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Showing 1161 - 1170 of 10543 results for "Close"

Retail funds drive down admin fees: KPMG

KARREN VERGARA  |  TUESDAY, 28 MAY 2024
... followed by ART at $7.9 billion and Hostplus at $6.2 billion. Worryingly, most funds in the industry by number are at, or close to, zero net flows. As with FY22, a group of corporate and retail super funds as well as SMSFs are in a net outflow position ...

APRA hits Mercer with additional licence conditions

ELIZA BAVIN  |  TUESDAY, 28 MAY 2024
The Australian Prudential Regulation Authority (APRA) has imposed additional licence conditions on Mercer Super to ensure it addresses risk management and compliance management deficiencies identified by the regulator. The risk management and compliance ...

Clime to offload Madison Financial Group

JAMIE WILLIAMSON  |  MONDAY, 27 MAY 2024
Clime Investment Management will sell Madison Financial Group and managed accounts platform WealthPortal to Infocus for $2 million. The sale is part of Clime's strategic decision to focus on its funds management and private wealth businesses and ...

Australian Ethical snaps up asset manager

ANDREW MCKEAN  |  THURSDAY, 23 MAY 2024
Australian Ethical has struck a deal to acquire Altius Asset Management, the sustainable fixed income business of Australian Unity, a move that will see its funds under management (FUM) swell by $2 billion. The acquisition will see both firms merge ...

Cromwell gets $457m for European funds platform

JAMIE WILLIAMSON  |  THURSDAY, 23 MAY 2024
... both reduce to about 25%, it said. Initially, the proceeds will be used to repay debt. Cromwell will continue to manage close to $5 billion in assets across Australia and New Zealand. Since December 2021 it has divested some $1.6 billion in non-core ...

PrimaryMarkets launches new financial adviser channel

ANDREW MCKEAN  |  WEDNESDAY, 22 MAY 2024
PrimaryMarkets has launched a new channel aimed at making alternative investments more accessible to financial advisers and their clients. The platform affords advisers and their client's access to a spectrum of investment opportunities, including unlisted ...

Centuria launches new wholesale fund

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
Centuria has launched a new single asset fund, the Centuria Halls Head Central Fund, available for wholesale investors. Centuria said the fund provides exposure to a land rich, sub-regional shopping centre occupying a prime position in Mandurah, Western ...

NovaPort Capital team calls it a day

JAMIE WILLIAMSON  |  TUESDAY, 21 MAY 2024
... to wind up the small cap Australian equity manager, Fidante told investors, saying the NovaPort team had made the call to close the business. While Fidante considered finding an alternative investment manager for the NovaPort Microcap Fund and NovaPort ...

COVID helped to reduce inequality: Productivity Commission

ELIZA BAVIN  |  TUESDAY, 21 MAY 2024
New research from the Productivity Commission has revealed changes to income and wealth levels during COVID-19. "The initial pandemic period saw an unprecedented decline in income inequality. The incomes of lower-income households grew rapidly in relative ...

Another corporate fund bites the dust

JAMIE WILLIAMSON  |  MONDAY, 20 MAY 2024
... also one of the last remaining corporate funds broadly. Last year saw several of the funds that use the Towers Watson RSE close or transfer elsewhere, including the Oracle Superannuation Plan, Linfox Staff Superannuation Fund, and Heidelberg Australia ...