James Fielding Funds Management, the funds management arm of Mirvac Group, will launch at least one direct property fund this year targeting the wholesale industry following the appointment of Grant Hodgetts to the newly-created position of head of wholesale funds.
A change is better than a rest: how a Tamworth planner revitalised his business
Last week David Hinwood signed up with the new BT dealer group Magnitude – the first adviser to join. He explains the reasons for the move and why his passion for the business has been re-ignited.
Market outlook all about sustainability of economic growth
Relatively benign market conditions face investors this year, with continued strength for commodity prices, corporate earnings and economic activity – particularly in developing countries – underpinning a suggested tilt towards growth stocks.
UBS Global Select Shares Fund
UBS Global Asset Magagement is set to launch a new international equity fund for the retail and wholesale markets.
UK purchase may allow DSTi to enter Australian planning software market
DST International (DSTi) will look to expand into a new area of the retail market for superannuation software in Australia following its acquisition of a UK pensions software provider.
Mercer predicts private equity bubble in US
Mercer Investment Consulting is predicting another private equity bubble in the US and has warned clients that because of limited capacity of top-tier managers, many new investors may be disappointed with future returns.
Intech adds HAT to HOT for concentrated multi-manager spread
The Australian shares version of Intech’s international High Opportunities Trust (HOT) has been seeded with $100 million from two existing clients and is expected to remain open to other investors for only a short period of time
Legg Mason taps London office for new head of equities
The current head of European equities for Citigroup Asset Management, London-based Reece Birtles, is to take up the job as head of Australian equities and balanced funds for Legg Mason Australia.
Macquarie goes with InfoComp, again, for risk system
Software developer InfoComp has completed the latest extension of its Composer administration system, Composer Life, which has been tailored for Macquarie Adviser Services (MAS).
Shareholders group to vote against Barnes options at AWM
The Australian Shareholders Association will be voting against the proposed issue of options by Australian Wealth Management to its managing director, Andrew Barnes, tomorrow, following the revelation last week that the options will vest as soon as the merger with Select Managed Funds is completed.
Bips falling out of favour for unit registry fees
Basis point pricing for unit registry services is increasingly coming under pressure, according to Tim Worner, head of the Melbourne office of fund management consultancy specialists CSTIM.
Financial fringe-dwellers face court
An ASIC sting resulted in four people facing charges brought by the Commonwealth director of public prosecutions in the Brisbane Magistrates Court last week for giving investment advice without a licence.
