Victorian Funds Management Corp. lost $1.3 billion in the third quarter after falls in global stock prices.
Editors Pick #2
Mario Batali Is Sorry bit.ly/tNYG1k Yahoo is searching for a future. It offers a spectacle that involves huge war chests and equally inflated egos econ.st/v49Op6 Speech by Philip Lowe, Assistant Governor, to Australian Farm Institute Agriculture Roundtable Conference, Melbourne –goo.gl/Rjs1U Study: Asian American teens are bullied more than youths belonging to any other racial group ow.ly/7orZ4 An unemployment … Read more
Which analysts have good ideas? Investable may know
Investors soon may be able to track analyst stock recommendations and discern whether they are good or bad.
Which analysts have good ideas? Investable may know
Investors soon may be able to track analyst stock recommendations and discern whether they are good or bad.
Perpetual chairman may review executive pay
Perpetual Ltd. chairman Peter Scott said at the November 3 annual general meeting “the recent performance of the company has not been acceptable” and the fund manager may “fundamentally re-think how we reward the staff.”
Neuberger Berman expects more mandates
Neuberger Berman Australia Ltd. expects a couple more mandate wins to add to the five it has won since April worth $550 million.
Bill Shorten confident 12% superannuation will pass parliament
Bill Shorten is confident Federal Parliament will pass a bill boosting compulsory superannuation to 12 per cent from 9 per cent, adding it was necessary so Australians don’t retire poor.
Templeton’s Wilton digesting Sisson who likes Qantas, criticises Lowy
Franklin Templeton Investments Australia Ltd. doesn’t plan to add another fund manager after buying Andrew Sisson’s Balanced Equity Management in July. But it says it would be logical to have a team that offers Australian bonds or investments in stocks outside the S&P/ASX 100 Index.
Phil Kearns has some advice (Corrected)*
This article was corrected November 11.
Phil Kearns, the former Australian rugby union captain, has some advice on how a team within a corporation should work. The World Cup winner is a managing director in corporate finance at Investec Bank (Australia) Ltd..* Kearns says everyone should play the role that is required of them.
Ankura Capital closes, will return $1 billion (Corrected)*
A correction to this article was issued November 11.
BNY Mellon Asset Management has closed Ankura Capital, its Australian and Japanese equities boutique, and will return $1 billion to clients.
Editors Pick #1
Wealth managers get “hands on” to justify fees – Financial Times Britain’s financial services sector paid out £14bn in bonus – The Telegraph UK Financial advisers accused of “ripping off” pension savers – The Telegraph UK US: Private label ETFs for advisers – FA Many ways to count inflation: What’s a financial adviser or retiree … Read more
Two-horse race to be Sunsuper’s custodian
The $18 billion Sunsuper will choose State Street Corp. or National Australia Bank Ltd. (NAB) as its custodian as the fund enters the final stages of a long tender, people familiar with the matter say.
