BlackRock’s biggest rivals are tech giants, data is the ‘oil’ of the industry

BlackRock’s biggest rivals are tech giants, data is the ‘oil’ of the industry

"The asset management industry is in its infancy using the true magnitude of these types of capability, but there will be more pressure on us to harvest them more." Rapid advancements in technology – including big data analytics, cognitive computing and digitisation to improve customer experience – is the number one megatrend for the global…
‘Tricky’: BCA warns big super against member’s money for activisim

‘Tricky’: BCA warns big super against member’s money for activisim

It follows Treasurer Josh Frydenberg's letter to the prudential regulator to express alarm that trade unions pressured 30 industry super funds to use their leverage as investors to pressure BHP to save about 80 local seafarer jobs. Prime Minister Scott Morrison told the summit that Labor and union-aligned funds did not want more independent directors…
RBA keeps interest rates on hold

RBA keeps interest rates on hold

Expectations of a rate cut have been steadily building with the market pricing in a 52 per cent chance of a 25 basis point cut in the August board meeting. Westpac chief economist Bill Evans, was the first of the big four's top forecasters to call for the Reserve Bank to cut interest rates this…
Why women need equities more than men

Why women need equities more than men

"Not enough women are investing in the stock market," said Alva Devoy, managing director of Fidelity in Australia. "They are more risk-averse, prefer the perceived safety of cash and feel that the investment industry is not tailored for them. "Why does this matter? If women's ability to earn and therefore save during their working lives…
Why NIB’s CEO Mark Fitzgibbon has an instagram account

Why NIB’s CEO Mark Fitzgibbon has an instagram account

"It's never going to happen but I would love to be the next Joe Rogen." He said business leaders have a responsibility to make tough calls without knowing how things will turn out. "Just because you can't pick the future, doesn't just give you licence to not do anything," Mr Fitzgibbon told the Financial Review…
NSW Labor leader takes on Sydney establishment

NSW Labor leader takes on Sydney establishment

The decision to directly challenge one of the state's most influential broadcasters and other members of the Sydney establishment is a daring move by Mr Daley in what has been a mostly sedate state election campaign. The trustees who would lose their jobs are chairman Tony Shepherd, deputy chairman Rod McGeoch, former News Corp Australia…
ASX to drop at open, techs tumble in New York

ASX to drop at open, techs tumble in New York

"Central banks around the world continue to feel the need to support asset prices after one of the longest bull markets in history and one of the longest periods in history without a recession, (in part because of the rampant levels of deficit spending and unfunded payables to their nation's retirees). Call me crazy, but…
Why you should ignore advice from successful people

Why you should ignore advice from successful people

When failures are invisible, the difference between failure and success may also become invisible. Successes need to be paired with analysis of failures. Science allows us to measure all the factors that might influence success in a specific domain, as well as accounting for successes and failures. While certain gurus might be able to tell…

Follow us

0FansLike
989FollowersFollow
10,893SubscribersSubscribe

Latest news