John Kavanagh
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Janus Henderson opens for business

Fund managers Janus Capital Group and Henderson Group PLC complete their merger today, marking the occasion with the unveiling of a new brand and the commencement of trading in new securities on the New York Stock Exchange and the ASX.…

Antares winds up small-cap fund

Antares Capital Partners has terminated its Antares Small Companies Fund, after determining that it could not find suitable replacements for departing portfolio managers. Antares expects to make final payments to investors in the $60 million fund by June 6. Portfolio…

Choosing investments the biggest headache for SMSF investors

Trustees of self-managed super funds say the biggest challenge they face in managing their funds is choosing what to invest in, according to new research. The latest Investment Trends Self-Managed Super Fund Investor Report shows that 31 per cent of…

ASIC to get more power to regulate ‘disputes’

The Government will maintain a co-regulatory approach to external dispute resolution in the financial services industry but the planned “one-stop shop” EDR scheme will face a much higher level of regulatory oversight. Following the Government’s announcement earlier this month that…

Government heeds call to extend equity crowdfunding

The Federal Government has responded to criticism of its new equity crowdfunding rules and has introduced a Bill that addresses the main sticking point by extending the new regime to proprietary companies. Corporations Amendment (Crowd-sourced Funding) Act 2017, which was…

Why sequencing risk hits SMSF investors hardest

SMSF investors are an anomaly in the Australian market. On average these investors are older and wealthier and exhibit far more control over their decisions than others in the $2.1 trillion super industry. This also makes them prime candidates for sequencing…

Bennelong backs Wheelhouse derivatives team

Bennelong Funds Management has added to its list of boutique asset management teams, announcing the formation of a partnership a group of asset managers to form a new business, Wheelhouse Investment Partners. Wheelhouse is headed by Alastair MacLeod, who was…

… as Brandywine goes unconstrained in pursuit of yield

Opportunities for investors looking for income-producing investments are expanding. The latest fund manager to launch an unconstrained fixed-income fund is Brandywine Global. The Legg Mason Brandywine Global Optimiser Fund is benchmark unaware and invests in a wide range of global…

Moelis Australia acquires Armada

Asset manager and corporate adviser Moelis Australia has followed up its listing on the Australian Securities Exchange last month with the acquisition of specialist property fund manager Armada Funds Management. Moelis will pay $29.5 million for Armada, which has $800…

LRBA amendment a negative for SMSF borrowing

By John Kavanagh Repayments of SMSF borrowings will have an impact on a fund’s transfer balance cap, under draft amendments to the new super rules released by the Government last week. The amendments will also change the way limited recourse…