Payden & Rygel wins Sunsuper mandate

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Sunsuper has awarded US based fund manager, Payden & Rygel, a $150 million mandate to manage a customised version of the Payden Absolute Return Investing (PARI) strategy. Payden & Rygel is represented in the Australian market by Grant Samuel Funds Management (GSFM) and manages over $1.3bn in Absolute Return and Investment Grade Corporate portfolios on […]

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Michael Blake appointed to run Centuria Life

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Specialist investment manager Centuria Capital Group (ASX: CNI) has announced the appointment of Michael Blake to Head of Centuria Life. Centuria Life is the company’s investment bond business, with more than $850 million in funds under management. Michael has been at Centuria since the beginning of 2016, serving as Head of Sales and Marketing. With […]

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New investment offering provides Australia’s first  ‘green’ fixed income portfolio on ASX 

XTB, an Australian-based provider of ASX-traded corporate bonds, is offering a new fixed income portfolio of environmental, social, and governance (ESG) approved securities to meet growing demand for ethical investments. The XTB Emerald Fixed Income Portfolio is a managed portfolio of individual bond units (XTBs). The underlying bonds are issued by some of Australia’s top […]

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Nikko Asset Management Australia’s Global Share Fund receives ‘Bronze’ Morningstar rating

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Nikko Asset Management Australia announced that on 4 April 2018 its Nikko AM Global Share Fund received a ‘Bronze’ Morningstar Analyst Rating™ on its debut, reflecting high performance across key pillars and the fund’s forward-looking prospects. Led by William Low, the six-person portfolio management team was commended for establishing a high conviction global equity strategy, […]

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The rise of the machines – Macrovue launches its Artificial Intelligence Investment Portfolio

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Leading global investment business Macrovue announced the launch of its new investment portfolio built around the Artificial Intelligence revolution. Artificial Intelligence or “AI” refers to the ability of machines to exhibit human-like intelligence using computer systems.  These systems can learn, reason, discover meaning, perceive their environment, learn from experience, and interact: ultimately solving problems without […]

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HUB24 expands distribution with key appointments to leverage growing market opportunity

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Leading platform provider HUB24 (ASX:HUB) has announced the creation of two new roles to expand its distribution capability and provide additional dedicated support to licensees and advisers. Shane Muscat, formerly Head of Institutional Sales at Colonial First State (CFS), has been appointed to the newly-created role of Head of Strategic Sales and will lead new […]

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The death of the conglomerate

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Wesfarmers (ASX: WES) surprised the market in March 2018 by announcing its intention to demerge the Coles supermarket business from its portfolio. This reverses the original decision made in July 2007 to acquire Coles for $22 billion in what was then the largest takeover in Australia. For many years, WES was a shining example of […]

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Sustained volatility fails to dent long-term super returns

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Australian super fund members have suffered a second monthly decline in returns in as many months as volatility shakes global markets and creates an environment not seen by most super members in a decade. However, median balances are well ahead for the financial year to date and superannuation remains one of the best investments over […]

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AMP apologises unreservedly and acts to accelerate change

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AMP apologises unreservedly for the misconduct and failures in regulatory disclosures in the advice business. The AMP Limited Board today announces the following actions to accelerate the necessary change within the organisation: The Board and the Chief Executive Officer, Craig Meller, have agreed that he will step down from his role with immediate effect. Mike […]

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AFA Excellence in Education award nominations open for 2018

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Nominations have opened for the Association of Financial Advisers (AFA) Excellence in Education Award (the Award), presented in conjunction with partner Asteron Life. The Award recognises advisers who are demonstrating a commitment to education to better serve their clients and the industry. Philip Kewin, AFA CEO, said in a time of intense change the Award […]

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