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US Federal Reserve eyes multiple interest rate cuts this year

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... latest dot plot revealed the FOMC expects 75 basis points of cuts this year, with more to come in 2025. "That is despite recent upside inflation surprises as well as upward revisions to both its GDP growth and inflation forecasts. This is a Fed that ...

Markets, economies benefit from eustress: ABDO

KARREN VERGARA  |  WEDNESDAY, 20 MAR 2024
While individuals can benefit from good levels of stress or "eustress", so too do financial markets and economies, according to an investment expert, who says that this can help move toward normalisation following a turbulent number of years. La Trobe ...

Castlerock embarks on $30m capital raise

KARREN VERGARA  |  TUESDAY, 19 MAR 2024
Property fund manager Castlerock is aiming to raise $30 million to expand its portfolio focused on government-leased assets. The Castlerock Government Property Fund invests in state and Commonwealth government properties spanning five states. The 10-year-old ...

Interest rate cut may not come until 2025, experts warn

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... weighed in on what to expect from the central bank in the coming months. Almost three-quarters of the panel believe the recent inflation numbers are not enough to bring forward the possibility of a cut. Of those that weighed in (28), one in four said ...

Perpetual, Pendal combine multi-asset capabilities

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2024
... strategies team, in a move that will see the departure of Pendal Group's head of multi asset. The fund manager said a recent review of its multi-asset capabilities resulted in a decision to merge the existing multi-asset businesses into one team. ...

Majority comply with IDR reporting: ASIC

KARREN VERGARA  |  MONDAY, 18 MAR 2024
... the regulator said. Financial Advice Association Australia (FAAA) general manager policy of advocacy Phil Anderson told a recent Financial Standard podcast that the IDR is "simply a matter of populating a spreadsheet that details the complaints that ...

Coastal Advice Group merges with Compass Financial Management

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... region, for the long term," Robert Reid, senior financial adviser and proprietor at Compass Financial Management said. The recent expansion initiatives are aligned with CAG's growth plan, aimed at solidifying its position as one of Australia's ...

New Forests appoints first global head of funds

ANDREW MCKEAN  |  WEDNESDAY, 13 MAR 2024
New Forests has named Macquarie Asset Management (MAM) veteran Michelle Elliot as its global head of funds. In the newly created role, Elliot will be responsible for improving investment, operations, and investment analytics to support the investment ...

Centuria raises $50m for new fund

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
Centuria Capital Group has launched a new fund to wholesale investors that targets counter-cyclical opportunities across the property sectors and debt. The Centuria Select Opportunities Fund (CSOF) is a closed-ended unlisted fund targeting a 15% internal ...

HESTA names head of investment execution

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
HESTA has appointed a former Citi director as its head of investment execution. Sophie Jelleff joins the $82 billion superannuation fund on April 8, working alongside the executive and investment management teams to shape and lead investment execution ...