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

Search Results

Showing 1161 - 1170 of 3370 results for "Mandate"

New boutique awards mandate to RBC I&TS

KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
A new boutique fund manager has appointed RBC Investor & Treasury Services (RBC I&TS) as its new custodian. RBC I&TS will provide custody and fund administration services for Melior Investment Management, which launched its flagship Melior Australian ...

Super fund awards Aussie equity mandate

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
A $43 billion superannuation scheme awarded a mandate worth more than $200 million to Omega Global Investors. State Super allocated the funds to Omega's smart beta-plus strategy, complementing its existing Australian equity portfolio. Omega joins ...

Industry funds consider $22bn merger

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
... Separately, as of July 1 the group insurance offered to Tasplan members is provided by MetLife. The insurer was awarded the mandate in October 2018 and has worked with Tasplan since on integrating technology platforms. MetLife chief customer and marketing ...

Sovereign wealth fund revokes exclusions

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
... Council on Ethics has since found the grounds for exclusion are no longer present. In line with the fund's management mandate, the Ministry of Finance will determine if and when the holdings may be re-introduced to the fund's benchmark index. "Re-introduction ...

Pension giant awards $1bn in mandates

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
A $323 billion pension fund has awarded three separate mandates to boost its sustainable investment strategies. The California State Teachers' Retirement System selected three new global equity managers to collectively manage more than $1 billion across ...

Magellan renews fund administrator

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
Magellan Asset Management has renewed its fund administration agreement for another five years. Mainstream has provided administration services to Magellan since 2007. Magellan has extended the contract for the next five years with an automatic renewal ...

OnePath awards $210m in mandates

KANIKA SOOD  |  WEDNESDAY, 26 JUN 2019
OnePath awarded about $210 million in two separate mandates that were previously managed by UBS Asset Management. In December, UBS AM said it was transferring some of its investment management functions to external managers under new partnerships. Melbourne-based ...

IOOF names new chief executive

HARRISON WORLEY  |  TUESDAY, 25 JUN 2019
... significant period of upheaval. The wealth firm also appointed Mota as managing director on the IOOF board, charging him with a mandate to "reshape" the business within an evolving wealth management environment. Explaining the appointment, IOOF chair ...

AMP loses mandate to AustralianSuper

KARREN VERGARA  |  FRIDAY, 21 JUN 2019
AMP has lost a workplace superannuation fund contract to AustralianSuper. Australia Post has selected AustralianSuper as its new default super fund provider following pressure from the Communications Workers Union (CWU), the representative of postal ...

Two LICs set to merge

KARREN VERGARA  |  WEDNESDAY, 19 JUN 2019
Two Australian equities listed investment companies are set to merge to create a $137.2 million entity. Clime Capital (CAM) has made an offer to acquire CBG Capital (CBC) under an off-market takeover bid. CBG has consequently advised its shareholders ...