SMAs battle platforms for right to squeeze manager margins

Naoumidis admits that the SMART Funds will benefit from the lobbying already done by Perpetual Investments on behalf of its WealthFocus Investment Advantage platform, which gained an ATO tax ruling which will allow investors to switch between 76 underlying funds without crystallising any capital gains tax. Naoumidis will seek a similar ruling.

 

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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