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06 May 2024 • By Maja Garaca Djurdjevic • 1 min read

Magellan’s recovery hits a roadblock in April

The fund manager’s recovery was halted in April after a promising streak lasting several months. Troubled fund manager Magellan Financial Group has ...

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Australian economic recovery to begin in 2025: OECD

Amid concerns of where the Australian economy could land this year, the OECD has cautioned of a slow year ahead, dampened by higher interest rates and ...

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ART adds thermal coal to its list of exclusions, affirms net zero pledge

Australia’s second-largest super fund has added thermal coal companies to its list of investment exclusions. Australian Retirement Trust (ART) is ...

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Macquarie reports 32% profit drop amid market volatility

The bank’s net profit plummeted by 32 per cent, primarily due to challenges in its commodities trading division. Macquarie Group announced on ...

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Asset owners acknowledge ‘return penalty’ of poor investment governance

A survey of over 20 Australian institutional asset owners has found the majority believe poor investment governance could cost their portfolios 1 per ...

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Australian institutional investors turn to private markets for risk management

Australian institutional investors are reducing investment risks as a direct result of the current environment by increasing their allocations to ...

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Powell delivers ‘fairly dovish surprise’ amid Fed rate hold

The Fed has tempered concerns of a rate hike despite stickier-than-expected inflation in the US, with markets now guessing when this “high for longer” ...

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AFM to bring ‘unprecedented’ Euro energy transition market growth Down Under

AFM Investment Partners has teamed up with German renewable infrastructure specialist KGAL to establish a local Australian feeder fund, enabling ...

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Iress upgrades earnings guidance following OneVue sale

Iress has upgraded its adjusted EBITDA by $5 million for the 2023–24 financial year in light of the sale of its platform business to Praemium

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Insignia reports $8.3bn FUA lift in 3Q24

Insignia Financial unveiled its results for the third quarter of the 2023–24 financial year. Insignia’s funds under administration (FUA) hit $223.4 ...

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