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FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
Of the almost 3500 stories penned this year, these are the stories the Financial Standard team feels defined 2020. The Financial Standard editorial team has written 3484 stories so far in 2020. It wasn't always easy either. Like most of you, we ...

Chief economist update: Fed acts with inaction

BENJAMIN ONG  |  THURSDAY, 17 DEC 2020
The Fed's final act for the pandemic year 2020 was inaction. At the conclusion of its December FOMC meeting, the US Federal Reserve said: "The Committee decided to keep the target range for the federal funds rate at zero to 0.25% and expects it ...

Active manager winning streak short lived

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
... maintained a top-quartile rank, and 2% consistently beat the benchmarks in the following four consecutive years," the report read.

Chief economist update: ECB expands PEPP

BENJAMIN ONG  |  FRIDAY, 11 DEC 2020
The European Central Bank (ECB) didn't disappoint financial markets expecting more goodies in their Christmas stockings. While it kept the price of credit unchanged - repo rate at 0%, marginal lending rate at 0.25% and deposit facility rate at -0.5% ...

Chief economist update: Confidence unlocks Australia's virtuous cycle

BENJAMIN ONG  |  THURSDAY, 10 DEC 2020
... The Westpac-Melbourne Institute index of consumer surged to a reading of 112 in December - up by 4.1% from November's read, 48% higher than the low recorded in April of this year and is the best reading in more than a decade (117 in October 2010 ...

Longstanding CDPQ executive resigns

JAMIE WILLIAMSON  |  TUESDAY, 8 DEC 2020
Caisse de Depot et Placement du Quebec has announced the resignation of Macky Tall, its head of real assets and private equity and the lead of its infrastructure business. Tall has resigned from all his positions at the pension fund, having been named ...

Vision Super increases premiums

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
Vision Super and its group insurer MLC Life have increased the cost of insurance premiums by 17.8%. The $10.3 billion industry fund said that MLC Life had determined the 17.8% increase was required to continue to cover the cost of providing insurance ...

MLC names head of retail distribution

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
... at Fidelity International. Keenan's appointment follows that of a new head of institutional distribution in October. Read Taylor Price joined MLC Asset Management in the role from Fisher Investments where he was head of Australasia. Price's role ...

AllianceBernstein Australia eyes ETFs

KANIKA SOOD  |  MONDAY, 7 DEC 2020
The US manager is readying its well-performing $1.2 billion AB Managed Volatility Equities fund for an active ETF debut early next year. The Roy Maslen-managed fund has delivered 9.38% p.a. over five years and -1.59% in the last 12 months. It is was ...

Qualitas readies new fund with GURNER

KANIKA SOOD  |  THURSDAY, 3 DEC 2020
Qualitas has partnered for a new fund that is starting with a $1 billion pipeline of multifamily housing assets in Melbourne. Qualitas is working with GURNER, with whom it has previously partnered on $150 million investment in build-to-sell development. ...