HESTA, ReNu & Countrywide to develop green hydrogen
Health worker industry super fund HESTA has signed a term sheet with ReNu Energy and Countrywide Hydrogen to commit up to $100 million for the development of green hydrogen projects.
Managing climate risk in equity portfolios
Asset managers and owners have a range of tools and strategies to manage climate risk within asset portfolios. However, the impact of the performance test on super funds is hampering investment behaviour.
ASIC revokes DDO stop order on Neldner Road Vintners
An interim stop order placed by ASIC on Neldner Road Vintners in response to deficiencies in the issuers’ Target Market Determinations (TMD) has been revoked.
Martin Currie Ethical Income Fund wins Lonsec Sustainable Fund of the Year Award
The Martin Currie Ethical Income Fund (MCEIF) has won the Sustainable Fund of the Year Award for 2022.
GSFM appoints Michael Angwin to its distribution team
Fund manager GSFM has appointed Michael Angwin to a newly created consultant and wholesale distribution role.
Ponzi scheme director pleads guilty
Former Courtenay House director Tony Iervasi has pleaded guilty to five criminal charges regarding operation of a $180 million Ponzi scheme.
State Street reappointed by Rest to provide custodial services
State Street Corporation has been reappointed by industry fund for retail workers, Rest, to provide custodial services.
Capital Group appoints new Head of Fixed Income Business Development for Europe and Asia
Capital Group has appointed Scott Steele as head of fixed income business development for Europe and Asia.
Kaplan Professional and BlackRock launch industry-first ETF short course
Kaplan Professional and BlackRock have launched an industry-first ETF short course.
FPA/AFA merger vote to be conducted next February
Voting on the merger between the Financial Planning Association and the Association of Financial Advisers has been confirmed for February 2023.
Private debt offers attractive returns but allocation constrained by performance test
Private debt can provide investors with attractive returns and a natural hedge against rising interest rates. However, the Your Future, Your Super performance test imposes constraints on super funds’ allocation to this asset class due to tracking error.
Westpac results offer no update on Panorama sale
The much-anticipated next destination for BT Panorama will continue to remain a mystery with Westpac’s full year results offering no update on the sale of the platform business.
