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21 August 2017 • By • 1 min read

Perpetual LIC posts $31.8 million profit

Perpetual Equity Investment Company has posted a strong net profit after tax for 2016-17, up 318 per cent on last year’s $7.6 million profit. The ...

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Australian Ethical expands distribution team

Australian Ethical has created two new distribution roles, manager of adviser relationships and manager of partner relationships. Australian ...

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Fund managers the ‘losers’ in MDA growth

The increased adoption of managed accounts will inevitably put investment managers and stock brokers under pressure, says the Institute of Managed ...

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Beware ‘complacency and overconfidence’

The nuclear rhetoric of past weeks and the subsequent return of volatility to markets ought to shake investors out of their complacency, says ...

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Banks must carry the torch on robo-advice: Tria

With financial advisers either too slow or reluctant to adopt robo-advice solutions, it will be up to the banking sector to provide low-cost options ...

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Bank behaviour warrants royal commission: Ripoll

There is simply “too much evidence” that a royal commission into the Australian banking sector is required, says former Labor federal politician ...

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PM Capital fund added to Netwealth platform

The PM Capital Australian Companies Fund has been added to Netwealth’s investment platform. Australian equities manager PM Capital has reached an ...

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Northern Trust wins custody mandate - 2017

Australian equities manager JCP Investment Partners has appointed Northern Trust as its custodian. Northern Trust was chosen by JCP after a ...

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IRESS first half profit down 10%

Financial software provider IRESS has posted a reduced first half profit of $29.5 million, pulled down by currency movements and costs associated with ...

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Super funds looking to insource FX hedging

The number of super funds planning to insource their currency hedging implementation has more than doubled over the past two years, according to NAB

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