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27 November 2024 • By Oksana Patron • 1 min read

AI is not yet ready to manage money, say multi-asset portfolio managers

While the role generative AI plays in asset management is expected to grow, asset managers admit it is still “early days” and that they do not use ...

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Inflation pressures persist, delaying expected rate cuts

October’s CPI data is unlikely to sway the RBA’s December monetary policy decision, but those predicting a rate cut in February are now entertaining ...

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Bragg attacks Labor over retreat from global ‘crypto race’

Senator Andrew Bragg has delivered a scathing critique of the government’s approach to cryptocurrency regulation, accusing Labor of retreating from ...

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Macquarie’s London branch slapped with $25m fine

Offshore authorities have flagged “significant weaknesses” in the systems and controls of the ASX-listed company’s London branch after a junior trader ...

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Ausbil confirms plans for inaugural ETF launch in 2025

The Ausbil Active Dividend Income strategy is set to debut as an exchange-traded fund (ETF) in Australia next year. Focusing on maximising dividend ...

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Is Division 296 doomed before year-end?

InvestorDaily understands the Division 296 legislation could be on the chopping block, with Labor said to be struggling to secure support ahead of the ...

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Future Fund chair defends mandate, rebuts criticism as ‘factually incorrect’

The chair of the Future Fund has slammed critics of the sovereign wealth fund’s new mandate as “factually incorrect”. “The Board of Guardians ...

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abrdn welcomes new global investment chief

abrdn Investments has hired a new global chief executive as Rene Buehlmann steps down after less than two years, and it also announced a new senior ...

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Franklin Templeton announces flurry of internal promotions

The firm has signalled a new period of strong growth and expansion as it unveils five new internal promotions in its Australian business, including a ...

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Annual trimmed mean inflation rises

Annual inflation remained at 2.1 per cent in October, the lowest since July 2021, though trimmed mean inflation has risen, indicating persistent ...

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