HUB24 deal expedites Reach’s expansion into wealth market; How do you penalise a $14tn global investment giant?

Reach Alternative Investments CEO, Sam Phillips, says its strategic alliance with HUB24 will “expedite its expansion” into the wealth market as it embarks on discussions on future product launches.

Financial penalties are typically meant to act as a deterrent against misconduct, but how does a court decide a suitable size when the company has over $14 trillion in assets under management?

PineBridge Investments has made its flagship Global Focus Equity Fund available to Australian wholesale investors for the first time.

The board of Platinum Asset Management has reached a “unanimous conclusion” regarding a proposal from Regal Partners to acquire the company.

Magellan Financial Group has appointed a new co-manager on two of its global equity funds, including the flagship $8.3 billion Global Fund.

TWC Investment Management has commenced operations, initially offering three funds to wholesale investors and is led by a former Credit Suisse managing director.