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Human hedge fund managers embrace robot-rival tools to amp returns

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BEVERLY HILLS, Calif. (Reuters) – Traditional stock-pickers within the hedge fund world have been struggling to justify their bills and weak returns in recent times, as low-cost algorithmic funds have completed higher. Now, human managers are beginning to embrace the applied sciences employed by their robotic rivals to enhance outcomes. FILE PHOTO: U.S. greenback notes […]

Australia’s AMP back in inquiry hot seat as pension transfers challenged

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SYDNEY (Reuters) – Australia’s No.1 retirement and wealth administration firm AMP Ltd paid tons of of tens of millions of dollars from clients’ retirement accounts to its subsidiaries with out correct documentation, an inquiry heard on Thursday. FILE PHOTO: The emblem of AMP Ltd, Australia’s largest retail wealth supervisor, adorns their head workplace situated in […]

Australia’s AMP rejects criminal allegations, names veteran banker chairman

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SYDNEY (Reuters) – Australia’s AMP Ltd (AMP.AX) denied allegations it had submitted a doctored report back to a regulator and dedicated a criminal offense, saying an inquiry into the nation’s monetary sector had overstated the wealth supervisor’s involvement. The emblem of AMP Ltd, Australia’s largest retail wealth supervisor, adorns their head workplace situated in central […]

Australia banking scandal claims more AMP scalps, chairwoman quits

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SYDNEY (Reuters) – Australia’s largest-listed wealth supervisor AMP introduced the resignations of its chairwoman and authorized counsel on Monday, and slashed its administrators’ charges by 1 / 4 because it races to stem the fallout from damaging revelations of misconduct on the agency. FILE PHOTO: The emblem of AMP Ltd, Australia’s largest retail wealth supervisor, […]