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Relative Return: The appeal of global private credit

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FSCP issues reprimand over SOA failings

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The Financial Services and Credit Panel has made its latest ruling over a case involving an incorrect Statement of Advice.

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LGT Crestone launches diversified alternatives fund

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The wealth management firm has unveiled a new fund in partnership with PG3 AG and investment specialist Longreach Alternatives, describing the investment solution as an “alternative” to traditional alternatives.

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GQG completes M&A to form Private Capital Solutions division

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GQG Partners has completed the acquisition of the minority interests held by Pacific Current Group in three affiliates which will form its new Private Capital Solutions division.

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Will advice firms take on workplace visas to ease shortage?

ESG/financial-advice/migration/recruitment/Sarah-Abood/siaa/Kaizen-Recruitment/

The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?

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‘No free lunch’ for advisers in alternatives

morningstar/Alternatives/CIO/private-credit/global-private-assets/

There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.

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Iress refutes alleged ‘threat actor’ statements over cyber incident

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Iress has issued an update denying the validity of “certain statements” made by an alleged threat actor, following a cyber incident last weekend.

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‘No big wins’ for advice sector in 2024 budget

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The FSC and FAAA have pinpointed the small wins and losses in Treasurer Jim Chalmers’ third budget, noting that successfully achieving change can be a “hard grind” for the profession.

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Crypto promoter pleads guilty to providing unlicensed financial services

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An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.

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T. Rowe Price reluctant to up Australian allocation

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T. Rowe Price believes Australian growth is successfully managing to shrug off consumer weakness, but the firm’s multi-asset team is not yet positive enough to increase its underweight position.

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