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Investment

Netwealth rebates nearly $4m in fees

MARK SMITH  |  WEDNESDAY, 19 NOV 2014
Privately owned platform provider, netwealth, has paid out $3.8 million in fee rebates over the past three years to investors and super fund members.

Platinum reshuffles management after deputy CIO departure

ALICE URIBE  |  WEDNESDAY, 19 NOV 2014
The departure of its deputy chief investment officer will see Platinum Asset Management make a number of key management changes from 2015.

Infra manager Hastings inks major China deal

STAFF WRITER  |  TUESDAY, 18 NOV 2014
Infrastructure manager Hastings has entered into a strategic partnership agreement with Hong Kong-headquartered China Merchants Investment Development Company Limited (CMID) on the back of yesterday's China-Australia Free Trade Agreement.

IFM Investors wins UK pension fund mandates

JAMES FERNYHOUGH  |  TUESDAY, 18 NOV 2014
IFM Investors have won two infrastructure investment mandates worth $364 million from two UK local government pension funds, Avon Pension Fund and Dorset County Pension Fund.

Financial services Australia's largest industry

JAMES FERNYHOUGH  |  TUESDAY, 18 NOV 2014
Financial services is now Australia's largest industry, accounting for 9% of gross domestic product, a new report has found.

NAB profits dip on UK write down

JAMES FERNYHOUGH  |  MONDAY, 17 NOV 2014
National Australia Bank has announced annual 2014 net profit of $5.3 billion, a 1.1% decrease from 2013.

Former NAB boss received $6m last year

AAP  |  MONDAY, 17 NOV 2014
Former National Australia Bank boss Cameron Clyne took home almost $6 million during his last 10 months in the job.

Global dividends reach record high

MARK SMITH  |  MONDAY, 17 NOV 2014
A slowdown in Australian dividend payments did little to dent dividends globally as payments broke the existing record for the September quarter.

Van Eyk stake hurts AWI earnings

MARK SMITH  |  MONDAY, 17 NOV 2014
Australasian Wealth Investment's (AWI) stake in van Eyk Research has weighed on the company's earnings performance, its latest quarterly update shows.

AXA IM to open ESG strategy to investors

MARK SMITH  |  FRIDAY, 14 NOV 2014
AXA Investment Managers will offer its impact investing fund of funds strategy to external investors.