Insourcing, outsourcing costs not too different

Australian asset managers who manage about $500 billion say there is little difference in the cost between managing front to back office operations internally and outsourcing such functions, says SimCorp. SimCorp, which provides investment and portfolio management software, says it surveyed 40 organisations including investment managers and software companies and found that many asset managers … Read more

Bill Shorten’s tax changes for foreigners

Australia will implement the final element of an investment regime that aims to attract investment from foreign asset managers by excluding their Australian gains and losses from tax. The exemption will be restricted to foreign managed funds domiciled in countries recognised by Australia as engaging in effective exchange of information, says the office of Bill … Read more