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Showing 1111 - 1120 of 17436 results for "Billion"

Linda Elkins joins AMP board, Slattery exits

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2025
... by end of this month. She was previously executive general manager at CFS, leading 1,000 staff and managing over $130 billion in funds under management (FUM), and managing director - superannuation at Russell Investment Group. "I'm excited to be ...

Cbus appoints member director

MICHELLE BALTAZAR  |  THURSDAY, 7 AUG 2025
... Automotive Industry Skills Council and an SA Skills Commission member. Cbus has over 925,000 members and manages $105 billion of superannuation savings as of June 30 this year.

Australian Ethical lifts investment fees

ELIZA BAVIN  |  WEDNESDAY, 6 AUG 2025
... Australian Ethical has increased investment fees and costs for super and pension options, effective August 1. The $8.9 billion super fund said for those invested in the Conservative, Balanced, Growth and High Growth options, the lift in fees and costs ...

Warakirri brings US manager to Australia

JAMIE WILLIAMSON  |  WEDNESDAY, 6 AUG 2025
... Companies Fund on behalf of ClariVest Asset Management. It will also provide operations and marketing support. With over $9 billion in assets under management, ClariVest is focused on "identifying 'underappreciated growth' - where behavioural ...

FCA fines Neil Woodford, WIM $94m

KARREN VERGARA  |  WEDNESDAY, 6 AUG 2025
... Solutions, which is now under MUFG, was the fund manager of the WEIF. The value of the WEIF fell from a high of £10.1 billion ($20.7m) in May 2017 to just £3.6 billion ($7.4bn) in the run-up to its suspension. The FCA concluded that between July 2018 ...

Pinnacle FUM soars, highlights 'tumultuous' year

ELIZA BAVIN  |  WEDNESDAY, 6 AUG 2025
... after tax of $134.4 million, up from $90.4 million in FY24. Pinnacle also saw funds under management lifting from $110 billion in FY24 to $179.4 billion in FY25 - marking a 63% increase. Pinnacle chair Alan Watson said despite "tumultuous" markets due ...

CFS taps JPMAM for private equity push

KARREN VERGARA  |  WEDNESDAY, 6 AUG 2025
... (JPMAM) to help launch its first private equity offering. JPMAM's Private Equity Group (PEG), which manages US$35 billion in for global clients, will invest in secondaries and co-investments on behalf of CFS. This will have a focus on small- and ...

PC recommends switch to digital financial reporting

ELIZA BAVIN  |  WEDNESDAY, 6 AUG 2025
... data could help Australia get back on the path to growth." Th report suggested that AI will likely add more than $116 billion to Australian economic activity over the next decade. As a result, it recommended an approach to regulation that limits the ...

First Super reduces admin fees

JAMIE WILLIAMSON  |  TUESDAY, 5 AUG 2025
The $5 billion super fund for the paper, pulp and timber industries is cutting administration fees for most of its members. From September 1, the flat administration fee paid by First Super accumulation members each week is dropping from $1.87 to $1.65. ...

Perpetual Corporate Trust acquires IAM's term deposit broking business

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... Corporate Trust (PCT) has acquired Income Asset Management's (IAM) term deposit broking business, which has nearly $1.6 billion in client funds. Given that Perpetual's subsidiary has more than $8 billion in deposit and fixed income funds under ...