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

Search Results

Showing 1301 - 1310 of 5911 results for "March 31"

Fund manager hires client experience lead

KARREN VERGARA  |  TUESDAY, 6 OCT 2020
A $2.6 trillion ($1.9tn) global fund manager has hired a sales and marketing expert to a newly created role. Capital Group named James Cardew as its new head of marketing and client experience for Asia and Europe, responsible for overseeing institutional ...

Big banks face shareholder action

ANNABELLE DICKSON  |  TUESDAY, 6 OCT 2020
Two of Australia's big four banks face shareholder resolutions as a result of increased exposure to fossil fuels. NAB and ANZ have had shareholder resolutions lodged against them by environmental finance organisation Market Forces to align with the ...

Chief economist update: Winter of Europe's discontent

BENJAMIN ONG  |  TUESDAY, 6 OCT 2020
"The sun did not shine. It was too wet to play. So we sat in the house. All that cold, cold, wet day." - Dr. Seuss They've had their fun in the sun but now, like it or not (certainly not), Europe could well have to sit it out and hibernate for the ...

Vanguard to cull institutional mandates

KANIKA SOOD  |  FRIDAY, 2 OCT 2020
The investing giant will wind up mandates with 12 local institutional investors, as it pivots away from the lower-fee business line to retail, adviser and its in-house super offering. Vanguard will discontinue special mandates but still allow them in ...

Multi-strategy fund launches

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
A boutique Australian investment manager has launched a fund that uses sophisticated quantitative and foreign-exchange trading strategies. The Ferguson Hyams Multi-Strategy Fund was made available in mid-August and managed by Bermuda-registered Incu ...

Manipulative trading at J.P. Morgan costs it over $1bn

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
J.P. Morgan will be forced to cough up more than $1.3 billion (US$920 million) after entering into an agreement with the US Department of Justice, the US Commodity Futures Trading Commission and the US Securities and Exchange Commission. The agreements ...

Perpetual successor fund transfer to go ahead

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
After months of delay due to COVID-19, Perpetual MySuper accounts will be transferred to CareSuper on or around 30 October 2020. "We wrote to Perpetual MySuper members in March 2020 to advise of the transfer to CareSuper scheduled for 1 May 2020. Due ...

Netwealth appoints international custodian

KANIKA SOOD  |  TUESDAY, 29 SEP 2020
Netwealth has appointed a global custodian, who will also provide global and domestic equities execution and fund administration. Citi, which is the third largest custodian in Australia, will provide the services to Netwealth. Citi has been executing ...

Pension funds sue Allianz Global Investors

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings. The Arkansas Teacher Retirement System (ATRS) was the first pension ...

Active manager performance slumps: SPIVA

KARREN VERGARA  |  TUESDAY, 29 SEP 2020
The coronavirus has wiped out the performance gains of active fund managers against their respective benchmarks, according to the latest SPIVA scorecard. S&P Dow Jones Indices' SPIVA scorecard, touted as the "de facto scorekeeper of the ongoing active ...