Prosperity Advisers, a Newcastle-based multi-award winning accountancy and financial planning business, has been caught out in the Westpoint scandal, with angry clients chasing $15 million.
You win some, you lose some – MIR’s roller-coaster week
It’s been a good and bad week for MIR Investment Management. The value and momentum boutique equities manager won the Money Management/IMCA Funds Manager of the Year Award, while S&P Fund Ratings, which used to judge that award, put MIR’s main funds ‘on hold’ for investors.
Watson Wyatt replaces ‘half’ of Henaghan
Watson Wyatt Investment Consulting (WWIC) has gone part of the way to replacing former director of investment manager research, Sean Henaghan, who moved to AMP’s Future Directions Fund in February.
Pentacle funds offer quick redemption in ‘platform friendly’ structure
Pentacle Property Funds Management has launched two high-liquidity unlisted direct property funds of funds, with one offering investors access to their money within just three days.
AMP Capital opens up funds for retail investors
AMP Capital Investors is opening up four institutional managed funds to retail investors, in both on-and-off-platform versions. The funds will be offered via a new distribution channel, called AMP Capital Private Clients.
Most excellent: Count discovers star in Newcastle
At only 38 years of age Stephen Ballinger is a veteran of the financial services industry. Ballinger, who received an award for excellence at Count’s conference which kicked off yesterday in Auckland, explains what makes his business tick.
AUI Platypus Australian Equities Trust – Retail Units
Australian Unity launches a Platypus-managed concentrated Australian equity portfolio for retail & wholesale investors.
AUI Platypus Australian Equities Trust – Wholesale Units
Australian Unity launches a Platypus-managed concentrated Australian equity portfolio for retail & wholesale investors.
Watson Wyatt replaces 'half' of Henaghan
Watson Wyatt Investment Consulting (WWIC) has gone part of the way to replacing former director of investment manager research, Sean Henaghan, who moved to AMP’s Future Directions Fund in February.
BNP’s Gail Burke off to new role in London
Gail Burke, the head of BNP Paribas Securities Services in Australasia for the past three years, is to become chief operating officer for the business in London, being replaced by a 20-year Paribas veteran, Jean Marc Pasquet.
Online, offline, streamlined: the future of investor communications
The Federal Government’s recent announcement to allow listed companies to make annual reports available to shareholders online, rather than mailing hard-copy reports to shareholders, has significant implications for managed investment schemes as well as companies. This and other advances in investor communications will be analysed at a special half-day seminar in Sydney on May 30, organised by the Australasian Investor Relations Association (AIRA).
Saxby associate to face million dollar theft charges
Dean George Scook, Perth entrepreneur, and Carol Norma Hardie, former director of Southern Wine Corporation (SWC), appeared in a West Australian court last week to face charges of stealing over $1 million.
