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Investment

Local fundie to manage US funds

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
An ASX-listed fund manager will take over the management of two funds with about $130 million in US-based assets, under a revenue share agreement with a joint venture partner.

State Street cops $1.25m fine from AUSTRAC

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
State Street was handed a $1.25 million fine by AUSTRAC for allegedly breaching 99 times its obligation to report international transfers to the agency under Anti-Money Laundering and Counter-Terrorism Financing laws.

Industry fund reveals new mandates

JAMIE WILLIAMSON  |  WEDNESDAY, 16 SEP 2020
An industry superannuation fund has overhauled its investment strategy, terminating and replacing several managers in the process.

Corporates have a critical role in social, environmental outcomes

ALLY SELBY  |  WEDNESDAY, 16 SEP 2020
Australia's publicly listed companies are increasingly playing a more active role in creating a more sustainable future, but "glaring inadequacies" still remain.

Fees should reflect investor skill: AB

ELIZA BAVIN  |  WEDNESDAY, 16 SEP 2020
Active managers should only charge fees in line with the returns generated from the investment manager's skills, according to Sharon Fay, chief responsibility officer at AllianceBernstein.

New ETF set to debut on ASX

ALLY SELBY  |  WEDNESDAY, 16 SEP 2020
A new growth ETF which mirrors a strategy with a 20-year track record is set to list on the ASX early next month, aiming to achieve returns of 2% per annum above the S&P/ASX 200 benchmark at a 0.97% management fee.

ASX revises capital raising measures

ELIZA BAVIN  |  WEDNESDAY, 16 SEP 2020
The Australian Securities Exchange (ASX) has revised its temporary emergency capital raising measures that were put in place to assist companies during the COVID-19 crisis.

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
Wholesale and retail managed funds have recovered almost half of the pandemic-induced losses incurred during the March quarter, new research from Plan For Life shows.

PEP acquires listed tech firm

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
Private equity firm Pacific Equity Partners is acquiring an ASX-listed tech firm for $503 million, with plans to help it grow internationally.

Melbourne boutique raising $70m for new fund

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
An impact investing boutique owned by a family office and led by a former JBWere executive is raising $70 million for a new fund.