The latest issue of Financial Standard now available as an e-newspaper
| | TUESDAY, 20 OCT 2020 4:12PMWhen it comes to investing his own money, Magellan's chief executive Brett Cairns likes to go back to his roots in science.|
|A Sydney real estate fund manager has established a private wealth division, as it sees opportunities to snap up new assets for syndicates of wealthy investors.|
|A Liberman family investment company has topped up its investment in a small bank lender.|
|The Heine family took advantage of Netwealth's strong results and buoyant share price yesterday to sell down about $76 million worth of shares in the company -- a tiny sliver of their expansive holding.|
|Two former Morgan Stanley financial advisers have started a new private wealth firm focused on HNW and UHNW clients.|
|A Lloyds auction of the estate of controversial former Queensland premier Joh Bjelke-Peterson produced mixed results.|
|For the first time in eight years, more high net worth individuals (HNWI) emerged in North America than in the Asia Pacific region.|
|Hedge fund billionaire Paul Tudor Jones backed ShareNett Holdings is partnering with Clearlist Holdings to develop a platform for family offices to transact in private markets securities.|
|It's back to his roots for Kapstream Capital's retired co-founder Kumar Palghat, as his family office takes an equity stake in a new fixed income execution fintech.|
|AMP's corporate philanthropic foundation is offering $2 million in grants for non-profits working to meet COVID-19's challenges in the community.|
ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation.
The Australian Stock Exchange has pushed back the CHESS replacement date by another year to April 2023.
The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense".
HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business.
|Brought to you by|
|Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.|