killing blood-sport" that will ultimately hurt super member balances. Writing in a Switzer Daily column, Switzer said he had mixed feelings about the Commission, arguing ...