Macquarie withdraws from S&P review
Macquarie Group has announced the withdrawal of its Professional Series from Standard & Poor's (S&P) 2012 Global Equity Review.
This comes as a consequence of S&P closing its Australian retail ratings offering in October this year.
Head of Macquarie Professional Series, Adrian Stewart, said the business had enjoyed a "long and professional relationship" with S&P and that Macquarie was sorry to see them leave the market.
"They have been a strong ratings house which offered the Australian financial planning industry high quality research and ratings across a large universe of funds," Stewart said.
Macquarie has picked up several S&P Fund Manager awards in the past few years, including categories such as global equities developed markets and alternatives.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
