![]() | KANIKA SOOD | FRIDAY, 23 AUG 2019 12:43PMPerpetual is willing to break away from its value investing heritage as it looks for new investment managers to add to its lineup. |
| | | | Aussie equities managers had a hard time beating the S&P/ASX 200 Accumulation index in the year to June and the underperformance gap has widened significantly over the past four years, according to new Rainmaker research. |
| | | | London-headquartered M&G Investments opened the doors to its first Australian offices. |
| | | | Perpetual reported 17% lower net profit after tax of $115.9 million for the year ending June, as its value-style funds underperformed and had to hand back institutional money. |
| | | | New research from Investment Trends has revealed the online brokers with the most satisfied customers in Australia. |
| | | | The well-known fund manager is back with two Aussie equities strategies totaling $3 billion in capacity at his new boutique, after resigning from the Tribeca Alpha Plus fund earlier in the year. |
| | | | The $80 billion superannuation fund had some strong words for its external Aussie equities managers, saying their general underperformance was a "real disappointment" for the year. |
| | | | Montgomery Investment Management will launch a small companies fund in a joint venture with fund managers Gary Rollo and Dominic Rose. |
| | | | MLC has shut down an international equities fund as it faced the prospect of increasing management fees on the relatively small funds under management. |
| | | | The American investing giant is shutting down its Sydney office less than two years after it came back to Australia for round two, according to a letter sent to investors. |
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| | KARREN VERGARA The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks. | ELIZABETH MCARTHUR A University of Texas study has found finance professionals who engage in misconduct at work are more likely to be unfaithful in marriage. | | | KARREN VERGARA A major industry superannuation fund has awarded a $150 million mandate to a London-based investment manager. | KRISTI CHENG More than half of the candidates for the Level III CFA Program exam in June passed, CFA Institute announced. |
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