Third-party marketer gains retail AFSL

Australian Wholesale Funds Marketing, a third-party marketer for groups such as value fund-of-funds manager Davis Selected Advisors, has changed its name to Australian Funds Marketing (AFM) after receiving an expanded AFSL allowing it to operate retail managed investment schemes.

It has established the AFM Davis Value Trust, with State Street as custodian and administrator, and is approaching platforms on the back of a ‘highly recommended’ rating for the product from Zenith Investment Partners. AFM also represents Edinburgh-based global equity manager Martin Currie, Ohio-based private equity manager Peppertree Partners, and the transition management business of Deutsche Bank.

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Aware backs tougher law to ensure company action against modern slavery

Aware Super has backed the call for a legislative change that will introduce mandatory human rights due diligence for large Australian companies, as head of responsible investment Liza McDonald said it’s a “reasonable request” which will help asset owners understand and manage the governance risks in their portfolios.

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