Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 1060 results for "FUM"

Platinum AM reports almost $1bn in outflows

ANDREW MCKEAN  |  FRIDAY, 8 SEP 2023
... asset manager also experienced $205 million in outflows from its Platinum Trust Funds. Platinum AM's funds under management (FUM) dropped to $16.7 billion as at August 31, declining from $17.8 billion at the end of July. It follows the resignation of ...

Managed accounts FUM hits $162bn

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
... and Milliman figures, which canvassed 48 firms in their survey. Separately managed accounts (SMA) comprise the bulk of the FUM at $94.9 billion, growing a whopping 34% year on year. Managed discretionary accounts (MDA) assets stood at $50.9 billion ...

Hostplus finalises merger with Maritime Super

ANDREW MCKEAN  |  MONDAY, 4 SEP 2023
... transition of approximately 23,000 Maritime Super accounts, this added $6 billion to Hostplus' funds under management (FUM). Subsequently, Hostplus' FUM has surpassed $100 billion, with its membership now totalling 1.7 million. Hostplus chief ...

Ninety-seven super products fail performance test

JAMIE WILLIAMSON  |  THURSDAY, 31 AUG 2023
... non-platform products (4%) and 76 are platform products (25%). Further, on-platform products represented just 5% of the total FUM assessed, 50% of which is in failed products. However, there were less on-platform products assessed. Three quarters of ...

Citi terminates staff super fund

JAMIE WILLIAMSON  |  TUESDAY, 29 AUG 2023
... since 2000. As of its 2022 annual report, the fund had about 125 members and funds under management of $66.7 million. The FUM and member count have been steadily dwindling for some time, however the minutes from its last annual members meeting in August ...

Australian Ethical hits $9.2bn, focus turns to back-office

ANDREW MCKEAN  |  FRIDAY, 25 AUG 2023
Australian Ethical has reported 48% year-over-year growth in its funds under management (FUM), reaching $9.2 billion due to positive net flows and its successor fund transfer (SFT) with Christian Super. In an ASX announcement, the company reported underlying ...

Legacy issues, business overhaul plague E&P results

KARREN VERGARA  |  FRIDAY, 25 AUG 2023
... administrators to DASS in January 2022 and subsequent creditor approved Deed of Company Arrangement (DOCA). The E&P Funds business saw FUM reduce by 30% to $4.3 billion thanks to it exiting the Real Asset funds business; asset sales New Energy Solar ...

Insignia consolidates further, creates Client Wellbeing arm

JAMIE WILLIAMSON  |  THURSDAY, 24 AUG 2023
Following the recent decision to overhaul its advice model, Insignia Financial will now consolidate its client engagement teams to create a Client Wellbeing division as it prepares for the post-Quality of Advice Review world. Within its FY23 results ...

Platinum AM chief executive steps down

CASSANDRA BALDINI  |  THURSDAY, 24 AUG 2023
... Platinum reported a 20% drop in its NPAT for FY23 which came in at $80.85 million. The asset manager saw a 4.9% drop in its FUM which came to $17.3 billion for FY23 down from $18.2 billion in the prior year. The asset manager said the dip was caused ...

Qualitas scores another $700m from ADIA

CHLOE WALKER  |  TUESDAY, 22 AUG 2023
... initial $700 million investment in August last year. The additional commitment brings Qualitas' total funds under management (FUM) to $7.5 billion, of which 78% is in private credit and 81% is invested on behalf of institutional investors. Qualitas' ...