Investment manager Pinnacle Investment Management (ASX:PNI), which runs a multi-affiliate firm, has bought into private equity investor Five V Capital, buying a 25 per cent stake for $75 million. The relatively new but well-known private equity manager has roughly $1.1 billion in funds under management and invests in market-leading, innovative businesses in industries with strong…
Data released from platform provider Praemium (ASX: PPS) has shown that the rich are getting richer and more confident, moving on quickly from the pandemic. The research report, commissioned by Praemium and carried out by research company InvestmentTrends, surveyed about 11,000 investors of which 2,200 were high-net-worth; it offers valuable insights to financial advisers…
“It pays to be green,” was once a premature conclusion, but now that conclusion couldn’t be any closer to the truth. According to Evergreen Consultants, a survey of the firm’s ERIG (Evergreen Responsible Investment Grading) Index data showed responsible investment Australian equity funds to have outperformed the S&P/ASX 200 Index over the past three years….
Evergreen Ratings, a subsidiary of Evergreen Consultants and a leading research house that specialises in the analysis of closed ended and complex sustainable investment vehicles has given the Aura Venture Fund II a “Commended” rating, highlighting the funds strong team of venture capital specialists. The alternatives wealth manager, Aura Group, recently opened its second venture…
ASIC has put financial services companies and fintech start-ups on notice, warning them against paying finfluencers to advertise products and services. So if you’re thinking of hiring an ultra-cool “finfluencer” to help redirect social media traffic to your website or to spruik your products or better yet, to share advice… you’d better rethink your marketing…
Komatsu Australia, the local arm of the global manufacturer and distributor of earthmoving equipment, has taken a step into the future by embracing virtual reality (VR) technology to help train and upskill its staff. The company has called upon Brisbane-based virtual reality scale-up, Next World Enterprises, to train and upskill its RTOs in line with…
Popular wealth platform Praemium has approved Monochrome’s flagship Bitcoin Fund on the Powerwrap product suite providing wholesale investors access to a Bitcoin fund via their IDPS-like scheme. Powerwrap has been well ahead of the cryptocurrency boom, having launched its first Bitcoin tracker fund two years ago, through the Cloudbreak Asset Management (CBAM) team, which established…
The RBA said it has little choice other than to scrap its yield curve control policy in targeting a 0.1 per cent yield on the April 2024 government bond. RBA Governor Lowe said, “Given the progress towards our goals and the revised outlook, the Board judged that it was no longer sustainable to maintain the…
The soon-to-be-disbanded Financial Adviser Standards and Ethics Authority (FASEA) is finishing its reign with a flurry, announcing a review of the much-derided conflicts of interest Standard 3 of the recently enshrined law. Financial advisers and legal experts have raised concerns about the structure of the ethical standards sincetheir inception. In fact FASEA had received 37…
The London Stock Exchange Group and its FTSE Russell subsidiary have partnered with Digital Asset Research, provider of cryptocurrency pricing and market data, to announce the launch of the FTSE Russell Digital Asset Index Series. It marks another step into the mainstream for cryptocurrency, the further professionalisation of an industry sector that has remained somewhat…
