| | THURSDAY, 25 JUL 2019 12:10PMA new report finds the majority of Australian millionaires are cautious investors and prefer to leave their wealth in cash rather than risk capital erosion.|
|Australia's high-net-worth population slumped in the rankings of a global wealth study as millionaires shifted their portfolio to cash amid share market uncertainty.|
|Myer Foundation and the Australian Government's Clean Energy Finance Corporation are among the early investors in a global manager's new Aussie equities strategy.|
|Mining magnate Andrew Forrest and wife Nicola have donated $655 million to their philanthropic foundation.|
|The Sydney boutique has partnered with an advisory firm to launch a new fund that will invest in Asian credit.|
|Latest research shows Australia lost close to half a trillion dollars in wealth at the end of 2018.|
|L1 Capital's latest UK residential property fund is expecting to raise between $60 million and $70 million as financial planning groups and rich investors hunt opportunities for attractive yields.|
|The private wealth firm with $17 billion in assets under management has hired from JANA and Morningstar as it builds out its investment team.|
|Pinnacle Investment Management has taken a stake in a new boutique set up by former Blue Sky executives, after it withdrew its bid to take over management of the Blue Sky Alternatives Access Fund last year.|
|Regal Funds Management's key people have just acquired equity stakes in the boutique for the first time, after Phil King's family bought back a 30% stake from Ascalon.|
A new superannuation fund hoping to bridge the retirement savings gap will launch with the hope of disrupting the system that has disadvantaged women.
The general manager of superannuation and retirement solutions at a $57 billion industry fund has resigned, with the hunt commencing for a replacement.
Praemium saw funds under administration hit $16.1 billion over the last financial year, thanks largely to its off-platform managed accounts service.
OnePath has moved to enhance the abilities of financial advisers using its OneView Life client management portal.
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