LGT Crestone launches diversified alternatives fund

alternative-assets/lgt-crestone/Alternatives/

The wealth management firm has unveiled a new fund in partnership with PG3 AG and investment specialist Longreach Alternatives, describing the investment solution as an “alternative” to traditional alternatives.

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GQG completes M&A to form Private Capital Solutions division

GQG-Partners/Pacific-Current-Group/M&A/private-capital/

GQG Partners has completed the acquisition of the minority interests held by Pacific Current Group in three affiliates which will form its new Private Capital Solutions division.

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Will advice firms take on workplace visas to ease shortage?

ESG/financial-advice/migration/recruitment/Sarah-Abood/siaa/Kaizen-Recruitment/

The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?

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‘No free lunch’ for advisers in alternatives

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There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.

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Iress refutes alleged ‘threat actor’ statements over cyber incident

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Iress has issued an update denying the validity of “certain statements” made by an alleged threat actor, following a cyber incident last weekend.

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‘No big wins’ for advice sector in 2024 budget

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The FSC and FAAA have pinpointed the small wins and losses in Treasurer Jim Chalmers’ third budget, noting that successfully achieving change can be a “hard grind” for the profession.

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Crypto promoter pleads guilty to providing unlicensed financial services

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An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.

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T. Rowe Price reluctant to up Australian allocation

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T. Rowe Price believes Australian growth is successfully managing to shrug off consumer weakness, but the firm’s multi-asset team is not yet positive enough to increase its underweight position.

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Operating as Entireti: Fortnum CEO unpacks new parent brand

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With Fortnum Private Wealth and Professional Financial Services now unified under the Entireti umbrella company, CEO Neil Younger has detailed to Money Management the firm’s new direction and future expansion.

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‘Back in black’: New entrants turn YTD adviser numbers positive

Wealth-Data/new-entrants/adviser-numbers/

Financial adviser numbers are “back in black” for the year to date, thanks to 50 new entrants joining the industry over the last four weeks.

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