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Showing 91 - 100 of 100+ results for "AustralianSuper"

Super fund execs accused of quasi-insider trading

ELIZABETH MCARTHUR  |  MONDAY, 26 OCT 2020
... processed during the high and low periods of their fund to a total value of $445,368," Wilson said. Wilson said AustralianSuper had six trustees, one fund manager and 78 staff move money during the period. A spokesperson for AustralianSuper confirmed ...

AustralianSuper ratings slide at Morningstar

KANIKA SOOD  |  FRIDAY, 23 OCT 2020
AustralianSuper is the latest casualty in Morningstar's ratings rejig, as three options with nearly 86% of its total $180 billion slide to the lowest analyst rating of "bronze". The superannuation fund's $135 billion balanced option, $13.5 billion high ...

AustralianSuper backs cobalt miner

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
The industry fund was a cornerstone investor in an ASX-listed mining stock's $45 million equity raise. AustralianSuper invested $18.5 million in Jervois Mining, representing nearly 40% of the total raise. It bought at 20.5 cents per JRV share, which ...

Retail super fund scores best customer service nod

KARREN VERGARA  |  FRIDAY, 16 OCT 2020
... superannuation fund has taken the top spot in a comprehensive member satisfaction and experience survey, bumping off AustralianSuper from the top. Colonial First State has regained the top spot in the Forrester Research's 2020 Australia Superannuation ...

Consortium eyes Link Group

KARREN VERGARA  |  TUESDAY, 13 OCT 2020
... acquisition at an offer price no less than $5.20 should it proceed. Yarra Funds Management, NovaPort Capital and AustralianSuper also hold large shareholdings. Link's shares jumped as high as 28% when the announcement broke on October 12, closing ...

Aussies continue to drain super

ELIZA BAVIN  |  MONDAY, 12 OCT 2020
... The scheme was extended until the end of the year as the country continues to focus on rebuilding the economy. AustralianSuper has paid out around $4.7 billion to members so far followed by Sunsuper at $3.4 billion and Rest at $3.1 billion. Other funds ...

MySuper reforms could have downsides

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... funds at odds with ratings agencies which score "team stability" very highly. In May this year, Lonsec downgraded AustralianSuper from recommended to investment grade due to high staff turnover. "There is definitely a challenge for fund managers when ...

Adviser charged with stealing super

ELIZABETH MCARTHUR  |  FRIDAY, 2 OCT 2020
... Australia's largest licensees, Synchron (2016-2018) and AMP (2013-2016). Goel's behaviour was uncovered when AustralianSuper handed ASIC a report in 2019 containing concerns the fund held. Goel had submitted numerous applications to AustralianSuper ...

Vanguard to cull institutional mandates

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
... billion in Australian-sourced assets. In superannuation, Vanguard manages money for at least three funds, including AustralianSuper (until this December) and State Super (until 2023). The AustralianSuper and State Super mandates totaled about $1 billion ...

Super-backed company develops COVID treatment

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
A biotech company backed by AustralianSuper, HESTA, Hostplus and Statewide Super has developed a new preventative treatment shown to reduce COVID-19 levels by up to 96%. The product, INNA-051, is being developed by Ena Respiratory, and works by stimulating ...