AQR fund gains momentum
AQR's Wholesale DELTA Fund - Class 1F benefited from more positivity in the market during October.
The company reported the fund was up about 1.2 per cent (gross) for the month with eight of the nine strategies contributing positively.
The company's analysis said October had seen a return in risk appetite with equities, commodities and other risk assets rebounding strongly following an easing of global growth concerns and increased confidence that European leaders were making progress towards resolving European sovereign debt problems.
It said long short equity was the largest contributor, with event-driven, global macro and emerging market strategies also contributing meaningfully.
Recommended for you
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
Financial advisers will have to pay around $10.4 million of the impending $47.3 million CSLR special levy but Treasury has expanded the remit to also include super fund trustees and other retail-facing sub-sectors.
While social media can have positive financial influence, the overwhelming risks signal a greater need for affordable advice as Australians continue to seek financial education on social media.
Fitzpatricks Advice Partners has released a guide on building a national advice firm with the argument that these firms are crucial to facilitating growth in the struggling profession.

