Centuria divests 200 Creek Street, Brisbane

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Centuria Property Funds yesterday announced that it has sold its commercial office tower at 200 Creek Street, Brisbane, for $38.7 million. The property has been purchased by Sentinel Property Group. Jason Huljich, CEO of Unlisted Property at Centuria, said: “We purchased the property in 2011, and since then we have carried out a series of upgrades […]

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Tyro appoints former PayPal executive as new Head of Product

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Tyro Payments Limited (“Tyro”), Australia’s fast growing nextGen bank, has announced the appointment of Kareem Al-Bassam as the company’s new Head of Product. Mr Al-Bassam has more than 15 years of experience in the global payments industry. He founded PayPal Credit in Australia, with the launch of small business lending product, PayPal Working Capital. In its […]

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Lonsec awards Legg Mason Martin Currie Ethical Income Fund “Highly Recommended” rating

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Legg Mason Martin Currie yesterday announced that it has been awarded “Highly Recommended” 1 rating for its Ethical Income fund (the Fund) from Lonsec Research (Lonsec). Martin Currie, with over $10 billion in assets under management in Australia, is an active equities fund manager affiliate of Legg Mason. Launched a year ago, the Fund invests in […]

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YTML partners with Omnium

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YTML has partnered with risk technology specialist Omnium to deliver streamlined and efficient life insurance software to advisers. YTML will act as Omnium’s platform provider, servicing and supporting the insurance software and further expanding its strong supporter base of advisers. “We are delighted Omnium has chosen us as their platform provider,” said YTML COO, Piew […]

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Clearview ramps up growth plans with key appointments

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Listed financial services company ClearView Wealth Limited (ASX: CVW) has appointed former BT Financial Group Senior Manager Jeffrey Scott as Head of Product to drive the ongoing development of life insurance and wealth management solutions for financial advisers. Mr Scott, formerly Senior Product Development Manager at BT, will also oversee the delivery of a new […]

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The Trump factor has markets in a subdued state

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Equity markets are hovering in limbo this week as they sit and wait for Trump’s inauguration on 20 January before deciding what way they will go, says boutique fund manager Managing Director George Lucas. He says doubts around the outcome of European Central Bank’s first monetary policy meeting of the year to be held on […]

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2016 pivotal year for smart beta ETFs

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Smart beta ETFs gained significant traction in the Australian market in 2016 as an alternative to active management and market capitalisation-weighted index funds, according to Arian Neiron, Managing Director, VanEck. Total flows into smart beta ETFs reached A$563 million accounting for almost 20% of the total Australian ETP[1] flows of $3.06 billion[2] in the 12 […]

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Waking up to reflation

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BlackRock has released its Global Macro Outlook for 2017. It believes that consensus views are still too cautious. “We are seeing signs of the global expansion becoming more synchronised and thereby self-reinforcing. This is consistent with our view that the US-led reflationary phase has further to run. Highlights in our special, expanded Macro Outlook to start […]

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Legg Mason affiliate, Brandywine Global, becomes signatory of United Nations-supported Principles for Responsible Investment

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Brandywine Global Investment Management, LLC, a wholly owned subsidiary of Legg Mason, Inc., have announced it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI). “Signing on to the Principles for Responsible Investment (PRI) is the latest initiative in Brandywine Global’s ongoing integration of environmental, social, and corporate governance (ESG) issues […]

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Perpetual expands Investment Specialists team with new hire

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Perpetual Investments has announced Ron Mehmet has joined the business as an Investment Specialist. Ron joins Perpetual with more than 30 years’ experience in financial services, including six years in his previous role with BT Funds Group, where he was responsible for managing the Investment Solutions multi-manager investment process. Ron will work closely with Perpetual […]

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