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Investment

Platinum global shares fund to shutter

KANIKA SOOD  |  WEDNESDAY, 9 OCT 2019
Platinum Asset Management is set to bid farewell to one of its longest-running funds, after a year of outflows.

Boutique hires from Ellerston Capital

KANIKA SOOD  |  WEDNESDAY, 9 OCT 2019
A Melbourne global equities boutique has added to its team with a hire from Ellerston Capital, as it confirms its partnership with Channel Capital.

ANZ remediation costs break $1 billion

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
ANZ has announced its second half 2019 cash profit will suffer a $559 million charge as a result of additional customer remediation.

Stronghold launches open-ended fund

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
Commercial property fund manager Stronghold has launched its first open-ended property fund.

Elders in discussions over future

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
Elders Financial Planning is in discussions with its adviser network on the "future viability and sustainability" of the EFP business.

Equity Trustees wins Colonial mandate

KANIKA SOOD  |  FRIDAY, 4 OCT 2019
Equity Trustees has cracked $100 billion in funds under supervision, after striking an agreement with Colonial Mutual Life Assurance Society effective October 1.

Netwealth top for FUM growth

ELIZABETH MCARTHUR  |  FRIDAY, 4 OCT 2019
New research from Plan For Life Actuaries & Researchers has revealed Netwealth is growing much faster than some of its more established competitors.

Fidante signs US alternatives manager

KANIKA SOOD  |  FRIDAY, 4 OCT 2019
An American fund manager has teamed up with Challenger's Fidante Partners to market its funds down under, as it sees Australian demand for alternative strategies rise.

Investors deluded on returns

ELIZABETH MCARTHUR  |  FRIDAY, 4 OCT 2019
Investors have expectations on returns that are so high they would be difficult for anyone to achieve, the Schroders Global Investor Study reveals.

AMP Capital cuts retail fees on Aussie equities fund

KANIKA SOOD  |  THURSDAY, 3 OCT 2019
AMP Capital has almost halved the fees for the retail investors in its $680 million AMP Capital Equity Fund, bringing them at par with wholesale fees.