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| | | L1 Capital is launching a new Australian equities fund that seeks to unlock company value via shareholder activism. The Catalyst Fund, which launches on July 1, will be led by James Hawkins, who joined L1 Capital as a partner in March. The high-conviction ... |
| | | | ASX has acquired a minority stake in fast-growing superannuation administrator GROW Inc. In a statement, the exchange said the investment aligns closely with ASX's strategy to drive efficiency in financial services using distributed ledger technology ... |
| | | | Bloomberg expanded its global equity index range to include emerging market country benchmarks, sector and thematic index capabilities. It is the latest update since the multi-national markets and media giant published its US benchmarks in September ... |
| | | | Australian regulators expect institutions to cease the use of LIBOR in new contracts before the end of 2021. ASIC, APRA and the Reserve Bank of Australia have reiterated the importance of ensuring a timely transition away from the London Interbank Offered ... |
| | | | In the words of Frank Sinatra, Australia's now "A-number one, top of the list, head of the heap, king of the hill..." Ol' blue eyes was, of course, singing about the Big Apple (New York) but comparing apples with apples, Australia's on top. ... |
| | | | Magellan has launched its much-anticipated retirement income product today with a pay cheque replacement, having first flagged the idea back in 2017. FuturePay is an actively managed fund available on Chi-X from Wednesday and in an unlisted vehicle ... |
| | | | The fintech has officially launched a solution that slashes the time to generate a statement of advice from eight hours to two hours. Asendium is aiming to reduce three major bottlenecks for advisers: processes, people and fragmented systems. Asendium ... |
| | | | The government has introduced exposure draft legislation to reduce red tape for super funds when calculating the exempt current pension income (ECPI). The minister for financial services, superannuation and the digital economy Jane Hume said the draft ... |
| | | | The former chief executive of failed van Eyk Research has been charged with four counts of dishonestly using his position within the firm for personal advantage. Mark Thomas appeared in Downing Centre Local Court earlier this week, facing several allegations ... |
| | | | Members who raided their retirement savings as a result of the early release of superannuation scheme could have been $3100 better off than if they had kept their balance intact, new research reveals. The McKell Institute, a thinktank, found that over ... |
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