Investment group cancels all investor briefings
Investment and funds management group, 360 Capital Group, has cancelled all interstate travel and investor briefings scheduled for March and April in 2020 in Sydney, Melbourne, Brisbane, Adelaide and Perth due to “evolving health concerns” and advice from government bodies not to gather in large groups.
This would include all the investor briefings intended to provide an update on the following existing and new funds, the firm said in the announcement made to the Australian Securities Exchange (ASX) on Tuesday.
The company said it would skip face-to-face meetings and encouraged all the parties involved to follow information with regards to HY20 results as well as its new fund upcoming launches on its website.
“The health of our staff, investors and stakeholders is our ongoing priority, so this ensures we’re doing our part to minimisation the spread of COVID-19,” the firm said in the announcement.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.