Peter Burgess

The SMSF Association has lauded the Federal Government’s decision to fast track the implementation of a legacy pension amnesty.

SMSF Association CEO Peter Burgess says this is an early Christmas gift for over 17,000 SMSF legacy pension accounts that now have five years to commute their pension and take advantage of a flexible pathway to allocate associated reserve amounts.

“These newly registered regulations – Treasury Laws Amendment (Legacy Retirement Product Commutations and Reserves) Regulations 2024 – provide much-needed reform to retirees trapped in non-commutable legacy pensions, including legacy lifetime, life expectancy and market-linked income stream products.

“Considering the age of these superannuants, they now have a genuine opportunity to restructure their retirement savings effectively.”

Burgess says the decision to grant this amnesty is a tribute to the Association’s persistent lobbying on this issue over the past five years.

“These regulations represent a big win for the sector and the Association’s advocacy team, especially the decision to be make it a standalone policy priority and not be linked to other tax policies such as the proposed Division 296 tax.”

He says that while these regulations are a welcomed development, there is a lingering sense that some opportunities to further enhance the regulatory framework surrounding this measure may have been missed.

“In our submission on the draft regulations, we noted it was common practice for legacy pensions to cease rather than be commuted on the death of the primary beneficiary or on the completion of the payment term.

“We encouraged Treasury to consider the inclusion of an additional cap-free pathway to allow a pension reserve to be exited from the system where the pension recipient(s) has died.

“Unfortunately, this was not heeded so it appears an opportunity has been lost to quickly and efficiently eliminate these potentially large reserves.”

He adds that the Association also flagged the potential social security ramifications emanating from the regulatory changes.

“Notwithstanding industry’s recommendations for Treasury to work with the Department of Social Services to ensure these concerns were addressed, at this stage we’re not aware of any social security legislative instruments, or other supporting materials, that serve to alleviate any of these concerns.

“While we understand a legislative instrument to remove the social security ramifications is likely, without further clarification or developments on this front, concerns still linger that social security sensitive members may be negatively impacted by this recent development.”

These regulations, along with all other key legislative changes from 2024 impacting SMSFs, will be a feature of the SMSF Association National Conference 2025 next February. Held at the Melbourne Convention & Exhibition Centre from 19 – 21 February, attendees will hear the latest updates in depth from the experts.

The post SMSF Association celebrates legacy pension amnesty as a win for retirees appeared first on AdviserVoice.

Peter Burgess

The SMSF Association says the framework outlined in the second tranche of the Government’s Delivering Better Financial Outcomes (DBFO) reform package lays the groundwork for reducing the cost and improving access to advice, but as is often the case, the devil will be in the detail.

The Minister for Financial Services, Stephen Jones, announced the package yesterday, stating it would ensure more Australians would have access to quality and affordable financial advice.

SMSF Association CEO, Peter Burgess, said there can be no argument reforms are needed to reduce the cost of advice and to open up new channels of professional advice to support the 15,500 existing financial advisers servicing the community’s financial advice needs.

“We have consistently argued that these new channels are urgently needed to enable more individuals to access quality advice to improve both their financial and mental well-being.

“Meeting this need has become even more evident when the growing number of baby boomers entering retirement is considered – many of whom cannot currently afford to get advice.”

Burgess said that considering the Government’s focus on creating a new class of adviser to provide safe and simple advice, it remains a mystery to us why the role other professional advisers, such as accountants, could play was still being overlooked.

“It was our contention that the Quality of Advice Review neglected the significant role accountants can play in addressing the growing advice gap, and the Government is perpetuating this oversight.

“By giving accountants a defined advice role, it will further support consumers to access the advice they need when they want it from their choice of trusted adviser.”

He said new educational pathways were needed to not only ensure the sustainability of the financial planning sector, but to ensure the future financial advice needs of all Australians could be met.

“The success of this model will depend on ensuring that the education requirements for the new class of adviser truly provides a pathway to becoming a financial adviser.

“We welcome the opportunity for all AFS licensees to employ the ‘new class’ of adviser and support more individuals on their pathway into a rewarding and fulfilling career.”

He added that many consumers needed point in time advice, often driven by life events, so modernising the best interest duty provided certainty to the sector that they could meet this need by providing advice on a single topic or limited scope of advice.

Burgess said the professionalism that now characterised the advice sector was a credit to its practitioners, providing the foundation for the sector to now expand so that it could meet the advice needs of a growing number of Australians in an affordable way.

“The Association looks forward to working with the Government to ensure the right balance between opening up advice to more Australians is achieved without surrendering important consumer protections.”

The post SMSF Association supports push for affordable and accessible financial advice appeared first on AdviserVoice.

Peter Burgess

The self managed super fund (SMSF) sector has notched up a significant milestone following the release of the Australian Taxation Office’s (ATO) September 2024 quarter SMSF statistics which show total SMSFs assets have surpassed $1 trillion for the first time.

SMSF Association CEO Peter Burgess hailed the ATO’s quarterly statistics as a landmark achievement for the sector, noting that while the figures are estimates, they underscore the confidence Australians place in SMSFs. As at 30 September 2024, Australians have entrusted approximately $1.02 trillion of their retirement savings to SMSFs – a powerful testament to the value of “choice” and the benefits of SMSFs.

“SMSFs can provide the ultimate level of control and flexibility which in-turn empowers and encourages greater level of engagement.”

“This extra flexibility and control can manifest itself in many ways including investment flexibility, estate planning flexibility and the ability to structure the fund in a way which best suits the needs of fund members.”

“It’s always been the Association’s mantra that SMSFs are not for everyone. But for those individuals who want to take direct control of their retirement savings, whether in the accumulation or decumulation phase of superannuation, they have proved a very effective vehicle.

Burgess said the sector had thrived despite a long-running campaign that asserted SMSFs were costly, complicated, and delivered lower investment returns compared with their APRA-regulated counterparts.

“These were criticisms that the sector – and the Association – took extremely seriously, so it was gratifying when research commissioned by the SMSF Association showed that an SMSF with net assets of $200,000 can be competitive in terms of costs and investment returns compared with APRA funds.”

Burgess said the Association was proud of the sector’s remarkable evolution, noting the concept of small, member-controlled superannuation funds emerged in 1985 under the term ‘excluded funds’ before SMSFs were introduced in 1999 alongside a more comprehensive regulatory framework.

“Over nearly four decades we have seen the emergence of a dedicated cohort of advisers who have played a critical role in guiding SMSF members through their own unique superannuation journey. The fact that every inquiry into superannuation has given our sector a clean bill of health is testimony to the professionalism they bring when advising their clients.”

This significant milestone will be celebrated at the SMSF Association’s 2025 National Conference, being held at the Melbourne Convention and Exhibition Centre from February 19 -21, where the theme, ‘Collaboration: Unleashing Collective Potential,’ will highlight the importance of working together to explore and shape what the future holds for the sector.

The post Self managed super funds surpass $1 trillion milestone, highlighting the strength and professionalism of the sector appeared first on AdviserVoice.

Laura Ryan

Governments that perform poorly in managing climate change transition may encounter difficulty finding investors to buy their sovereign debt, that is the finding of a research paper by global bond managers Ardea Investment Management and Fortlake Asset Management, along with academic researchers at the University of Technology, Sydney.

While the integration of climate change considerations in equity investing is today quite mature, the sovereign debt market has lagged considerably. However, the authors predict the reduction in carbon emissions and increased take up of renewable energy will become ever more important risk indicators for government bond investors.

The paper, “Climate Transition Risk in Sovereign Bond Markets”, published in the Global Finance Journal, shows carbon dioxide emissions, natural resources rents, and renewable energy adoption statistically impact sovereign bond yields and spread. It aims to give fixed income investors and policymakers a way to assess country transition risk that is aligned directly with the United Nations Sustainable Development Goals.

Commenting on the paper, Dr Laura Ryan, Head of Research at Ardea Investment Management, said, “Given the threat climate change poses to the global economy and the rapid rise of transition risk, we advocate that an increase in the significance of climate transition risk factors are determinants in sovereign bond markets.

“Carbon dioxide emissions and natural resources rents not only negatively affect the environment and inhibit progression toward climate goals but also increase a country’s cost to borrow in debt markets.

“Importantly, the adoption of renewable energy was found to be an economically and statistically significant mitigation strategy, as the supply and consumption of clean fuel sources could drive economic growth, counteracting any short-term financial losses from the non-renewable energy sector,” Dr Ryan said.

Developed versus Developing Markets

Assessing the transition risk factors, macroeconomic fundamentals and sovereign yield spreads across 39 countries between 1999 to 2021, the research found a strong positive association between carbon dioxide emissions and sovereign yields and spreads across advanced and developing countries.

In developed markets, natural resources rents have a strong positive association, while renewable energy has a negative association with yields and spreads.

Cheaper financing may counteract any short-term losses that industries may face from reevaluating assets. Further, the savings made on funding could be invested into renewable technologies and transitioned away from sectors in decline, such as the fossil fuel industry.

Fortlake Asset Management’s Deputy Chief Investment Officer, Kylie-Anne Richards, added, “This research shows that prioritising renewable energy supply and consumption, while forgoing the short-term opportunity cost of decreased revenue from natural resources, would benefit from lowering the cost of borrowing in the sovereign debt market.”

In contrast, in developing markets, while yields tend to rise when carbon emissions increase, they are expected to fall when earnings from natural resources rise, and perversely, yields rise when renewable energy consumption increases. This suggests that investors in developing country debt prioritise the pursuit of economic growth and profits from natural resources over climate transition goals.

“Developing economies are less likely to have the resources needed to facilitate a transition from fossil fuel reliance to renewables, and thus they seem not to prioritise climate change targets,” Dr Richards said.

“While investors seem to focus instead on short-term factors, such as a developing country’s ability to repay debt and the fact that the profits from high natural resources rents may be higher than the uncertain payoff of transition.”

A warning for policymakers

While estimates vary in terms of reducing net carbon emissions to zero, it is projected that to achieve the goals set out by the Paris Agreement by 2050, spending of $50 trillion will be required. This expenditure will be largely financed by governments, with a sizable proportion of this spending allocated to renewable technology.

The evidence presented in this paper has clear implications for policymakers given sovereign bond markets are the benchmark from which every other asset class is priced.

“The sovereign debt market is one of the largest asset classes globally and has significant exposure to the full gambit of climate risks. However, unlike equities and even corporate debt markets, the integration of climate change considerations into the investment process has lagged significantly,” Dr Richards said.

The paper provides a clear argument to request greater government transparency on specific climate risks, strategies and policies that are inherently linked to the bonds they issue.

For example, Dr Ryan and Dr Richards believe the Australian government should be more open about the direct link between our borrowing costs and climate change.

“It is undeniable that governments are exposed to transition risk. Whether it is considered through the channel of directly or indirectly influencing yields via macroeconomic variables such as GDP, investors are already starting to penalise advanced countries with poor prospects of transitioning away from fossil fuels,” Dr Ryan said.

The post Sovereign debt market demands clear transition to renewables appeared first on AdviserVoice.

New research has explored the impact of career breaks.

Women in the Australian financial services sector are less likely to be promoted due to systemic gender bias, reducing their ability to navigate their chosen career path and realise their potential.

This is a core finding from research conducted by investment management company, Ardea Investment Management’s (Ardea IM) Head of Research, Dr Laura Ryan, in collaboration with researchers from the CFA Institute (Australia) and the Australian National University.

Dr Ryan said the research was designed to examine whether there was a statistically different promotion propensity in the sector according to gender.

“Our work shows there is strong statistical evidence of behavioural differences that lead to gender bias in promotions, mostly because the prevalence of ‘gifted promotions’, those received without being requested by the employee, strongly favours males,” Dr Ryan said.

“There is an urgent need for the Australian financial services industry to develop and adopt a standardised framework for corporate promotion policies to mitigate the systemic bias in current promotion rates for all genders.”

The research found women were substantially under-represented in the pool of people receiving unsolicited promotions by 25%, despite comprising 52.8% of total employees in the sector (WGEA, 2021). This was despite objective criterion such as education and experience being equal across gender.

The Australian findings are supported by international research that has identified that social bonds between male executives and their male managers is a significant factor in explaining higher promotional rates, enhancing their perceptions of “employee potential” even in the face of female staff exceeding their potential rating in formal annual reviews.

“The much higher proportion of gifted promotions to males suggests a degree of unconscious bias, which leads to assessment of potential based on generalisations and preconceptions rather than objective parameters,” Dr Ryan said.

The research explored the impact of career breaks and found that women should stay on the front foot in asking for promotions after returning to work.

The proportion of people requesting a promotion who have not taken a career break is uniform across genders, but women who ask for a promotion are generally more successful (25.9%) than men (17.2%).

However, after taking a career break of at least six months, women showed a substantially lower propensity to request a promotion than men.

“There is no doubt that women in financial services are leaning in to request promotions, which dispenses with the myth that women are missing out due to unwillingness to put themselves forward,” Dr Ryan said.

“Their higher success rate when asking for promotion indicates that there are no objective reasons for them to not to be receiving gifted promotions at a similar rate to their male colleagues.”

Ardea IM CEO, Stephen Clout, supported Dr Ryan’s call for a better framework for promotions policy in financial services.

“The financial services industry is noted for its analytic approach to business and investment, yet it is clear that it could do so much better by applying the same principles to staff assessment and advancement.

“Women comprise over 50% of financial services employees. This obviously means that they also represent at least 50% of our potential and it is important to have mechanisms in place to ensure we all realise the benefits of this irrespective of gender,” he said.

The post Women’s ambition stymied by promotion bias in financial services appeared first on AdviserVoice.

The Investor Agenda’s 2021 Global Investor Statement to Governments on the Climate Crisis contains the collective views of 587 investors from around the world, managing a total of more than US$46 trillion in assets – which is around 40 per cent of global assets under management. All 587 signatories have agreed to a set of policy recommendations that must be implemented swiftly to manage climate risk and channel trillions of dollars to address the climate crisis.

The 2021 Global Investor Statement urges governments to raise their climate ambition to limit global warming to no more than 1.5 degrees, implement meaningful emissions reduction policies, mandate climate-related financial reporting in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), and deliver COVID-19 economic recovery plans that support a just transition to net-zero emissions by 2050 or sooner.

The 2021 Global Investor Statement reads: “…we believe that those who set ambitious targets in line with achieving net-zero emissions, and implement consistent national climate policies in the short- to medium-term, will become increasingly attractive investment destinations.”

“Full implementation of the Paris Agreement will create significant investment opportunities in clean technologies, green infrastructure and other assets, products and services needed in this new economy.”

Ardea is committed to pursuing a net-zero emissions, climate resilient and prosperous future. Joining the 2021 Global Investor Statement continues Ardea’s efforts to manage climate risk and pursue the enormous investment opportunities in the global net-zero emissions transition.

The post Ardea Investment Management urges governments to rapidly scale up their climate ambition appeared first on AdviserVoice.

Kylie-Anne Richards

Leading fixed income specialist Ardea Investment Management has launched a new research partnership with the University of Technology Sydney (UTS).

The Ardea + UTS Academic Program will foster innovative and impactful academic research to advance knowledge in finance and further strengthen Ardea’s research capabilities, which is expected to benefit the large boutique manager’s clients.

Through the partnership, Ardea will jointly research projects, and author thought leadership articles with UTS researchers, and will provide industry mentorship to UTS students.

Ardea Head of Research and recently appointed UTS Industry Fellow Dr Laura Ryan will lead the participation by Ardea, with UTS Finance Discipline Group academics Dr Kylie-Anne Richards and Dr Gerhard Hambusch leading UTS’ involvement in the partnership.

The partnership is already bearing fruit, with Ardea and UTS currently investigating machine learning for trade idea identification, climate change and government bond investing, and the LIBOR transition and how it may impact trading opportunities. 

Ardea CEO and co-founder Stephen Clout said, “Ardea is thrilled to have this opportunity to work with an organisation of the calibre of the University of Technology Sydney. We believe this partnership will strengthen our offering to clients and enhance our trade idea generation process. It is a key component of our strategic plan to prepare Ardea for a strong pipeline of long-term growth opportunities and ensure we maintain our highest standards of alpha generation,” Mr Clout said. 

The partnership follows the appointment of Dr Ryan earlier this year to progressively build a research team to support Ardea’s growing investment capabilities by researching and developing relative value investment strategies.

Ardea’s relative value investment approach targets reliable risk-adjusted alpha that is independent of market direction and exhibits minimal correlation to broader fixed income and equity markets.

Founded in 2008, Ardea is one of Australia’s largest fixed income investment managers, entrusted with managing over $15bn on behalf of clients, including Australia’s most sophisticated institutional investors and a growing retail and wholesale investor base. 

The firm maintains majority ownership by employees to foster both long-term alignment of interests with clients and stability of the investment team and is partly owned by leading investment manager, Fidante Partners. 

Ardea’s flagship fund, the Ardea Real Outcome Fund, is the top performing fund in Mercer’s Australian Absolute Return Fund category for one year up to 30/06/2020 in terms of gross returns. It is also the top performing fund over three and five years^[1].

The UTS Finance Discipline was one of only four finance departments in Australia to have been awarded the highest possible ranking for research by the national research evaluation framework, Excellence in Research, for Australia in the State of Australian National University Research 2018-19: ERA National Report.

———

The post Ardea and University of Technology Sydney launch research partnership appeared first on AdviserVoice.

Gopi Karunakaran

The ActiveX Ardea Real Outcome Bond Fund (Managed Fund), an actively managed fixed-income ETF from Ardea Investment Management, has been added to award-winning investment and superannuation platform, HUB24.

The ETF is the first release in Fidante’s ActiveX series and is available under the ASX ticker code, XARO. It is the first actively managed fixed-income ETF in the Australian market that is not constrained by an index.

XARO’s underlying fund, the Ardea Real Outcome Fund (ARO) has $591 million of AUM (as at 30 April 2019) and has a strong track record of delivering consistent low volatility returns since July 2012. Ardea manage $1.9bn overall in the Real Outcome strategy when institutional clients are included, and have over $11bn in FUM at a firm-wide level.

Over the past three years, as conventional fixed income investments have been challenged, ARO has outperformed with a return of 5.6% p.a.^[1] (net of fees), or 3.77% p.a. above the benchmark^[2]. Portfolio Manager, Gopi Karunakaran, said Ardea was looking forward to a long association with HUB24.

“We are delighted to have XARO available to HUB24’s clients. As one of the fastest growing platforms in the market, we expect the association to significantly boost adviser interest in XARO,” he said.

ARO invests in the same high-quality government bonds that are typical of conventional fixed income portfolios but generates returns from them in a way that is independent of whether bond yields are high or low, while also neutralising their inherent interest rate duration risk.

ARO does this by combining Ardea’s unique ‘relative value’ investment approach with efficient risk management strategies that are intended to succeed in adverse market environments. These are packaged into a defensive portfolio that prioritises liquidity and capital preservation, while delivering attractive returns.

Mr Karunakaran said these attributes were particularly compelling in the current market environment.

“The combination of ultra-low bond yields, rising interest rate volatility and late cycle credit risks have left conventional interest rate duration and credit-based fixed income investments facing more risk for less return” he said.

“ARO managed to deliver strong positive returns through the difficult market environment of 2018 when many fixed income investments, labelled as ‘defensive’, had performance challenged because of their exposure to volatility in credit markets and interest rates,” he said.

It has been a big week for the Ardea team, with XARO’s underlying fund, ARO, named as the top performing international fixed income fund for the three-year period to 31 March 2019 by investment research house, Rainmaker, returning 5.4% against a sector median of 3.4% (net of fees)3.

XARO is also available on BT Panorama, Asgard and BT Wrap platforms for both Investments and Super, and the Macquarie Wrap platform for Investments.

The post ActiveX Ardea ETF continues platform success appeared first on AdviserVoice.

Mr. Alexander said the elevation of Mr. Clout, who has headed portfolio implementation and client relationships at Ardea, would enable him and the rest of the investment team to maintain their full focus on investing, without being distracted by business management.

“A key reason for Ardea’s success has been the ability of our investment team to put all our energy and expertise into our differentiated, relative-value approach to fixed income investing. This has enabled us to deliver reliable risk-adjusted returns that are independent of market direction and have minimal correlation to broader fixed income and equity markets. The need for this focus was also one of the key reasons we originally teamed up with Fidante Partners to manage operations, and distribution on our behalf.”

Founded in 2008, Ardea has maintained steady growth, with funds under management exceeding $11 billion at the end of February 2019 and an investor base including Australia’s largest institutional investors.

More recently, Ardea’s top performing Real Outcome strategy has been rolled out to the wholesale/retail market as the unlisted unit trust Ardea Real Outcome Fund (ARO), as well as the ASX listed ActiveX Ardea Real Outcome Bond Fund (Managed Fund) (ASX: XARO), launched in partnership with Fidante Partners at the end of 2018.

“We are grateful for the strong support we’ve received from our clients, as well as asset consultants, and are now evolving our business structure so that we can both continue to provide a high level of service to existing clients and manage growth in a considered and measured way well into the future”, Mr. Alexander added.

Mr Alexander said the Ardea board was confident that Mr Clout would provide the firm with the operational and strategic leadership needed to manage its next stage of growth.

“Stephen knows our business well, having helped found it more than 10 years ago. He also has deep, extensive relationships with our clients and is already very well-known and respected by the team.”

Mr. Clout, who will continue to have ultimate oversight of portfolio implementation, will be supported in this function by Chief Operating Officer Tracey Kellett, who joined Ardea from Fidante’s parent company (Challenger Limited) in February this year. Additionally, Ardea’s investment team was strengthened last year with the hire of relative value specialist and Portfolio Manager Jean Dumas from Deutsche Bank, while it’s dealing capacity was increased with the appointment of Darren Wadhera to the Portfolio Implementation team.

Ardea’s unique relative value investment approach now has a successful ten year track record across a range of actively managed domestic and global fixed income investment strategies, including absolute return, benchmark aware and customised objective based solutions.

ARO is the top performing absolute return fixed income strategy in the Mercer Survey of Australian Absolute Return funds over three and five years, as at the end of February 2019*.

Notably, ARO maintained strong performance throughout the difficult market conditions of 2018 and now has a six-year track record of delivering low volatility returns exceeding cash rates and CPI, independent of market direction. ARO has delivered a return of 5.02% p.a. (net of fees) over the past three years, which is 3.19% p.a. above the Benchmark**.

* From 28 February 2014 to 28 February 2019. Source: MercerInsight ®, Mercer Investment Performance Survey of Australian Absolute Return universe.
** As at 28 February 2019. Performance figures are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures. Past performance is not a reliable indicator of future performance. ARO’s benchmark is the Australian Consumer Price Index.

The post Ardea appoints Chief Executive Officer to manage continuing strong growth appeared first on AdviserVoice.

Tracey Kellett

Fixed income specialist Ardea Investment Management is pleased to announce the appointment of Tracey Kellett in the role of Chief Operating Officer (COO), effective immediately.

This role was created to cater for Ardea’s recent strong growth. Ardea now manages approximately $10.5bn* in funds under management for clients within the superannuation, insurance and government sectors. It successfully launched the ActiveX Ardea Real Outcome Bond Fund (Managed Fund) (ASX: XARO) in December 2018 and further growth is anticipated over the coming 12 months.

Ardea Investment Management Principal and co-founder Stephen Clout said; “The COO position is a newly created role that will take on new responsibilities as well as a number of tasks that were previously shared by the rest of the team, allowing investment personnel to focus on investing.

“As COO, Tracey will be responsible for ensuring growth is undertaken in a measured and appropriate manner so that Ardea can continue to deliver consistent and reliable returns for clients.

“She will also take on the responsibilities of the Compliance Manager to ensure Ardea meets all of its regulatory and investment compliance requirements. Ardea also maintains a number of third-party relationships which will be maintained and managed by Tracey.”

Ms Kellett is very well known to the Ardea team, having spent nearly six years with Challenger Limited in various roles, including Head of Investment Operations Support and Derivatives for three years. Ardea is owned by its staff in conjunction with Fidante Partners, the boutique investment management business of Challenger Limited.

Tracey Kellett, COO of Ardea Investment Management said; “I am delighted to join the Ardea team, which is supported by a unique relative value investment approach. Ardea has robust systems and processes that have delivered reliable risk-adjusted returns that are independent of market direction and exhibit low correlation to broader fixed income and equity markets.”

Ms Kellett will have oversight of portfolio and risk management systems development and continual improvement processes to ensure that, as technology improves, so do Ardea’s systems and ability to manage risk and deliver consistent returns.

In addition, Ms Kellett will be responsible for all of the operational requirements of the business which includes monitoring and supporting day-to-day tasks to ensure the deliverables of the business are met.

Ardea has a successful track record of actively managing a range of defensive fixed income strategies, including absolute return, benchmark aware and objective based solutions. The firm is an active investor across Australian and global government bonds, fixed income derivatives, inflation linked bonds and investment grade credit.

The post Ardea appoints Chief Operating Officer after strong growth appeared first on AdviserVoice.