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Pendal to terminate Asian fund due to ‘small size’

pendal/Pendal-Group/Asia/

Pendal is set to shutter its Asian Share Fund in August as it has “little prospect” of significant growth in funds under management.

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Relative Return: What it means to be a contrarian investor

Podcast/Relative-Return/

In this episode of Relative Return, host Laura Dew chats with Zahid Kassam, portfolio manager at MFS Investment

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Australia playing catch up in alts investment market

Alternatives/private-markets/blackrock/Franklin-Templeton/

Australia’s alternative investment market is set to enjoy further evolution and growth thanks to innovation overseas, predicts BlackRock and Franklin Templeton.

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Aussie advisers garner higher client loyalty than global peers

client-relationships/financial-advice/wealth-management/

An EY report has revealed Australians are more loyal to their advisers than the global average, highlighting relationship-building opportunities amid market changes.

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How this hedge fund start-up is reinventing stockpicking through AI

artificial-intelligence/funds-management/investment-management/

Hedge fund manager Minotaur Capital is taking an AI-led approach to sourcing investment opportunities, comparing the adoption of AI to that of Microsoft Excel in the 1990s.

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Advice sector welcomes stability ahead of retiree wave

Adviser-Ratings/financial-advisers/

The financial advice profession has reached a period of relative stability, according to Adviser Ratings, enabling industry participants to prepare for the incoming silver tsunami.

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DASH teams up with private markets fintech

dash/private-markets/financial-advisers/

The technology group has announced a strategic partnership with global alternatives fintech firm, S64, to improve adviser access to private markets.

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Bravura confirms series of strategic hires, promotions

Bravura/Bravura-Solutions/appointments/

Bravura Solutions’ platform Midwinter has announced several appointments and internal promotions to bolster its growth trajectory, which includes two senior business development managers.

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CPD non-compliance lands advisers in front of FSCP

FSCP/

Two advisers have received reprimands from the Financial Services and Credit Panel after falling short of their CPD requirements.

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ASIC imposes licence conditions on AFSL over unlicensed advice concerns

ASIC/financial-advice/

ASIC has imposed licence conditions on a financial services firm following concerns its customer service representatives have been giving unlicensed advice.

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