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FEATURE | Platforms | The investment supermarket

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... admitted to failures in due diligence and already compensated members with $321 million and $100 million, respectively. Last year, the prudential regulator in a letter to trustees also called for them to lift standards when onboarding products on platforms. ...

Corporate hybrid issuance surges: Report

VINNY VUCAGO  |  TUESDAY, 21 JUL 2026
... said issuance of non-financial corporate hybrids reached approximately $7.5 billion in 2025, almost four times the previous year, with a further $5.4 billion issued in the first five months of 2026. The resurgence follows APRA's decisions to phase out ...

Northern Trust AM Australia among five to split $4.3bn mandate

KARREN VERGARA  |  TUESDAY, 21 JUL 2026
Northern Trust Asset Management Australia is one of several fund managers that scored a major mandate from Taiwan's Bureau of Labor Funds (BLF) to help manage a total pool of US$3 billion ($4.3bn). The BLF also picked Amundi Asset Management, BNP ...

HSBC appoints structured finance chief

VINNY VUCAGO  |  TUESDAY, 21 JUL 2026
... Visweswara will take on the role tasked with bolstering its corporate and institutional banking business following a record year of growth. Based in Sydney and reporting to chief executive Steve Hughes, Visweswara joined the bank July 20 and will lead ...

ASX to rejig corporate governance framework

KARREN VERGARA  |  TUESDAY, 21 JUL 2026
... understand and manage risk, as well as remunerate fairly and responsibly. Lowe was appointed to chair the AGCC earlier this year and includes seven other members that include former APRA executive Helen Rowell, and TelstraSuper's Dominique d'Avrincourt ...

Equities lead as Australian managed funds attract $13bn in H1

VINNY VUCAGO  |  TUESDAY, 21 JUL 2026
... largest share of new money over the six months, gathering just over $4 billion in net inflows. Strong buying early in the year saw equity funds attract $1.7 billion in January and $1.15 billion in February before flows stalled in March. Demand recovered ...

HUB24 FUA soars over $164bn

MATTHEW WAI  |  TUESDAY, 21 JUL 2026
... the Federal Budget, the net inflows were stable on the previous corresponding period when excluding large migrations, with year-on-year growth in superannuation net inflows offset by lower net inflows into investor directed portfolio services (IDPS)," ...

legalsuper appoints HESTA executive as CEO, names new CIO

VINNY VUCAGO  |  MONDAY, 20 JUL 2026
... roles. The appointments come after legalsuper reported its MySuper Balanced option returned 10.09% for the 2025-26 financial year, following a 12.56% return in the prior year. "Our MySuper Balanced option, where the majority of our members are invested ...

Infinity AM wins SMID fund mandate

KARREN VERGARA  |  MONDAY, 20 JUL 2026
... now has a new investment objective and benchmark - it aims to outperform the S&P/ASX Mid Small Cap Index over rolling three-year periods before fees. Infinity, which has about $4 billion in assets, sits under Viridian's investment and wealth management ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
ASIC has scored a whopping $830 million in civil penalty orders in the last financial year alone, a Freedom of Information (FOI) request revealed. The FOI obtained by Lambros Photios, the founder of technology services and artificial intelligence (AI) ...
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