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| | | A hedge fund, previously linked to several superannuation funds, has been fined US$170 million for replacing its traders with an algorithm that drastically underperformed. An investigation by the US Securities Exchange Commission found UK-based BlueCrest ... |
| | | | ... commission, remuneration based on the volume of business placed by the product issuer or a gift. Thirdly, superannuation funds cannot charge fees on an ongoing basis for personal advice provided to MySuper products (for a 12-month period). More generally ... |
| | | | ... "He has an exceptional track record and is incredibly well regarded by industry participants, across the spectrum of super funds, corporate clients, licensees, advisers and their various associations, as well as our regulators," Dodd said. McCormack ... |
| | | | ... meet client needs. As a result, ASI Australia intends to close the...[three]...locally-domiciled Australian fixed income funds in an orderly manner that treats all clients fairly." The three strategies that will close are: Aberdeen Standard Diversified ... |
| | | | ... Lastly, it is in advanced discussions to externalise parts of the business. Investec Australia recently sold its property funds management business, and in 2014 sold its professional finance business to Bank of Queensland. "The decision was not taken ... |
| | | | ... strategies. Prior to this, she was the lead portfolio manager for AMP Capital's Absolute Return and Alternative Risk Premia funds. Kabashima was also a research analyst, hedge funds at EIM Management in New York and started her career as a financial ... |
| | | | ASIC has given superannuation funds another year to disclose their portfolio holdings. The regulator has extended the relief, which defers the first reporting day to 31 December 2021. The relief was set to expire on 31 December 2020, requiring trustees ... |
| | | | ... Sydney and the other will lead its newly established Dallas office. The trading solutions firm for asset managers and hedge funds named Yuki Shimada as director of Asia Pacific trading. He was most recently a senior equities trader at CBRE Clarion Securities ... |
| | | | ... office as vice president product and wholesale markets. At the start of December, Acadian reduced fees for several of the funds it manages in Australia. The asset manager said in addition to reducing base fees, all performance fees have also been rem ... |
| | | | ... analysts Anand Agarwal, Sally Chan, Andrew Hill and Alethea Leung. As at 30 September 2020, Man GLG had USD$27.3 billion in funds under management. |
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