Search ResultsShowing 31 - 40 of 100+ results for Kanika Sood
Bravura raises $165m for GBST bid
KANIKA SOOD  |  FRIDAY, 3 MAY 2019
Bravura Solutions has raised $165 million as it circles financial administration services competitor GBST. Macquarie has underwritten the placement at $5.75 per share for 28.7 million shares to raise the $165 million. This represents a discount of ...
AustralianSuper adds board director
KANIKA SOOD  |  FRIDAY, 3 MAY 2019
The $150 billion AustralianSuper has appointed a former principal adviser to the Prime Minister as an independent director to its board. Don Russell is joining AustralianSuper's 12-person board which includes one other independent director ...
Pendal profits plunge, advisers remain positive
KANIKA SOOD  |  THURSDAY, 2 MAY 2019
Pendal Group attracted $100 million net in adviser money in the first half, even as lower performance fees from its funds dragged down the first half results. Pendal reported a cash net profit after tax of $84.5 million, down 26% over 1H18. This ...
What will super funds get from the ASX CHESS replacement?
KANIKA SOOD  |  THURSDAY, 2 MAY 2019
As the ASX ticks along in switching from its legacy settlement service to a blockchain based solution, how will Australia's $2.8 trillion pool of superannuation assets benefit? That's a question ASX chief executive Dominic Stevens addressed ...
Industry funds announce $26bn joint venture
KANIKA SOOD  |  WEDNESDAY, 1 MAY 2019
Two industry superannuation funds have announced a joint venture that will create a $26 billion entity, aimed at delivering scale benefits to their combined 150,000 members. Equipsuper and Catholic Super have signed a memorandum of understanding to ...
Swiss Re to manage Freedom remediation
KANIKA SOOD  |  TUESDAY, 30 APR 2019
Swiss Re has agreed to take on the responsibility of designing and managing Freedom Insurance Group's customer remediation program. Freedom confirmed Swiss Re as the remediation manager, and Genus Life Insurance Services Pty Ltd as the third party ...
Colonial First State removes funds
KANIKA SOOD  |  TUESDAY, 30 APR 2019
Colonial First State is removing nine funds from its FirstChoice Investments menu following weak investor appetite. The removed funds include Acadian Global Managed Volatility Equity, Franklin Templeton MultiSector Bond, Milliman Managed Risk ...
Future Fund crosses $150 billion
KANIKA SOOD  |  MONDAY, 29 APR 2019
The sovereign wealth fund has crossed $150 billion in assets after a strong quarter, as it readies to pitch in to the next Federal budget. The Future Fund returned 5% over the quarter to March end, taking its decade-long performance to 10.4% - 3.9% ...
Tribeca partners for new fund, hires lead
KANIKA SOOD  |  MONDAY, 29 APR 2019
The Sydney boutique has partnered with an advisory firm to launch a new fund that will invest in Asian credit. The Tribeca Vanda Asian Credit Fund will be managed by John Stover who joins from global multi-strategy hedge fund Farallon Capital. The ...
IFM keen on marijuana stocks
KANIKA SOOD  |  TUESDAY, 23 APR 2019
The $120 billion fund manager is finding winners in cannabis stocks as countries increasingly move to legalise marijuana for medicinal use. As part of a $1 billion small caps strategy, IFM Investors has backed companies that have exposure to ...
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