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JANA hires operations lead, boosts workforce

KARREN VERGARA  |  FRIDAY, 5 JUL 2019
Asset consultant JANA has recently welcomed a new head of operations and made a raft of appointments in a bid to boost its footprint. John Montague joined the Melbourne-based firm in the newly created role after working as a consultant for the past ...

Super fund bolsters leadership

ELIZABETH MCARTHUR  |  FRIDAY, 5 JUL 2019
A superannuation fund targeting ethical investors and millennials has announced two C-suite promotions. Future Super has a new chief operating officer in Leigh Dunlop, who has been promoted from her role as head of people and culture. Dunlop has been ...

Suncorp named Bank of the Year

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
Suncorp was named Bank of the Year at last night's Money Consumer Finance Awards. The 15th annual Money magazine Consumer Finance Awards were held in Sydney last night, recognising the best in banking and insurance. The awards aim to help Australians ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
... Beggar-thy-neighbour policies have never worked in the past. And it would not now, especially in this age of greater globalisation. Free-floating exchange rates are designed to restore economic equilibrium. The reason the US dollar is fetching a higher ...

Bonds raise alarm at fund manager

KANIKA SOOD  |  WEDNESDAY, 3 JUL 2019
A boutique fixed income manager is trying to placate investors over its bets on potentially risky corporate bonds issued by companies owned by a European financier. H20 Asset Management invested in unrated bonds issued by companies related to billionaire ...

AMP Life appoints temporary investment chief

KANIKA SOOD  |  MONDAY, 1 JUL 2019
... the second half of this year and is subject to regulatory approvals. AMP said its goal was to simplify its portfolio and free up capital. In the days following the announcement, Merlon Capital Partners' Hamish Carlisle and Neil Margolis called AMP's ...

Sovereign wealth fund revokes exclusions

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
The Norwegian sovereign wealth fund has revoked its decision to exclude Rio Tinto from its investments. Norges Bank has repealed exclusions placed on five international organisations over the last 15 years, Rio Tinto among them. The fund will also now ...

Future Fund backs tech startup

KANIKA SOOD  |  TUESDAY, 25 JUN 2019
... economics of battery-powered sensors have not made sense." "Everactive opens up a range of possibilities for truly maintenance-free sensing at broad scale and ABB is excited to deepen our partnership and introduce Everactive's monitoring solutions ...

OpenMarkets launches trading platform

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
... charts and market depth, create alerts, set up watch lists, and download reports and contract notes. Click-refresh data is free on the platform but customers will have to pay to upgrade to streaming data. The mobile app is available on Apple and Android. ...

Pension giant cuts tobacco

KANIKA SOOD  |  TUESDAY, 18 JUN 2019
... aggressive legal action by governments against the tobacco industry and falling global smoking rates. Nest already has a tobacco-free policy in its ESG emerging markets fund and commodities fund. The latest announcement weeds it out of all other fund ...