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Showing 1151 - 1160 of 3372 results for "Mandate"

IFM Investors reports $114m in FY19 profits

KANIKA SOOD  |  MONDAY, 29 JUL 2019
IFM Investors wants to invest in its business and seek out more opportunities in Australia in the year ahead, as it posts $22 billion in net flows and $114 million in pre-tax net profit for FY19. The funds management powerhouse owned by industry superannuation ...

Industry fund changes asset consultant

KANIKA SOOD  |  MONDAY, 29 JUL 2019
A $12 billion industry superannuation fund has appointed a new asset consultant, ending a 17-year relationship with Willis Towers Watson. LGIAsuper has appointed JANA to act as its asset consultant, marking the third of its key external contracts to ...

Schroders acquires majority stake in impact investor

KRISTI CHENG  |  MONDAY, 29 JUL 2019
Global asset manager Schroders has acquired a majority stake in Swiss impact investor BlueOrchard Finance. The financial terms of the deal have not been disclosed, with the acquisition expected to complete in the second half of 2019. Schroders now has ...

Lloyds, pension fund pay $250m settlement

JAMIE WILLIAMSON  |  FRIDAY, 26 JUL 2019
... Banking Group will pay $250 million in compensation to Standard Life Aberdeen following its attempt to pull a $186 billion mandate in February 2018. Lloyds Banking Group and its subsidiary, Scottish Widows, reached a final settlement with Standard Life ...

Government to close super salary sacrifice loophole

KARREN VERGARA  |  THURSDAY, 25 JUL 2019
New legislation will enforce stronger protections against dodgy employers who short change workers' superannuation savings via salary sacrifice contributions. Assistant Treasurer and Housing Minister Michael Sukkar introduced a raft of tax measures ...

Super working in favour of all members

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
Superannuation is working effectively to support members of all ages, genders and income levels, new research from the Association of Superannuation Funds of Australia shows. ASFA's Outcomes: A snapshot of account balances in Australia found members ...

Global manager hires from Magellan

KANIKA SOOD  |  TUESDAY, 23 JUL 2019
... superannuation funds in the year ending March for its international equities strategies, according to the latest Rainmaker Mandate Chaser report. GQG had $35 billion of advisory and discretionary assets worldwide, including more than $3 billion from ...

QSuper names investments chief

KARREN VERGARA  |  TUESDAY, 23 JUL 2019
QSuper will welcome its new chief investment officer in September as it farewells Brad Holzberger. Charles Woodhouse has been promoted to investments chief after serving as the QSuper's head of funds management since 2009. During that period, he ...

APRA endorses review recommendations

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... highlights the increasingly complex industry dynamics in which APRA operates and that the expectations of its role and mandate have increased. "Appropriately, the report notes APRA has not stood still in the face of these developments, but highlights ...

Super funds keen on alternatives managers

KANIKA SOOD  |  WEDNESDAY, 17 JUL 2019
... biggest slice of institutional mandates awarded in Australia in the year to March end, according to the latest Rainmaker Mandate Chaser report. Not-for-profit superannuation funds and investment managers handed out 330 mandates in the 12 months to March ...