A new study by Cerulli Associates has raised doubts about the wisdom of the widely accepted ambitions of both planners and money managers to attract and retain high net worth clients.
Macquarie Diversified Rural Property Fund
Macquarie’s latest launch gives wholesale investors access to a broad range of large scale farmland and rural supply chain property across a diverse mix of commodities.
Intech adds global property to concentrated fund range
Intech Investment Consulting has launched another fund with a concentrated portfolio – this time for global listed property.
Bravura goes public with $40m offering
Funds management systems provider Bravura Solutions is looking to raise $40 million through its public float, which was first foreshadowed last year.
Disgraced accountant crash-lands in court again
Former high-flying accountant, Steven Hart, and the managing director of his failed accountancy ‘aggregator’ firm Harts Australasia faced charges in a Brisbane court last week for breaching continuous disclosure rules.
SMAs to get upgrade as Asgard reboots share options
The St George-owned Asgard platform will outsource its separately managed account (SMA) capability and plans to appoint a new operator by the end of the year.
Tower back into investments with new multi-manager partner
Tower Australia Investments will announce a new multi-manager partner next month, after making the decision to outsource the process earlier this year.
Old Mutual to stick with Skandia despite losses
Old Mutual will not ‘give-up’ the Skandia brand in Australia and will continue to support its growth, according to Hasan Askari, Old Mutual Asia Pacific chief executive.
Putnam 10 per cent of the way back
Putnam Investments has signed two new global equities mandates worth almost $400 million, roughly 10 per cent of the amount it had managed on behalf of BT Financial Group before being replaced by fellow US manager, AQR, earlier this year.
FFA to produce tax-efficient movies
A 50/50 joint venture between Australia’s Goldstream Capital and Future Film Group United Kingdom is looking to lure investors to the silver screen.
AMP dumps industry funds
AMP Financial Planning (AMPFP) has ditched industry funds from its approved products and services list, citing a lack of demand.
Beaurepaire ends long tenure at ANZ Custody
ANZ Custodian Services will expand its sales and marketing team under new director Angelo Calvitto, who took over from Kate Beaurepaire following her resignation late last month.
