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Showing 1201 - 1210 of 6746 results for "Profit"

Alternatives win big mandates

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... leading mandate winner in four of seven key sectors, Rainmaker found. Overall, 317 mandates were allocated from not-for-profit super funds and fund managers over the period. Compared to the prior corresponding period, the number of mandates decreased ...

Alex Waislitz fails to block OneVue acquisition

KANIKA SOOD  |  THURSDAY, 22 OCT 2020
OneVue shareholders approved Iress' offer yesterday. Alex Waislitz will still walk away with $22 million, while Connie McKeage's family investment vehicle will see a $15 million payday. Yesterday's poll was to approve Iress's revised ...

IFM Investors executive director departs

KANIKA SOOD  |  WEDNESDAY, 21 OCT 2020
IFM Investors' head of Australia, global relationships group has left a year after joining in the newly-created role. Nicki Ashton joined IFM in September last year. She was responsible for IFM's business development and investor relations agenda ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... a floating rate. In additional to launching the raise, ClearView released its FY20 results which is saw underlying net profit after tax plummet 41%. ClearView said the results reflect tough market conditions brought on by the economic shutdown as a result ...

Future Fund slashes fees

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... as private equity) or for exposures which are truly diversifying (such as hedge funds)." However, the fund's latest profit and loss statement shows major downgrades to asset fair values, plummeting from $8.5 billion to a loss of $2.8 billion year ...

IAPF to acquire management rights for $40m

ELIZA BAVIN  |  TUESDAY, 20 OCT 2020
The Investec Australia Property Fund (IAPF) is looking to internalise its management function by acquiring the rights from its parent firm Investec for $40 million. The fund is asking unitholders to vote in favour of the acquisition so it can internalise ...

UBS, Insight IM win Future Fund mandates

KARREN VERGARA  |  MONDAY, 19 OCT 2020
... COVID-19," the report read. The fund made a staggering $1.4 billion loss, down a whopping 109% from $16.7 billion in net profit made in FY19. The majority of losses came from the downgrade of asset fair values, plummeting from $8.5 billion to a loss ...

Tax Practitioners Board adds members

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... principal - taxation at EY. She is a member on a number of of the Law Council of Australia's committees, the ATO not-for-profit Stewardship Group and the Advisory Committee for the Board of Taxation. Stephens has a wealth of tax experience and is the ...

Australian Business Growth Fund launches

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
The government backed Australian Business Growth Fund has launched, to be led by former JB Were chair Anthony Healy. Healy has been appointed the inaugural chief executive of the fund and Will Hodgman, former premier of Tasmania, has been appointed ...

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... this product. Group disability income was also in the red at $249 million. Retail lump sums was the only product to make a profit of $422 million, but this was down by 43% year on year. KPMG insurance sector lead David Kells said the industry's profits ...