The hot hand fallacy and expecting winning managers to win indefinitely
here is a fine line between trend and truth in the market, thanks to prevalent cognitive biases – like the hot hand fallacy – that alter most finance professionals’ perception. However, advisers and investors who have the courage to bet against the tide are more likely to reap the rewards, the Researcher Forum has heard.
December 05, 2023
CFS Edge adds Morningstar managed accounts
Colonial First State (CFS) has expanded investment choices on its CFS Edge platform with a range of managed accounts from Morningstar.
December 05, 2023
Govt floats YFYS, MySuper-style regulatory regime for retirement
The federal government is scoping out the possibility of introducing a YFYS equivalent package for super funds’ retirement products to improve outcomes for less engaged fund members content with sitting in default options. The product framework could fill the gap for fund members that need better retirement outcomes but can’t or won’t access advice.
December 04, 2023
HNWs care more about goals than about complex investments
A whitepaper from HUB24 collating adviser feedback argues high net worth (HNW) investors have similar goals to other investors but prefer to focus on wealth preservation rather than growing wealth with risky and complex products.
December 04, 2023
AustralianSuper wins Origin Energy campaign
Shareholders in ASX-listed Origin Energy have rejected a takeover bid by a consortium led by private equity giants Brookfield and EIG.
December 04, 2023
Rest appoints CFO
Rest has appointed John O’Sullivan as its chief financial officer, after he led the division during the recruitment process.
December 04, 2023
Integro Private Wealth makes pair of appointments
Western Australian advice Integro Private Wealth has appointed Adam Pontague as a private wealth adviser, aligned with the firm’s continued expansion and heightened demand for private wealth services.
December 04, 2023
NZ Super Fund appoints acting CEO
The Guardians of NZ Superannuation, the crown entity that manages the $65 billion NZ Super Fund, has named Paula Steed as acting CEO, moving from her current role as general manager of strategy and shared services.
December 04, 2023
AMP appoints two non-executive directors to board
AMP has appointed Kathleen Bailey-Lord and Anna Leibel as independent non-executive directors to the board.
December 04, 2023
Shadow of Hayne guides Jones’ QAR response
Minister for Financial Services Stephen Jones has used his tenure to lead red tape reduction for the advice profession but has told an audience in Canberra the findings of the Hayne royal commission have laid the groundwork for these reforms.
December 01, 2023
Morningstar hit with $30k fine over greenwashing
Morningstar will pay $29,820 to comply with a pair of infringement notices after self-reporting to the corporate regulator it was exposed to “controversial weapons investments” in its international shares fund.
December 01, 2023
