High levels of market volatility coupled with low yields have created a prime environment for actively managed products, according to Natixis Global Asset Management.
Italian asset manager Azimut has entered the local funds management space by taking a majority stake in Sigma Funds Management.
Non-institutional financial planning groups Beacon and Risk and Investment Advisers Australia (RIAA) have announced they will merge in July.
ANZ will refund around 25,000 customers after it failed to correctly apply fee reductions and fee waivers, according to ASIC.
Suncorp Group has appointed a new group chief executive and managing director to take the reins from current chief executive Patrick Snowball when he steps down.
Assessing the value of active management based solely on disclosed holdings may well be selling fund managers short, according to a new paper.
Smaller financial services firms should emulate the big institutional players and offshore their administrative functions, argues a new paper by Pharos Financial Group.
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Northern Trust adds BDM to Melbourne office
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