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

Investment

WAM pushes for HHY closure

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
Wilson Asset Management wants to shutter the underperforming Hastings High Yield Fund (HHY) amid the controversy surrounding Aurora Funds Management, which acts as its responsible entity.

Schroders, Lloyds mull wealth venture

KARREN VERGARA  |  TUESDAY, 9 OCT 2018
Global investment manager Schroders is in talks with Lloyds Banking Group Plc to take on the wealth management sector in the UK.

Analysts await next Magellan move

KANIKA SOOD  |  TUESDAY, 9 OCT 2018
Ratings houses have taken a broadly positive view on Hamish Douglass' decision to step down as chief executive of Magellan.

ANZ compensation bill hits earnings

KARREN VERGARA  |  MONDAY, 8 OCT 2018
ANZ will take a massive $374 million hit to its profit thanks to its customer remediation programs.

KKR offers $2.6b to acquire MYOB

KANIKA SOOD  |  MONDAY, 8 OCT 2018
The private equity juggernaut Kohlberg Kravis Roberts is looking to acquire the remaining shares of accounting and business software company MYOB.

Global manager sells local boutique stake

KANIKA SOOD  |  MONDAY, 8 OCT 2018
Pacific Current Group has offloaded its stake in a Sydney-based small caps manager, in a move that ratings house analysts labelled as positive for the boutique.

Australian Unity mulls fund takeover

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
Starwood Capital Group has made another bid to buy the ASX-listed Australian Unity Office Fund.

Fidelity launches active ETF

KANIKA SOOD  |  FRIDAY, 5 OCT 2018
Fidelity International is hoping to get a slice of Australia's $41.5 billion exchange traded fund pool with an actively managed ETF set to launch later this month.

Nikko AM supports climate change agenda

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
The $310 billion asset manager is supporting global investor efforts to address climate change through The Investor Agenda.

Millennial money changes course after RC

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
Aussie millennials are reluctant to consolidate their superannuation or take on risk while investing after six months of Royal Commission revelations, according to new research.