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Investment
Specialist platforms prosper in June quarter
ALLY SELBY  |  MONDAY, 20 JUL 2020
HUB24 has reported record annual inflows of $4.95 billion for the 2020 financial year, which it says has been driven by clients ditching "incumbent platforms" for the specialist provider.
360 Capital eyes LIC
KANIKA SOOD  |  FRIDAY, 17 JUL 2020
360 Capital has acquired an 18.53% stake in an ASX-listed closed-ended fund, as it engaged with its management to appoint it as the responsible entity.
Administrators appointed to iProsperity
ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
Real estate investment manager iProsperity has taken a hit from COVID-19, resulting in administrators being appointed to the group.
IFM pledges to kickstart COVID-19 recovery
ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
Industry super owned IFM Investors has a plan for infrastructure investing that it says could save the Australian economy from COVID-19.
Charter Hall makes $214m warehouse play
ALLY SELBY  |  FRIDAY, 17 JUL 2020
The $40 billion property investment manager has acquired three warehouses from Owens-Illinois Australia (OIA), setting Charter Hall back $214 million for the investment.
Aussie banks set to underperform
ALLY SELBY  |  THURSDAY, 16 JUL 2020
Australia's financial services sector, particularly the big four banks, are set to underperform over the coming months, with mounting business and home loan deferrals to blame.
GMO acquires Japanese equity manager
ALLY SELBY  |  THURSDAY, 16 JUL 2020
Global investment firm GMO has acquired a Japanese investment advisory firm and nabbed two senior executives from PGIM's quantitative investment manager QMA.
Legg Mason subsidiary cuts performance fees
ALLY SELBY  |  THURSDAY, 16 JUL 2020
A subsidiary of Legg Mason has cut performance fees for two of its value funds, after recording negative returns during the COVID-19 crisis.
Top equities managers revealed
ALLY SELBY  |  THURSDAY, 16 JUL 2020
Former Ausbil microcap managers Tony Waters and Chris Prunty have come out on top of Mercer's Australian Shares Investment Manager Performance ranking, after their QVG Capital Long Short fund returned 29.3% for the year.
WAM makes alternatives play
ALLY SELBY  |  THURSDAY, 16 JUL 2020
Geoff Wilson's $3 billion Wilson Asset Management has acquired the management rights for embattled alternatives investment company Blue Sky.
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