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Investment

Prime subsidiary acquires accounting firm

ALEX BURKE  |  FRIDAY, 26 AUG 2016
Prime Financial Group subsidiary MPR Group has acquired an accounting firm, expanding its accounting footprint in the process.

Easton makes $2.75m acquisition

ALEX BURKE  |  FRIDAY, 26 AUG 2016
Easton Investments has acquired a provider of corporate, trust and SMSF documentation for $2.75 million.

AMP and CSIRO partner for solar project

ALEX BURKE  |  FRIDAY, 26 AUG 2016
AMP Capital and CSIRO have partnered to invest in a solar energy provider.

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 26 AUG 2016
Australia managed funds grow; US durable goods orders and UK distributive trades survey rebounds, Philippine trade gap widens.

Managed accounts to disrupt fund businesses to the tune of $60bn

MICHELLE BALTAZAR  |  THURSDAY, 25 AUG 2016
The managed accounts industry is tipped to hit $60 billion by 2020, heavily disrupting traditional asset manager business models and driving the growth of financial advice groups, according to Morgan Stanley Research.

Investors Mutual readying income focused LIC

MARK SMITH  |  THURSDAY, 25 AUG 2016
Investors Mutual (IML), the boutique Australian equity fund manager founded by Anton Tagliaferro, has flagged its intention to launch a new income focused listed investment company (LIC).

LIC helped by high gold and cash exposure

DARREN SNYDER  |  THURSDAY, 25 AUG 2016
Listed investment company Hunter Hall Global Value delivered an investment portfolio return of 12.3% last financial year, outperforming MSCI World by 11.9%. The LIC also produced an after tax profit of $30.5 million.

Perpetual reports 8pc profit boost

ALEX BURKE  |  THURSDAY, 25 AUG 2016
Perpetual has reported an 8% boost in statutory net profit in its FY2016 results.

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 25 AUG 2016
Australia construction work done, US existing home sales and Eurozone consumer confidence all down, Japan leading index improves while Malaysia's inflation rate eases.

ClearView earnings reflect business growth

JAMIE WILLIAMSON  |  WEDNESDAY, 24 AUG 2016
ClearView has reported a surge in earnings during its transition from the "build phase to growth phase".