Laura Dew

Self-reporting issues to ASIC could lead to a reduced charge for a fund manager but it may not exempt them from enforcement action altogether, according to ASIC chair Joe Longo.

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.

AllianceBernstein (AB) has announced its chief investment officer Roy Maslen is to step down from the firm at the end of the year.

Iress has increased its forecast adjusted EBITDA by $5 million for the 2023–24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.

Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.

Asset manager Janus Henderson has made two acquisitions in the ETFs and emerging markets space as it takes strategic steps to meet client needs.

Almost 70 per cent of asset managers are planning to control costs via product rationalisation, according to a global survey by Northern Trust, as they seek to offer clients a best-in-class experience.

Fund managers should work collaboratively with data providers to minimise greenwashing risks in their products as a positive ESG score can be a “game changer” for a fund’s demand with advisers.

Cash and term deposits offer attractive rates for clients, but it may be time to switch back into bonds.

After five consecutive months of positive flows at Magellan, April saw $0.2 billion in institutional inflows offset by the same volume of retail outflows.