Industry Updates

LGT and StepStone offering open-ended venture capital fund

LGT Crestone has partnered with StepStone Private Wealth to offer a new open-ended venture capital fund called the StepStone Private Venture and Growth Fund (SPRING). 

BTC adds Polkadot crypto to platform

BTC Markets has added the cryptocurrency Polkadot (DOT) to its platform tradeable  from today (7 December 2022). 

BlackRock implements stock split

BlackRock has implemented a stock split of iShares S&P 500 ETF (IVV), iShares S&P 500 (AUD Hedged) ETF (IHVV), and iShares S&P Mid–Cap ETF (IJH). 

VanEck to list gold bullion ETF on ASX

A gold bullion ETF (NUGG) from VanEck will be tradeable on the ASX from Wednesday morning (7 December).

PAN-Tribal Global Equity Fund: ‘Highly Recommended’ for fifth year in a row

Fund researcher Zenith has provided the PAN-Tribal Global Equity Fund with its ‘highly recommended’ rating for the fifth year in a row.

RBA gives 25bps increase

In the final board meeting for the RBA in 2022, the reserve bank has increased the cash rate by 25bps to 3.10 per cent.

Qualitas appoints new head of income credit

Alternative real estate investment manager Qualitas has appointed Mark Power as the head of income credit.

Financy partners with UniSA for diversity tech solution

Australian fintech Financy has partnered with the University of South Australia’s Centre for Workplace Excellence (CWeX) to develop Impacter – a new tech solution that helps organisations manage and prioritise performance on diversity, equity and inclusion.

Australia’s AAA rating reaffirmed

Australia’s AAA credit rating has been reaffirmed by international ratings agency Fitch Ratings, according to an announcement from Treasury. 

Fogarty joins Kelly & Partners Chartered Accountants

Former Fitzpatricks Private Wealth chief executive Matt Fogarty has commenced a new role as head of private wealth at Kelly & Partners Chartered Accountants.

HESTA completes merger with Mercy Super

Some 13,000 Mercy Super members and their assets have moved to industry fund HESTA in a recently-completed merger, bringing the total funds under management to almost $70 billion. 

Former VicSuper CEO to replace CareSuper’s Lander

Former VicSuper CEO Michael Dundon has been announced as the replacement for outgoing CareSuper CEO Julie Lander.

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