All Star FUM grows
Funds management company All Star Funds believes it has managed to defy the global financial crisis to cement a foothold in the Australian funds management market.
All Star managing director Kate Mulligan said despite being launched before the start of the crisis, the manager had experienced strong inflows and now had around $80 million in funds under management.
The PIS-linked All Star announced this week that its IAM Australian Share Fund had topped the Morningstar tables for the June quarter, exceeding the benchmark by 10.65 per cent and returning 22.05 per cent for the period.
AUTHOR
Mike Taylor
Recommended for you
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
