by Greg Bright After several years of shareholder complaints, customer complaints and a Royal Commission which also snared the big four banks plus AMP, IOOF is now in the firing line from Shine Lawyers in the latest big class action in Australian financial services. Shine, which has mounted several major class actions in recent years,…
Zenith Investment Partners, controlled by private equity firm Five V Capital, and Chant West Holdings, a listed company which includes the software business Enzumo, are considered likely to reach an accommodation regarding their previously agreed merger. Zenith called off its part in the merger last week, but Chant West is disputing the action. While none…
Chant West has cancelled its annual black-tie awards night, scheduled to be held, this year in conjunction with Conexus Financial, in Sydney on May 14. But the research firm will hold a virtual version of its awards through a live stream to highlight the achievements of the finalists and winners. Brendan Burwood, Chant West managing…
David Bell, the executive director of the Conexus Institute investment and social research body, announced last week that most of the organisation’s efforts would be devoted to analysing and advising on the impact of the coronavirus. It has suspended some projects accordingly. Bell, a former fund manager and CIO of Mine industry fund, said: “The…
Frontier Advisors last month published its initial views on the dramatic shift in the global macro-economic environment which suggested the Australian economy could contract by 6 per cent in 2020 due to Covid-19. The firm will today publish a follow-up short paper for clients, which shows some optimism given the fiscal response of Australia’s federal…
Investor Strategy News will not be published next week, Easter Monday (April 13), a public holiday. We’re having a break. Believe it or not, it is more difficult to produce a media title in lockdown compared with being out and about. But the media has a long history of taking the Tuesday after Easter off….
by Greg Bright It never rains but it pours. John Streur, the president and chief executive of US specialist ESG manager Calvert Research and Management, based in Washington, was scheduled to speak at three gatherings in Australia two weeks ago. They were all cancelled. His message is still clear, though. And it is about the…
Managed accounts allow financial planners to become ‘more professional’, according to Toby Potter, the chair of IMAP. They now represent almost 10 per cent of all the wholesale/retail money on platforms. They have now eclipsed ETFs in assets under management after a 28 per cent rise last year. Not that the two are mutually exclusive….
Warakirri Asset Management has appointed Joe Marassa to the newly created position of head of ‘marketing and product’. Based in Sydney, this role will report to Jim McKay, Melbourne-based managing director. In this role, Marassa will lead the marketing, product and digital strategy for Warakirri as well as being part of the leadership team. He…
