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Investment

Mason Stevens renews custodian

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
The managed accounts provider has extended the relationship with its custodian as it continues to build its business.

BNY Mellon partners for new fund, eyes Aussie retail market

KANIKA SOOD  |  FRIDAY, 10 AUG 2018
The global banking giant has partnered with multi-affiliate boutique manager Pinnacle to launch a new Australian-domiciled global infrastructure fund, as it eyes the retail and adviser market.

Commitment to ethical investing booms

KARREN VERGARA  |  THURSDAY, 9 AUG 2018
The majority of professionally managed funds in Australia are committed to responsible and ethical investments - a market that is close to approaching $1 trillion.

Magellan funds record $331m profit

KANIKA SOOD  |  THURSDAY, 9 AUG 2018
Magellan's funds management business topped last year's profits by 33% as Hamish Douglass' stable of well-performing funds continued to collect performance fees and new investor money.

Perpetual wins RE mandate

KARREN VERGARA  |  THURSDAY, 9 AUG 2018
Perpetual Corporate Trust has been awarded a responsible entity (RE) mandate for a newly-listed agricultural REIT.

AMP wealth arm leaked $873 million in first half

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
AMP's wealth management arm, which includes its superannuation and platform products, saw net outflows of $873 million in the first half of 2018.

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
Investors looking to buy Commonwealth Bank's demerged wealth management arm now have a clearer picture about what it looks like - a business which has generated after-tax profit of more than $500 million for the past two years.

Boutique fund manager eyes second LIC

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
A Sydney-based international equities manager will soon launch its second listed investment company (LIC) with plans to raise upwards of $300 million for the new venture.

ESG bond portfolio opens to Aussie investors

KANIKA SOOD  |  TUESDAY, 7 AUG 2018
A Scottish manager is offering a new ESG fixed income fund to institutional investors in Australia, beginning with $135 million in assets under management.

Equity Trustees responds to GAM suspension

JAMIE WILLIAMSON  |  TUESDAY, 7 AUG 2018
Equity Trustees halted applications into and redemptions from two GAM Investments funds following the suspension of the global manager's fixed income investment director.