This compared to a decline during the previous month when FUM fell by $13.8 billion as the result of negative market movements. The industry reported net April flows of $5.4 billion and market ...

Managers in private markets funds are able to demand higher salaries than their public peers as the vehicles gain popularity with wholesale and retail investors. According to the latest salary guide ...

A Melbourne individual will serve at least three years in prison after obtaining almost $2 million from investors via unlicensed financial advice. Ashley Arandez of Hoppers Crossing, Victoria was ...

A former United Global Capital (UGC) adviser who appealed to the Administrative Review Tribunal (ART) has seen his ban extended by an additional year. On 7 April, the Tribunal ruled to overturn a ...

Lazard is launching its emerging markets equity advantage fund in Australia, giving retail investors access to its quantitative strategy in the asset class for the first time. The global investment ...

In the past month, it has added three franchised businesses in Norwest and Illawarra in New South Wales and in Brisbane which expands its reach across key regions. It has also completed three bolt-on ...

Research house Zenith Investment Partners is set to launch a private asset portfolio in the third quarter of 2026 following three years of development, in association with Link Wealth. Zenith’s ...

Janus Henderson has received shareholder approval for its acquisition by Trian and General Catalyst while also agreeing a strategic long-term mandate with BNP Paribas. The Trian and General Catalyst ...

While the next generation prepares to up their involvement in family office operations, global research shows a severe lack of preparation for when founders eventually hand over the reins. The study ...

In an ASX statement, the fund manager said it will close its Australian Small Cap Hedge Fund Complex ETF (KSM) as it believes it is unlikely to achieve scale. The ETF invests in Australian and New ...

After a shock 88 adviser decline last week following an AFSL closure, adviser numbers have largely rebounded, with three quarters now back on the register. Last week’s decline was almost entirely a ...

A Middle Eastern private equity firm has acquired a minority stake in alternative asset manager La Trobe Financial from Brookfield, valuing La Trobe at $3 billion. Axight is an Abu Dhabi-based private ...