John Kavanagh
505 Articles0 Comments

Contango faces cashflow crisis

Contango Asset Management has been forced to defend its viability, after the ASX asked whether it was about to run out of money. It is the latest turn in a tumultuous time for the fund management firm. Last week, Contango…

VGI Partners enters the LIC market

International equity specialist VGI Partners has launched a prospectus for a new listed investment company, VGI Partners Global Investments Ltd, offering retail investors access to the high conviction, long-short portfolio it has managed for high net worth investors since 2009.…

Passive takes another round against active… in property

Passive has taken the points in another round of its ongoing fight with active funds management, with only one in four local actively managed property securities funds beating the REIT benchmark. According to Zenith Investment Partners’ latest Property Sector Report,…

Fund researchers want to see more ‘active share’

With growing competitive pressure from low-cost passive investment managers, including smart-beta and sophisticated quantitative strategies, active managers are being asked to demonstrate that they are actually taking active positions. Research houses want to see more “active share”. Morningstar has downgraded…

Industry welcomes Government’s move on tax residency

Financial services industry commentators have welcomed the Government’s announcement that it will clarify the tax status of foreign investors using Australian fund managers for investments. In 2015, the Government introduced rules (the Investment Manager Regime) to ensure that a foreign…

Super funds get discretion to participate in new housing measures

Super funds will not be obliged to accept “downsizer” contributions from older Australians who want to contribute proceeds from the sale of a home to their super account. But the Government has advised people intending to use the scheme to…

Why manager key-person risk is a hot topic

Following a number of changes to senior personnel at investment management companies over the past year, researcher Morningstar says key-person risk is a hot topic and should be high on a manager’s agenda. Simon Trevett’s resignation from Platinum International Brands,…

SMSFA to set up a think tank for retirement savings

The SMSF Association plans to beef up its policy credentials, with the establishment of a think tank dedicated to the retirement savings market. John Maroney, the chief executive of the SMSF Association, said yesterday he hoped to have an academic…

ATO sheds some light on new SMSF event-based reporting

The Australian Taxation Office has provided some clarification of the new event-based reporting requirement for self-managed superannuation funds. Speaking at the SMSF Association technical conference in Sydney yesterday (Tuesday), Alex Affleck, an ATO assistant commissioner, said the new rules were…

APRA’s regulatory reach to extend to non-banks

Non-bank lenders will have to answer to the banking regulator, if an amendment to the Banking Act proposed by the Federal Government is passed. The Government is planning two changes to the Banking Act – one to extend the APRA’s…