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Boutique hires from Ellerston Capital

KANIKA SOOD  |  WEDNESDAY, 9 OCT 2019
A Melbourne global equities boutique has added to its team with a hire from Ellerston Capital, as it confirms its partnership with Channel Capital. Bell Asset Management has just appointed Melissa Ridley as an institutional client manager. She was most ...

Ralston dumps director roles

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
After a rancorous response to her appointment on the retirement income review panel, Deborah Ralston has formally stepped down from the SMSF Association (SMSFA) and Alliance for a Fairer Retirement System. Previously the chair of the SMSFA and Alliance ...

Chief economist update: US recession on the cards

BENJAMIN ONG  |  THURSDAY, 3 OCT 2019
"Yesterday, all my troubles seemed so far away Now it looks as though they're here to stay..." - The Beatles Well, two yesterdays ago to be precise. This was on October 1 when the Reserve Bank of Australia (RBA) cut interest rates for a third time ...

MLC funds tone down return expectations

KANIKA SOOD  |  WEDNESDAY, 2 OCT 2019
MLC has informed investors that it expects lower returns for some of its funds, in light of "unusually low cash rates" and is cutting fees. MLC wholesale inflation plus portfolios are offered in three profiles: assertive, moderate and conservative. ...

Glitch hits ASX-listed managed funds

KANIKA SOOD  |  TUESDAY, 1 OCT 2019
About 16 ASX-listed managed funds using internal market making were affected by a glitch in calculating their iNAV yesterday, Financial Standard understands. Issuers affected include Platinum Asset Management and Schroders. Quoted managed funds are ...

Former IOOF company loses court battle in timber scheme

KANIKA SOOD  |  FRIDAY, 27 SEP 2019
Australian Executor Trustees (SA) Limited, formerly owned by IOOF, is expected to pay about $80 million after yesterday's court judgement on its conduct as the trustee to a forestry investment scheme. AET was appointed as the trustee of the S.E.A.S ...

MySuper not the only problem: AIST

HARRISON WORLEY  |  THURSDAY, 26 SEP 2019
The Australian Institute of Superannuation Trustees has hit back at newly launched consumer group Super Consumers Australia after it unleashed an attack on MySuper products yesterday. AIST chief executive Eva Scheerlinck moved to play down the significance ...

Crunch time for boutique funds

KANIKA SOOD  |  MONDAY, 23 SEP 2019
... has reached capacity, to avoid potential conflict," says Nelson Lam, partner at Berkshire Global Advisors. "Domestically, yes [multi-affiliates may run out of capacity to take on new managers in traditional strategies] but they still have a lot of capacity ...

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... their amounts outstanding will increase at annual paces of about six trillion yen and about 90 billion yen, respectively". Yes Virginia, the BOJ maintained that it will "continue with "quantitative and qualitative monetary easing (QQE) with yield curve ...

Research budgets shrink at UK asset managers

KANIKA SOOD  |  FRIDAY, 20 SEP 2019
Asset managers in the United Kingdom have shrunk their research budgets by up to 30% but are delivering millions in benefits to investors, according to the UK financial authority's review of MiFID II. The Financial Conduct Authority yesterday published ...