Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Investment

Channel Capital expands overseas

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
The $16 billion Sydney multi-boutique has launched a Cayman Islands based offshore business, with a new on-the-ground head.

Vanguard finds dirty assets in ESG fund

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
Vanguard has changed the descriptions of an ethically conscious bond fund, after a review turned up holdings that investors were told were excluded.

ASIC extends olive branch to inside traders

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
ASIC is encouraging people to dob in others who worked with them on market manipulation, insider trading or dishonest conduct in financial services - in exchange for immunity.

Standard Life Aberdeen sells 196-year-old brand

JAMIE WILLIAMSON  |  WEDNESDAY, 24 FEB 2021
Following the pair's strategic partnership in 2018, Standard Life Aberdeen will sell the Standard Life name to Phoenix Group as part of a revised deal.

First Sentier funds appoint new RE

KANIKA SOOD  |  WEDNESDAY, 24 FEB 2021
First Sentier has shed its responsible entity relationship with Colonial First State, naming a new RE for 13 of its funds.

Australian Ethical continues growth trajectory

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 FEB 2021
The booming interest in socially and environmentally conscious investments has seen Australian Ethical post stellar half year results, despite the pandemic.

JANA awarded mandate

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
The asset consultant has won a mandate to provide investment advisory services to a Queensland-based health insurer.

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds.

Crypto chosen over defensive assets

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
Investment in cryptocurrencies among investors has surpassed defensive assets such as precious metals, fixed income and annuities, according to new research.

Seek launches investments arm

ELIZA BAVIN  |  TUESDAY, 23 FEB 2021
Seek's founder and long-time chief executive Andrew Bassat is transitioning into a new role within the company as the chief executive of its new venture, Seek Investments.