Laura Mitchell has exited abrdn after more than 12 years, moving over to Atrium as sales manager.
Blackwattle Investments Partners, a new diversified fund manager, has commenced operations and will launch its first four investment portfolios from July 2023.
A former fund manager has been banned by ASIC for three years for naked short selling of shares worth $7 million.
The new fund will invest in a diversified portfolio of some 25–70 Australian small-cap companies believed by the asset manager to be undervalued.
There continues to be slow but steady growth in adviser numbers, with the number increasing to 15,846 following a small net gain of one adviser this week, according to Wealth Data.
If banks and super funds were to begin providing advice, this advice director expects it would “absolutely spark another round” of mergers and acquisitions.
Interest rate forecasts are a "distraction", according to one asset manager, which has described the market as a “demonic beast”, working to “trick” investors into making poor financial decisions.
Five finalists will battle it out to win the coveted 2023 Fund Manager of the Year award at this year’s ceremony
China’s reopening is leading the attractive path forward for Asian equities, but investors should remain selective, according to abrdn’s Asian equities investment director.
EXCLUSIVE: The major product provider has rejected “hysteria” surrounding passive strategies and argues that ETFs do not distort markets.
