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Hedge fund growth problem not helped by new products

MARK SMITH  |  FRIDAY, 21 NOV 2014
... the 2014 survey, just 13% of respondents said that they plan to increase their allocation to traditional hedge funds in the next three years. Among those investors that would like to increase or maintain allocations, 40% say they face obstacles such ...

REST announces JV with US property developer

JAMES FERNYHOUGH  |  FRIDAY, 21 NOV 2014
... expected to start shortly in Austin, Texas, adding he expects at least four other developments to be underway by this time next year.

HOSTPLUS named super fund of the year

JAMES FERNYHOUGH  |  FRIDAY, 21 NOV 2014
... superannuation scheme if you were a woman." Corboy, who will step down as HESTA chief executive in February 2015, said in the next stage of her career she will be focusing on improving the standing of women's sport, expanding on her current role as a ...

Quo vadis dollar-A?

BENJAMIN ONG  |  FRIDAY, 21 NOV 2014
... now is nothing... much. Monetary policy expectations would remain as they are - the Fed and the BOE would begin lift-off by next year; the ECB could announce QE; the BOJ would continue QQE; and the PBOC (depending on how much slower the Politburo could ...

Grandfathering set to become next advice battlefield

LAURA MILLAN  |  FRIDAY, 21 NOV 2014
Advice associations will make grandfathering a priority in their conversations with government and opposition to address the sudden disallowance of the government's changes to the Future of Financial Advice (FoFA) legislation. "We are quite confident ...

FoFA opt-in to cause advisers biggest headache

JAMES FERNYHOUGH  |  THURSDAY, 20 NOV 2014
... when the dust settles, but it's frustrating. It could potentially go back to square one again. "I don't know what we'll do next. We need to re-evaluate everything after this settles. Make the plans and decisions from there. I feel sorry for the people ...

Super sets sights on $2tr

ALEX DUNNIN  |  THURSDAY, 20 NOV 2014
... in the 12 months to end September 2014 to reach $1.871 trillion and are on track to break the $2 trillion barrier by March next year. MySuper accounts for 33% of institutional super funds surveyed by APRA or $375 billion, reinforcing the narrative that ...

India mutual funds reach A$149bn

ALICE URIBE  |  THURSDAY, 20 NOV 2014
... government's announcement of a free trade agreement (FTA) with India that Prime Minister Tony Abbott proposes to conclude over the next 12 months will focus the attention of Australian money managers on India's AUD$149 billion mutual funds market. According ...

Genesys advisers looking at all options following wind up

LAURA MILLAN, JAMES FERNYHOUGH  |  WEDNESDAY, 19 NOV 2014
... websites to business cards to advice documents to SFGs - to everything really. You can't just flick a switch, and it's done the next day." Connect Financial Services Brokers chief executive Paul Tynan said that "it has been well-known in the market that ...

One swallow says it's springtime for Germany

BENJAMIN ONG  |  WEDNESDAY, 19 NOV 2014
... exactly a week ago, cut Germany's growth forecast from 1.9% to 1.2% this year. The Five Wises expect growth of only 1.0% next year. According to 'Deutsche Welle' (DW), "The downward revision was mainly caused by rising "geopolitical tensions" and "unfavorable ...