Running a managed account marathon

Count has agreed to acquire a 30% stake in Brisbane-based accounting and financial advice firm Apiary Financial, continuing its push to expand its equity partnership network while reporting stronger first-quarter earnings.

Betashares has expanded its smart beta product suite, as the ETF issuer believes the domestic market, covering equities and fixed income, will pass $50 billion by the end of the year.

The corporate regulator has called for improvements in audit quality and financial reporting after its latest surveillance found companies, including superannuation funds, are still not getting the fundamentals right.

Ausbil Investment Management has shuttered its Long Short Focus Fund, with $27 million in funds under management (FUM).