Pengana Capital Group has exceeded the minimum subscription on its Pengana Global Private Credit Trust IPO, two days after launching.
The Financial Services Council is proposing to make the sophisticated investor test less subjective as currently wholesale fund managers are hesitant to apply it.
Following the closure of four investment teams last month by First Sentier Investors, Colonial First State has proposed multiple replacement managers for the CFSIL funds.
Insights from Ensombl has ranked practice management as the most frequently discussed topic among financial advisers as many move away from a licensee to set up their own businesses.
ASIC has cancelled the AFSL of a Victorian asset manager, seven months after an officer of the company was charged with money laundering offences in an AFP investigation.
Vital Business Partner has launched a new coaching solution to assist financial advisers and business owners looking to grow their practices and drive efficiencies.
ASIC chair Joe Longo has told a Senate select committee that it has been running two pilot AI programs, including one to read public submissions.
Pengana Capital Group (‘Pengana’) is a diversified funds management group, with distinct and differentiated investment strategies that aim to deliver superior long-term risk-adjusted returns to investors.
The decision to scale up a small advice practice can be a difficult judgement call. Money Management speaks with two advisers on whether the potential gains outweigh the initial costs for their business.
A former AMP financial adviser has urged advisers in the BOLR class action against AMP to object to the “unfair and unreasonable” $100 million settlement sum as the objection deadline approaches on 22 May.
