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Investment

ASIC cleans up 'cash plus' funds

KANIKA SOOD  |  WEDNESDAY, 23 SEP 2020
ASIC found 14 'cash' funds with $7 billion in assets had confusing or inappropriate labelling, resulting in changes to names, asset allocations or in one case, even a closure.

J.P. Morgan rolls out global accounting services

ELIZA BAVIN  |  WEDNESDAY, 23 SEP 2020
J.P. Morgan has begun moving its Australian customers over to its global accounting system, which will give local clients access to additional services.

Masterfund assets decline

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2020
The masterfunds sector lost $38.4 billion over the 2019-20 financial year but has almost recovered the losses instigated by the global pandemic, the latest Plan For Life data show.

Bermuda-based fund launches down under

ALLY SELBY  |  WEDNESDAY, 23 SEP 2020
A boutique manager has launched its Bermuda-based fund to the Australian market, with underlying assets in US life insurance policies.

AMP Capital launches infra debt strategy

ALLY SELBY  |  WEDNESDAY, 23 SEP 2020
AMP Capital has launched a new infrastructure debt strategy, set to help investors capitalise on emerging growth opportunities in the Asia Pacific region.

AMP Capital buys digital infrastructure firm

KARREN VERGARA  |  WEDNESDAY, 23 SEP 2020
AMP Capital will acquire a majority stake in a Swedish technology company, adding to its growing infrastructure equity portfolio.

Liberman firm backs non-bank lender

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
A Liberman family investment company has topped up its investment in a small bank lender.

Index manager, friend charged for insider trading

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
A senior index manager and his friend were charged for insider trading by the Securities and Exchange Commission for reaping over US$900,000 in illegal profits off trades made with prior knowledge of stocks that would be added to or deleted from an index.

Boutique extends GBST partnership

KANIKA SOOD  |  TUESDAY, 22 SEP 2020
Warakirri Asset Management has extended its partnership with after-tax investment-focused service provider GBST for its superannuation clients to include international indices.

Sanlam withdraws from 8IP relationship

KANIKA SOOD  |  MONDAY, 21 SEP 2020
Sanlam Private Wealth says it has terminated its agreement with Eight Investment Partners.