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Showing 1161 - 1170 of 5505 results for "Mid"

Industry, APRA mull super merger costs

JAMIE WILLIAMSON  |  THURSDAY, 17 SEP 2020
... that over the next three to five years, we will get down to 30-50 super funds; five to 10 in the mega range, 20-30 in the mid-sized and five to 10 smaller funds that will still be left, because there is a role for smaller funds," she said. She said this ...

Netwealth takes stake in Aussie fintech

ANNABELLE DICKSON  |  THURSDAY, 17 SEP 2020
Wealth management company Netwealth has announced its investment and partnership with data solutions fintech Xeppo. Netwealth purchased a 25% stake in Xeppo with the option to increase its holding to 50% in the future but noted the investment is not ...

Lonsec to sell 37% stake to Generation

KANIKA SOOD  |  THURSDAY, 17 SEP 2020
... million will be kept for general working capital and transaction costs. The Lonsec transaction is expected to complete in mid-October, and will expand GDG's addressable market and diversify its revenue streams, GDG said. GDG will pay a total of up ...

Local fundie to manage US funds

KANIKA SOOD  |  WEDNESDAY, 16 SEP 2020
An ASX-listed fund manager will take over the management of two funds with about $130 million in US-based assets, under a revenue share agreement with a joint venture partner. Auctus Investment Group's asset management subsidiary will become the fund ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
... committed to divesting companies that derive more than 10% of revenue from thermal coal and to achieving net zero emissions by mid-century. "Aware Super's position on climate change is not based on ideology but on data and research that tells us ...

Chief economist update: Prime Minister Suga

BENJAMIN ONG  |  TUESDAY, 15 SEP 2020
Japan has a new prime minister. Yoshihide Suga is his name. Suga will officially be Prime Minister following a parliamentary vote on September 16 after being elected President of the ruling Liberal Democratic Party (LDP) two days earlier. Prime Minister ...

Brace for 5% returns from global stocks

KANIKA SOOD  |  MONDAY, 14 SEP 2020
... from different asset classes over the next five year. This year's report, published on August 13, pegs equities returns at mid-single digits. Its forecast for global equities has come down over the period year to 4.9% p.a. on the back of U.S. equities ...

The fundies of tomorrow

ANNABELLE DICKSON  |  MONDAY, 14 SEP 2020
The next wave of fund managers is ready to leave their textbooks behind and start investing with real money. And star stockpickers of today are offering their help to an interuniversity group. Traditionally, students undertaking a commerce or business ...

Capital Group hires from BlackRock

KANIKA SOOD  |  FRIDAY, 11 SEP 2020
The $2.6 trillion global manager has hired from BlackRock to fill a newly-created role whose remit includes the Australian market. London-based Alexandra Haggard will be Capital Group's head of product and investment services for in Europe and Asia ...

360 Capital succeeds in LIC raid

KANIKA SOOD  |  THURSDAY, 10 SEP 2020
Fresh off the back of buying an 18.3% stake in Evans Dixon, 360 Capital has tallied up another victory as unitholders of a credit LIC it tried to take over voted in its favour. Unitholders of the Australian Enhanced Income Fund (AYF) yesterday afternoon ...