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Investment

BNP Paribas wins custody mandate

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
BNP Paribas has won a mandate to serve as sub-custodian in Australia and New Zealand for a large European firm.

IPO Wealth trustee hit with class action

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
Slater and Gordon issued the embattled IPO Wealth Fund with a class action late last week.

ETF Securities shutters funds

ANNABELLE DICKSON  |  MONDAY, 14 DEC 2020
ETF Securities has closed two of its exchange traded funds after failing to reach sufficient size.

UK fund manager eyes Australia

KARREN VERGARA  |  MONDAY, 14 DEC 2020
A UK investment manager with about US$500 million in assets is entering the Australian and New Zealand markets, enlisting 3PD as its distribution partner.

360 Capital raises bid for Evans Dixon

KANIKA SOOD  |  FRIDAY, 11 DEC 2020
Tony Pitt's 360 Capital is back with a 13% higher offer for Evans and Partners shareholders, after its October 27 bid was rejected.

Regnan launches global equity impact fund

RACHEL ALEMBAKIS  |  FRIDAY, 11 DEC 2020
Regnan has launched a new global equity impact fund that selects companies aligned to the UN's sustainable development goals and will be distributed by Pendal.

Firetrail dips toes in global equities

KANIKA SOOD  |  THURSDAY, 10 DEC 2020
Firetrail Investments wants to build a global equities team, after gathering over $5 billion in its Aussie equities strategies in under three years, Financial Standard understands.

Hedge fund switched traders with algorithm

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
A hedge fund, previously linked to several superannuation funds, has been fined US$170 million for replacing its traders with an algorithm that drastically underperformed.

Moelis to create hospitality precinct

ANNABELLE DICKSON  |  THURSDAY, 10 DEC 2020
Moelis Australia has acquired two adjoining pubs in Sydney with the aim to transform the location into a hospitality precinct.

Charter Hall adds three properties

KARREN VERGARA  |  THURSDAY, 10 DEC 2020
Charter Hall continues to build its portfolio, acquiring three properties with a combined purchase price of $319 million.