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Showing 1021 - 1030 of 1227 results for "FUM"

MLC FUM falls 19pc, in-force premiums rise

MICHAEL HOBBS  |  WEDNESDAY, 28 OCT 2009
MLC's average funds under management (FUM) fell 19 per cent to $74 billion for the year to September while spot annual in-force premiums rose by over 12 per cent to $968 million. The NAB full year results found average FUM dropped from $92 billion to ...

Cooper throws down super gauntlet

ALEX DUNNIN  |  MONDAY, 26 OCT 2009
... many funds around the world are already moving to charging fees based on their 'value add' rather than as a percentage of FUM. Cooper was however wary of nominating a special FUM size target for super funds although he did acknowledge that Australia's ...

Realindex hits $1 bn FUM

MICHAEL HOBBS  |  MONDAY, 12 OCT 2009
Colonial First State index investment subsidiary, Realindex Investments, has tipped over the $1 billion funds under management mark in under a year and hired a portfolio manager. The firm, a partnership between Colonial First State and California-based ...

Fortitude to launch Aus equity income fund

MICHELLE BALTAZAR  |  WEDNESDAY, 30 SEP 2009
... funds under management fall from around $190 million to around $90 million. It's worth noting that despite the halving of FUM, the fund manage to ride this year with positive returns month-on-month. It is the fund's underlying options writing strategy ...

Russell launches global infra fund

COMPANY RELEASE  |  MONDAY, 28 SEP 2009
... running the fund. In the US, the group runs an asset management business, First American Funds, which oversees US$89 billion in FUM.

ANZ buys ING Aus for $1.76bn

MICHELLE BALTAZAR  |  FRIDAY, 25 SEP 2009
... rank third in life insurance in Australia and fifth in retails fund management in Australia and New Zealand, with a combined FUM of $45 billion and around 1,700 aligned financial planners. Harry Stout, the current INGA chief executive will remain based ...

Platforms bounce back 7.9 pc

... reversal set by the funds under management market which jumped 6.5 per cent during the quarter. Like platforms, fund manager FUM is also still way down from its 2007 peak. Driving the platform recovery is their higher weighting to equities and low exposure ...

Oasis adds two groups and recovers FUM

MICHAEL HOBBS  |  TUESDAY, 22 SEP 2009
... planners on its platform by 60 per cent after signing on two new dealer groups and, in six months, saw funds under management (FUM) jump from $3.5 billion to $5.4 billion. Oasis has added two more financial planning dealer groups since the year started ...

Astarra reaches $1 billion milestone

COMPANY RELEASE  |  FRIDAY, 18 SEP 2009
... asset classes," said Astarra Asset Management chief executive Shawn Richard in the statement. The firm also attributes its FUM growth to financial advisers outsourcing their asset management capabilities to multi-asset managers, including Astarra. As ...

Westpac moves to wholly own Ascalon

MICHAEL HOBBS  |  THURSDAY, 10 SEP 2009
... number of offshore products across alternative assets and global equities. "We're not going to be a business with the biggest FUM in the street, our businesses will be small, simply structured where their team will deliver alpha," he said. St.George ...