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|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 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.|
|Real estate investment manager iProsperity has taken a hit from COVID-19, resulting in administrators being appointed to the group.|
|Industry super owned IFM Investors has a plan for infrastructure investing that it says could save the Australian economy from COVID-19.|
|The $40 billion property investment manager has acquired three warehouses from Owens-Illinois Australia (OIA), setting Charter Hall back $214 million for the investment.|
|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.|
|Global investment firm GMO has acquired a Japanese investment advisory firm and nabbed two senior executives from PGIM's quantitative investment manager QMA.|
|A subsidiary of Legg Mason has cut performance fees for two of its value funds, after recording negative returns during the COVID-19 crisis.|
|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.|
|Geoff Wilson's $3 billion Wilson Asset Management has acquired the management rights for embattled alternatives investment company Blue Sky.|
There is a good chance the planned superannuation guarantee increase to 12% will be deferred again as the nation continues to struggle with the effects of COVID-19, according to Mercer senior partner David Knox.
BetaShares' ETF that tracks crude oil futures is once again changing the length of contracts it tracks and is taking extra measures to automatically convert the ETF to all cash if oil futures drop significantly again.
The global fund manager saw its profits tumble 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income.
Chi-X TraCRs and funds will now be offered on a privately owned wealth management platform, granting financial advisers and their clients access to some of the world's biggest listed companies.
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