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08 April 2016 • By • 1 min read

Azimut takes majority stake in Sigma Funds Management

Italian asset manager Azimut has entered the local funds management space by taking a majority stake in Sigma Funds Management. Following its entry ...

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ANZ to refund $5 million for incorrect fees

ANZ will refund around 25,000 customers after it failed to correctly apply fee reductions and fee waivers, according to ASIC. In a public ...

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Active managers being dudded on returns

Assessing the value of active management based solely on disclosed holdings may well be selling fund managers short, according to a new paper

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Mid-tier dealer groups announce merger

Non-institutional financial planning groups Beacon and Risk and Investment Advisers Australia (RIAA) have announced they will merge in July

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Suncorp names new CEO

Suncorp Group has appointed a new group chief executive and managing director to take the reins from current chief executive Patrick Snowball when he ...

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Outsource wealth admin, says Pharos

Smaller financial services firms should emulate the big institutional players and offshore their administrative functions, argues a new paper by ...

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AWI chief executive calls it quits

Following structural changes within the board of Australasian Wealth Investments Limited (AWI), current chief executive and managing director Ben Heap ...

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La Trobe expands NSW distribution team

Credit-focused fund manager La Trobe Financial has hired former mortgage broker and Bendigo BDM Ben Flood to join its Sydney distribution team

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Kearns appointed InterRisk MD

Former Centric Wealth chief executive Phil Kearns has been named as the new managing director of insurance brokerage InterRisk Australia

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Super consortium invests $110m in European debt

Prime Super and MTAA Super have taken a majority position in the junior debt of Europe's largest train leasing company, Alpha Trains Holdings

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