Page 30 - Knowledge Centre News Today

Asset manager expands investment team with new hire  — 1 minute read ECP Asset Management has added a new addition to its investment team. Justin Warton, who started at the company in Sydney last week, is now the seventh member on the investment team. Mr Warton joins ECP from First Sentier Investors where he worked as an investment analyst and previously served two years in London with First State’s European team. Advertisement "); googletag.cmd....

Government reappoints two RBA board members  — 1 minute read 07 July 2021 Treasury has announced that two board members of the central bank will have their tenures extended. In a statement, Treasurer Josh Frydenberg said Guy Debelle had been reappointed as deputy governor of the RBA for five more years commencing September, while Ian Harper had also been reappointed as a part-time board member of the central bank for a further five years. "Dr Debelle has b...

A balancing act ahead for investors in H2 By Simon Doyle 06 July 2021 Australia’s economic recovery since the COVID-19 pandemic hit has been nothing less than remarkable. Following the collapse in the market in March 2020, the S&P/ASX All Ordinaries Index has steadily climbed back to over 7,000 – something few would have predicted 12 or even six months ago. In addition, key data points such as unemployment levels look su...

These stocks may not be sexy, but could they be the key to stock market success? The pros and cons of value investing By Josh Gilbert 06 July 2021 For many years the humble value stock was seen by many investors as the boring and safer pick when building an investment portfolio. As a favoured strategy by many of the world’s top investors, including Warren Buffett, everyday Aussies are now finding the real value in these stoc...

Court moves on company directors in Westpac case By Sarah Kendell 06 July 2021 The Federal Court has frozen the assets of a number of company directors tied up in a $200 million alleged fraud case against Westpac, in another blow for the major bank’s internal compliance procedures. Westpac disclosed to the market late last week that it had detected “a significant potential fraud” relating to a portfolio of equipment lease...

Melbourne man charged with market manipulation By Reporter 02 July 2021 A Melbourne man has faced court charged with 23 counts of market manipulation and 19 charges of illegal dissemination of information. In a statement ASIC said the charges against Gabriel Govinda, who appeared in the Melbourne Magistrates’ Court on 2 July, relate to trading in 20 different securities quoted on the ASX between September 2014 and July 2015. ...

Your Future, Your Super reforms ‘will disproportionately affect’ funds By Neil Griffiths 02 July 2021 Specialist consulting firm Right Lane has warned the federal government that the recently passed Your Future, Your Super reforms could lead to “uncompetitive outcomes” in the superannuation system. Though the legislation is aimed at addressing flaws in the super system, Abhishek Chhikara, associate principal at Right La...

Australian economy set for ‘bleak future’: Albanese By Neil Griffiths 02 July 2021 Opposition Leader Anthony Albanese has taken aim at Prime Minister Scott Morrison and the government following the release of the latest Australia’s population is growing slower and ageing faster than expected, impacting economic growth and workforce participation. Australia’s economy will continue to grow but slower than previously thou...

Redpoint poaches MLC analyst The boutique fund manager has appointed a new portfolio trader from MLC Asset Management. In a statement, Redpoint Investment Management said it had recruited Nick Ying to the newly created portfolio trader role. Mr Ying would report to chief investment officer Ganesh Suntharam and be based in Sydney. Advertisement "); googletag.cmd.push(function() { googletag.display(div-gpt-ad-1606778578862-0); }); } Adve...

Lawyers behind landmark Rest case move on second industry fund By Neil Griffiths 02 July 2021 The law firm involved in last year’s landmark case against Rest Super has called on another fund to strengthen its policies on climate risk. Equity Generation Lawyers has written to QSuper on behalf of two of its members, calling on chairman of the board, Don Luke, to “explain why QSuper has delayed quantifying the fund’s carbon ...