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

Search Results

Showing 1071 - 1080 of 5911 results for "March 2010"

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
The price of iron ore continues to heat up. It broke above the all-time high of US$191.70 a tonne recorded more than 10 years ago (February 2011) on 6 May 2021 and is currently fetching 215.48/tonne. This represents a 31.4% increase from end-2020's ...

Sunsuper raises ICR by 19bps

KANIKA SOOD  |  MONDAY, 10 MAY 2021
Sunsuper is raising the indirect cost ratio for its Balanced option by 19bps, attributing it to better performance since COVID-19. Sunsuper's balanced option currently charged ICR of 40bps per year, which totals $200 for every $50,000 invested. ...

State Street appoints APAC head of asset managers

KANIKA SOOD  |  MONDAY, 10 MAY 2021
State Street has hired from KPMG to fill the newly created role of head of asset managers segment, Asia Pacific. Neil Macdonald will join the role effective May 14. He will lead State Street's engagement strategy for asset manager clients in Asia ...

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
The $10.8 billion industry fund will not contest ASIC's March allegations against the fund regarding administration of group insurance policies. O n March 4, the corporate regulator commenced civil penalty proceedings against Statewide alleging it had ...

Pengana appoints manager

KANIKA SOOD  |  MONDAY, 10 MAY 2021
Pengana has appointed US manager Harding Loevner to manage $435 million of assets in its listed and unlisted International Fund. Harding Loevner will also manage both the LIC Pengana International Equities Limited (ASX: PIA) and the unlisted vehicle ...

Investec fund in management buyout

KARREN VERGARA  |  MONDAY, 10 MAY 2021
Investec Australia has divested a portion of its $60 million emerging companies strategy to the fund's founder. The Investec Emerging Companies Australia Fund (IEC) has been bought out by David Phillips on the back of launching Commencer Capital ...

Macquarie Wrap reaches new milestone

ANNABELLE DICKSON  |  MONDAY, 10 MAY 2021
The Macquarie Wrap platform has hit new heights, recording over $100 billion in assets under administration. As at 31 March 2021, Macquarie Wrap has $101.4 billion in AUA, 21% market share and annual flows of $4.9 billion. Head of wealth product and ...

AFA appoints partnerships GM

KARREN VERGARA  |  MONDAY, 10 MAY 2021
The Association of Financial Advisers has appointed a general manager of partnerships who joined from AMP. Cameron Burne joined the AFA in March and was most recently a partnership manager at AMP Financial Planning. He spent over eight years with the ...

Pendal to acquire US firm, profit climbs

ANNABELLE DICKSON  |  MONDAY, 10 MAY 2021
Pendal Group has announced its plans to acquire US-based investment firm Thompson, Siegel & Walmsley (TSW) as profit rose 8%, according to its half-year results. Pendal will purchase TSW for US$320 million ($414 million) which represents 7.6x the first ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG  |  MONDAY, 10 MAY 2021
... market expectations for a nearly 1 million gain (978,000 to be exact). What's more, revisions to February (+68,000) and March (-146,000) estimates combined to show that employment was 78,000 less than previously reported. Likewise, the unemployment ...