December 11, 2020

ASX breaks seven day winning streak

ASX breaks seven day winning streak, AUD starting to bite, tech under pressure The ASX200 (ASX:XJO) couldn’t take it’s winning run beyond seven days once again, falling 0.7% on the back of weakness in the technology sector, down 2.1%.  The weakness was

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BNY Mellon goes for experience with new Aussie head

After a six-month search, BNY Mellon Investment Management has filled the gap at the top in Australia, recruiting experienced funds management CEO and marketer Paul Bolinowski as its new country head. He will be responsible for providing the overall strategic

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Moffitt and Selth in dramatic investment turn

Phil Moffitt, a former Australia head of Goldman Sachs Asset Management and renowned bond manager, and Chris Selth, an international equities manager in Sydney and New York for BT and Five Oceans, are undertaking a very different venture. They have

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Class action puts more pressure on IOOF

Following forceful questioning by shareholders at its annual meeting last month comes news that a class action against IOOF, undertaken by Shine Lawyers, has progressed through the funding stage. A previously proposed action, through lawyers Quinn Emanual, was dropped early

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Allen Partners brings bitcoin manager to Australia

Due to its open-source ethos, bitcoin has travelled an unconventional growth path. For starters, no-one seems to know who invented it (rumoured to be a Sydneysider, possible pseudonym Hitoshi Nakamoto) but what we know is when it will all end

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Cambridge out, JANA in for NZ trust

by David Chaplin The NZ$1.5 billion (A$1.4 billion) Foundation North has replaced Cambridge Associates with the Australian firm JANA as investment consultants. The move ends a 10-year relationship between the big community trust and Cambridge. In a release last week

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The generational change at Maple-Brown Abbott

After nearly 20 years at Maple-Brown Abbott Ltd, Australia’s quintessential home-grown boutique fund manager, Dougal Maple-Brown doesn’t get too carried away with what for the past couple of months has been looking like, at last, a rotation in the style

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